GCL System Integration Technology Co (SZSE:002506) Sloan Ratio % : 6.10% (As of Mar. 2024)

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What is GCL System Integration Technology Co 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.

GCL System Integration Technology Co's Sloan Ratio for the quarter that ended in Mar. 2024 was 6.10%.

As of Mar. 2024, GCL System Integration Technology Co has a Sloan Ratio of 6.10%, indicating the company is in the safe zone and there is no funny business with accruals.

GCL System Integration Technology Co Sloan Ratio % Historical Data

The historical data trend for GCL System Integration Technology 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.

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GCL System Integration Technology Co Sloan Ratio % Chart

GCL System Integration Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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-2.73

-23.64

-20.30

0.46

4.59

GCL System Integration Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Sloan Ratio %	Get a 7-Day Free Trial															-1.15	-0.24	-2.04	4.59	6.10

Competitive Comparison of GCL System Integration Technology Co's Sloan Ratio %

For the Solar subindustry, GCL System Integration Technology 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.

GCL System Integration Technology Co's Sloan Ratio % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, GCL System Integration Technology Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where GCL System Integration Technology Co's Sloan Ratio % falls into.

GCL System Integration Technology 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.

GCL System Integration Technology Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(157.719	-	301.073
	-	-1020.53)	/	19109.368
	=	4.59%

GCL System Integration Technology Co's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Mar. 2024 )
	=	(154.956	-	55.733
	-	-1153.639)	/	20536.735
	=	6.10%

GCL System Integration Technology Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 84.391 (Jun. 2023 ) + 30.927 (Sep. 2023 ) + 15.245 (Dec. 2023 ) + 24.393 (Mar. 2024 ) = ¥155 Mil.
GCL System Integration Technology Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 468.997 (Jun. 2023 ) + 167.645 (Sep. 2023 ) + -614.384 (Dec. 2023 ) + 33.475 (Mar. 2024 ) = ¥56 Mil.
GCL System Integration Technology Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -136.024 (Jun. 2023 ) + -411.78 (Sep. 2023 ) + -303.514 (Dec. 2023 ) + -302.321 (Mar. 2024 ) = ¥-1,154 Mil.

GCL System Integration Technology Co (SZSE:002506) 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 Mar. 2024, GCL System Integration Technology Co has a Sloan Ratio of 6.10%, indicating the company is in the safe zone and there is no funny business with accruals.

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GCL System Integration Technology Co (SZSE:002506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GCL System Integration Technology Co Ltd (SZSE:002506) » Definitions » Sloan Ratio %

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Address

Industrial Park Xinqing Road on the 28th, Jiangsu Province, Suzhou, CHN

Website

http://www.gclsi.com

GCL System Integration Technology Co Ltd is an energy conglomerate specializing in clean and sustainable power production. The company offers a wide range of products for a variety of application environments, including modules of standard 60/72-piece, dual-glass, high-efficiency polysilicon PERC, and half-cell. It has a business footprint across 31 provinces, municipalities and autonomous regions of mainland China, Hong Kong, Taiwan, as well as Africa, North America, Southeast Asia and Europe.

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