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.
Rykadan Capital's Sloan Ratio for the quarter that ended in Sep. 2023 was -9.64%.
As of Sep. 2023, Rykadan Capital has a Sloan Ratio of -9.64%, indicating the company is in the safe zone and there is no funny business with accruals.
Rykadan Capital Sloan Ratio % Historical Data
The historical data trend for Rykadan Capital'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.
Competitive Comparison of Rykadan Capital's Sloan Ratio %
For the Real Estate - Development subindustry, Rykadan Capital'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.
Rykadan Capital's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Rykadan Capital's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Rykadan Capital's Sloan Ratio % falls into.
Rykadan Capital 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.
Rykadan Capital's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Rykadan Capital's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -138.777 (Mar. 2023 ) + -58.61 (Sep. 2023 ) = HK$-197.39 Mil.
Rykadan Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -131.627 (Mar. 2023 ) + -37.527 (Sep. 2023 ) = HK$-169.15 Mil.
Rykadan Capital's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 114.714 (Mar. 2023 ) + -16.323 (Sep. 2023 ) = HK$98.39 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.
Rykadan Capital (HKSE:02288) 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, Rykadan Capital has a Sloan Ratio of -9.64%, indicating the company is in the safe zone and there is no funny business with accruals.
Rykadan Capital Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Rykadan Capital's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rykadan Capital Ltd is an investment holding company. Its businesses are Property development, Property investment, Asset investment and fund management, and Distribution of construction and interior decorative materials. The key revenue is derived from the Property development segment which comprises repositioning and value enhancement of property with a focus on development projects in prime locations in Hong Kong, the United Kingdom, and the United States. Geographically, it derives a majority of revenue from the United Kingdom.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02288 has been successfully added to your 