China Agri-Products Exchange (HKSE:00149) Sloan Ratio % : -4.20% (As of Sep. 2023)

China Agri-Products Exchange Sloan Ratio % Chart

China Agri-Products Exchange Annual Data
	Trend	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Mar21	Mar22	Mar23
Sloan Ratio %		Get a 7-Day Free Trial					-7.45	-14.15	3.39	-0.88	-0.94

China Agri-Products Exchange Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Sloan Ratio %	Get a 7-Day Free Trial															8.82	-0.88	-1.90	-0.94	-4.20

Competitive Comparison of China Agri-Products Exchange's Sloan Ratio %

For the Real Estate - Diversified subindustry, China Agri-Products Exchange'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.

China Agri-Products Exchange's Sloan Ratio % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Agri-Products Exchange's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where China Agri-Products Exchange's Sloan Ratio % falls into.

China Agri-Products Exchange 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.

China Agri-Products Exchange's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as

China Agri-Products Exchange's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. China Agri-Products Exchange's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -0.928 (Mar. 2023 ) + 7.995 (Sep. 2023 ) = HK$7.1 Mil.
China Agri-Products Exchange's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 109.464 (Mar. 2023 ) + 116.089 (Sep. 2023 ) = HK$225.6 Mil.
China Agri-Products Exchange's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -7.783 (Mar. 2023 ) + -17.342 (Sep. 2023 ) = HK$-25.1 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.

China Agri-Products Exchange  (HKSE:00149) 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 Sep. 2023, China Agri-Products Exchange has a Sloan Ratio of -4.20%, indicating the company is in the safe zone and there is no funny business with accruals.

China Agri-Products Exchange Sloan Ratio % Related Terms

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China Agri-Products Exchange (HKSE:00149) Business Description