What is Ever Sunshine Services Group 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.
As of Dec. 2023, Ever Sunshine Services Group has a Sloan Ratio of -6.79%, indicating the company is in the safe zone and there is no funny business with accruals.
Ever Sunshine Services Group 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 Ever Sunshine Services Group's Sloan Ratio %
For the Real Estate Services subindustry, Ever Sunshine Services Group'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.
Ever Sunshine Services Group's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Ever Sunshine Services Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ever Sunshine Services Group's Sloan Ratio % falls into.
Ever Sunshine Services Group 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.
Ever Sunshine Services Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 262.983 (Jun. 2023 ) + 212.234 (Dec. 2023 ) = HK$475 Mil.
Ever Sunshine Services Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 109.468 (Jun. 2023 ) + 889.265 (Dec. 2023 ) = HK$999 Mil.
Ever Sunshine Services Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 157.628 (Jun. 2023 ) + -25.463 (Dec. 2023 ) = HK$132 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.
Ever Sunshine Services Group (HKSE:01995) 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 Dec. 2023, Ever Sunshine Services Group has a Sloan Ratio of -6.79%, indicating the company is in the safe zone and there is no funny business with accruals.
Ever Sunshine Services Group Sloan Ratio % Related Terms
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Ever Sunshine Services Group (HKSE:01995) Business Description
CIFI Ever Sunshine Services Group Ltd is a property management service provider in China. The company's property portfolio includes residential and non-residential properties such as offices, shopping malls, schools, and government buildings. The firm operates in three business lines, namely, property management services, community value-added services, and value-added services to non-property owners. It provides its property management services in China from where it generates the maximum revenue.
Ever Sunshine Services Group (HKSE:01995) Headlines
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