Sharing Economy International (Sharing Economy International) Sloan Ratio % : -89.91% (As of Dec. 2022)

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What is Sharing Economy International Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Sharing Economy International's Sloan Ratio for the quarter that ended in Dec. 2022 was -89.91%.

As of Dec. 2022, Sharing Economy International has a Sloan Ratio of -89.91%, indicating earnings are more likely to be made up of accruals.

Sharing Economy International Sloan Ratio % Historical Data

The historical data trend for Sharing Economy International's Sloan Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sharing Economy International Sloan Ratio % Chart

Sharing Economy International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Sloan Ratio %

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-83.27

-219.28

-141.14

-27.13

-89.91

Sharing Economy International Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Sloan Ratio %	Get a 7-Day Free Trial															-27.15	-67.47	-69.77	-132.59	-89.91

Competitive Comparison of Sharing Economy International's Sloan Ratio %

For the Software - Infrastructure subindustry, Sharing Economy International's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sharing Economy International's Sloan Ratio % Distribution in the Software Industry

For the Software industry and Technology sector, Sharing Economy International's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Sharing Economy International's Sloan Ratio % falls into.

Sharing Economy International Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Sharing Economy International's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2022 )	-	Cash Flow from Operations (A: Dec. 2022 )
	-	Cash Flow from Investing (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2022 )
	=	(-4.154	-	-1.696
	-	0.225)	/	2.984
	=	-89.91%

Sharing Economy International's Sloan Ratio for the quarter that ended in Dec. 2022 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Dec. 2022 )
	=	(-4.154	-	-1.696
	-	0.225)	/	2.984
	=	-89.91%

Sharing Economy International's Net Income for the trailing twelve months (TTM) ended in Dec. 2022 was -0.782 (Mar. 2022 ) + -1.496 (Jun. 2022 ) + -1.403 (Sep. 2022 ) + -0.473 (Dec. 2022 ) = $-4.15 Mil.
Sharing Economy International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2022 was -0.348 (Mar. 2022 ) + -0.427 (Jun. 2022 ) + -0.579 (Sep. 2022 ) + -0.342 (Dec. 2022 ) = $-1.70 Mil.
Sharing Economy International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2022 was -0.009 (Mar. 2022 ) + 0.249 (Jun. 2022 ) + -0.021 (Sep. 2022 ) + 0.006 (Dec. 2022 ) = $0.23 Mil.

Sharing Economy International (OTCPK:SEII) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Dec. 2022, Sharing Economy International has a Sloan Ratio of -89.91%, indicating earnings are more likely to be made up of accruals.

Sharing Economy International Sloan Ratio % Related Terms

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Sharing Economy International (Sharing Economy International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sharing Economy International Inc (OTCPK:SEII) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.85 Castle Peak Road, Castle Peak Bay, Tuen Mun, N.T, Hong Kong, HKG

Website

https://www.seii.com

Sharing Economy International Inc is engaged in the development of sharing economy platforms and related rental businesses. Its digital platforms handle transactions that offer access over ownership through renting, lending, subscribing, reselling, swapping, or donating.

Executives

Chan Pak Hei Jefferson	10 percent owner, officer: Chief Executive Officer	HOUSE 20 OF MERRY GARDEN, 628 POK WAI, YUEN LONG, HONG KONG K3 00000
Ecinteract Co Ltd	10 percent owner	ROOM K, 2/F, BLOCK 4, GREENWOOD TERRACE, CHAI WAN K3 9999999999
Tin Chi Chan	10 percent owner	VILLA CORNWALL, NO. 85 CASTLE PEAK ROAD, CASTLE PEAK BAY, NEW TERRITORIES K3 9999999999
Parkson Yip	officer: Chief Operating Officer	FLAT C5, 26F, TML TOWER, 3 HOI SHING ROAD, TSUEN WAN, NT K3 00000
Ysk 1860 Co., Ltd	10 percent owner	CORNWALL CENTER, NO.85 CASTLE PEAK ROAD, COFFEE BAY, TUEN MUN, N.T. K3 00000
Yuen Deborah Wai Ming	10 percent owner	CORNWALL CENTER, NO.85 CASTLE PEAK ROAD, COFFEE BAY, TUEN MUN, N.T. K3 00000
Ping Kee Lau	director	FLAT C5, 26/F, TML TOWER, 3 HOI SHING ROAD, TSUEN WAN, NT K3 00000
Adam C Wasserman	officer: CFO	1643 ROYAL GROVE WAY, WESTON FL 33327
Ming Zhao	director	1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000
Jianhua Wu	director, 10 percent owner, officer: CEO	NO.9, MIDDLE YANYU ROAD, QIANZHOU TOWN, HUISHAN DISTRICT, WUXI, JIANGSU F4 000000
Fernando Liu	officer: Chief Financial Officer	BLDG 387, 2199 GUIDAI ROAD, MINHANG DISTRICT, SHANGHAI F4 201100
Tianxiang Zhou	director	152 LIUTAN'ER VILLAGE, APT 501, BEITANG DISTRICT, WUXI F4 214046
Xuezhong Hua	director	C/O DENGXIANG, QIANZHOU TOWN, HUISHAN DISTRICT, WUXI JIANGSU F4 214181
Ying Teresa Zhang	officer: Chief Financial Officer	NO. 9 YANYU MIDDLE ROAD, QIANZHOU VILLAGE, HUISHAN DISTRICT, WUXI JIANGSU F4 214181
Megan J Penick	director	C/O PENICK & ASSOCIATES LLC, 300 CARROLL CLOSE, TARRYTOWN NY 10591