What is Apollo Future Mobility Group 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.
* 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.
Competitive Comparison of Apollo Future Mobility Group's Sloan Ratio %
For the Luxury Goods subindustry, Apollo Future Mobility Group'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.
Apollo Future Mobility Group's Sloan Ratio % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Apollo Future Mobility Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Apollo Future Mobility Group's Sloan Ratio % falls into.
Apollo Future Mobility Group 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Apollo Future Mobility Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -9.121 (Jun. 2023 ) + -91.953 (Dec. 2023 ) = €-101.07 Mil.
Apollo Future Mobility Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -3.523 (Jun. 2023 ) + 0.11 (Dec. 2023 ) = €-3.41 Mil.
Apollo Future Mobility Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 11.073 (Jun. 2023 ) + 4.642 (Dec. 2023 ) = €15.72 Mil.
* 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.
Apollo Future Mobility Group (STU:U1R1) 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.
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. 2023, Apollo Future Mobility Group has a Sloan Ratio of -24.63%, indicating there is a warning stage of accrual build up.
Apollo Future Mobility Group Sloan Ratio % Related Terms
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Apollo Future Mobility Group (STU:U1R1) Business Description
Apollo Future Mobility Group Ltd is an investment holding company. It operates in three segments. The Mobility technology solutions segment engages in designing, developing, manufacturing, and sales high-performance hypercars and provision of mobility technology solutions. Jewellery products and watches segment that derives majority revenue focus on retailing and wholesale of jewellery products and watches. The Money Lending segment provides loan finance. ,Majority revenue is derived from Jewellery products, watches and other commodities segment. Geographically Mainland China accounts for majority revenue.
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