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 Jun. 2023, Macrolink Capital Holdings has a Sloan Ratio of -2.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Macrolink Capital 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 Macrolink Capital Holdings's Sloan Ratio %
For the Other Industrial Metals & Mining subindustry, Macrolink Capital 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.
Macrolink Capital Holdings's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Macrolink Capital Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Macrolink Capital Holdings's Sloan Ratio % falls into.
Macrolink Capital 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.
Macrolink Capital Holdings's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was -16.329 (Dec. 2022 ) + 3.588 (Jun. 2023 ) = HK$-12.7 Mil.
Macrolink Capital Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was -47.27 (Dec. 2022 ) + 9.55 (Jun. 2023 ) = HK$-37.7 Mil.
Macrolink Capital Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was 31.339 (Dec. 2022 ) + -0.398 (Jun. 2023 ) = HK$30.9 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.
Macrolink Capital Holdings (HKSE:00758) 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 Jun. 2023, Macrolink Capital Holdings has a Sloan Ratio of -2.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Macrolink Capital Holdings Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Macrolink Capital Holdings's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Macrolink Capital Holdings (HKSE:00758) Business Description
Macrolink Capital Holdings Ltd is an investment holding company. It comprises the following main business segments: Property investment and development segment engages in the leasing and sale of properties; Property management services provides property management services; Securities investments segment engages in investing in listed securities; the Trading of mineral concentrates segment; the Coal mining segment engages in the exploration and development of coal mine concessions and sale of coal, and the other segment engages in the sale of parts of mining equipment and provision of aircraft sub-leasing services. The company receives maximum revenue from the Trading of mineral concentrates segment in the PRC.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:00758 has been successfully added to your 