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.
As of Sep. 2023, AUX International Holdings has a Sloan Ratio of -4.77%, indicating the company is in the safe zone and there is no funny business with accruals.
AUX International Holdings Sloan Ratio % Historical Data
* 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 AUX International Holdings's Sloan Ratio %
For the Real Estate Services subindustry, AUX International Holdings'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.
AUX International Holdings's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, AUX International Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where AUX International Holdings's Sloan Ratio % falls into.
AUX International Holdings 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.
AUX International Holdings's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 0.696 (Mar. 2023 ) + 1.013 (Sep. 2023 ) = €1.71 Mil.
AUX International Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 4.291 (Mar. 2023 ) + -0.568 (Sep. 2023 ) = €3.72 Mil.
AUX International Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0.438 (Mar. 2023 ) + 0.418 (Sep. 2023 ) = €0.86 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.
AUX International Holdings (FRA:MEN) 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 Sep. 2023, AUX International Holdings has a Sloan Ratio of -4.77%, indicating the company is in the safe zone and there is no funny business with accruals.
AUX International Holdings Sloan Ratio % Related Terms
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AUX International Holdings (FRA:MEN) Business Description
AUX International Holdings Ltd is engaged in the operation of clubbing business in Hong Kong and property management services. The segments of the group are Lifestyle entertainment in Hong Kong which involves the sales of food and beverages and tobacco products from the operation of clubbing business and restaurant and bar outlets; and Property management in Mainland China which involves the provision of property management services. It derives a majority of revenue from the Property management segment. Its revenue sources include the sale of beverages and tobacco products, other club operations including entrance fees, cloakroom fees, and event rental income, sponsorship income and income arising from the provision of property management services.
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