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.
Yoozoo Interactive Co's Sloan Ratio for the quarter that ended in Mar. 2024 was 1.33%.
As of Mar. 2024, Yoozoo Interactive Co has a Sloan Ratio of 1.33%, indicating the company is in the safe zone and there is no funny business with accruals.
Yoozoo Interactive Co Sloan Ratio % Historical Data
The historical data trend for Yoozoo Interactive Co'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.
Competitive Comparison of Yoozoo Interactive Co's Sloan Ratio %
For the Electronic Gaming & Multimedia subindustry, Yoozoo Interactive Co'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.
Yoozoo Interactive Co's Sloan Ratio % Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Yoozoo Interactive Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Yoozoo Interactive Co's Sloan Ratio % falls into.
Yoozoo Interactive Co 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.
Yoozoo Interactive Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Yoozoo Interactive Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -94.892 (Jun. 2023 ) + 62.486 (Sep. 2023 ) + 80.921 (Dec. 2023 ) + 17.186 (Mar. 2024 ) = ¥66 Mil.
Yoozoo Interactive Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -235.298 (Jun. 2023 ) + -48.012 (Sep. 2023 ) + 144.52 (Dec. 2023 ) + 8.524 (Mar. 2024 ) = ¥-130 Mil.
Yoozoo Interactive Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 96.14 (Jun. 2023 ) + 45.069 (Sep. 2023 ) + -27.611 (Dec. 2023 ) + 1.55 (Mar. 2024 ) = ¥115 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.
Yoozoo Interactive Co (SZSE:002174) 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 Mar. 2024, Yoozoo Interactive Co has a Sloan Ratio of 1.33%, indicating the company is in the safe zone and there is no funny business with accruals.
Yoozoo Interactive Co Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Yoozoo Interactive Co's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Yoozoo Interactive Co (SZSE:002174) Business Description
Yoozoo Interactive Co Ltd is a game-based interactive entertainment company. The company implements the strategies of big data, globalization, and quality products to achieve integrated development across four major areas namely globalized game research and development and publishing, IP management, big data and intelligent technology, and pan-entertainment industry investment. It operates using a 'film-game integration' model to deliver a series of products such as films, games, cartoons, fiction, and commercial property, building a globalized ecosystem for the pan-entertainment industry.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SZSE:002174 has been successfully added to your 