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GME Group Holdings (HKSE:08188) Sloan Ratio % : 0.00% (As of Dec. 2023)


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What is GME Group Holdings 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.

GME Group Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.

Warning Sign:

When sloan ratio (31.1)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Dec. 2023, GME Group Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


GME Group Holdings Sloan Ratio % Historical Data

The historical data trend for GME Group Holdings'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.

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GME Group Holdings Sloan Ratio % Chart

GME Group Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.73 11.63 15.69 17.14 31.10

GME Group Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of GME Group Holdings's Sloan Ratio %

For the Engineering & Construction subindustry, GME Group 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.


GME Group Holdings's Sloan Ratio % Distribution in the Construction Industry

For the Construction industry and Industrials sector, GME Group Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where GME Group Holdings's Sloan Ratio % falls into.



GME Group 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.

GME Group Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(61.479--15.255
--8.203)/273.097
=31.10%

GME Group Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(61.479-0
-0)/273.097
=22.51%

GME Group Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 1.203 (Mar. 2023 ) + 2.973 (Jun. 2023 ) + 0.314 (Sep. 2023 ) + 56.989 (Dec. 2023 ) = HK$61.5 Mil.
GME Group Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = HK$0.0 Mil.
GME Group Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = HK$0.0 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.


GME Group Holdings  (HKSE:08188) 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 Dec. 2023, GME Group Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


GME Group Holdings Sloan Ratio % Related Terms

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GME Group Holdings (HKSE:08188) Business Description

Traded in Other Exchanges
N/A
Address
148 Electric Road, Room 1001-2, 10th Floor, Hong Kong, HKG
GME Group Holdings Ltd along with its subsidiaries is engaged in providing underground construction services in Hong Kong. Tunnel construction services include excavation, shortening, shutter design and fabrication, tunnel lining services, shafts, advanced and structural works; and utility construction that includes mainly underground public utility works such as road and drainage works and others that include mainly structural works and construction of service buildings and support structure. It also provides program design, costing, and management for underground construction services. It derives all of its revenue from Hong Kong.
Executives
Ng Kwok Lun 2101 Beneficial owner
Chuang Chun Ngok Boris 2103 Interests held jointly with another person
Chuang Wei Chu 2103 Interests held jointly with another person
Chuang Yau Ka 2103 Interests held jointly with another person
To Yin Ping 2101 Beneficial owner

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