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Peiport Holdings (Peiport Holdings) Sloan Ratio % : -0.35% (As of Dec. 2023)


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What is Peiport 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.

Peiport Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 was -0.35%.

As of Dec. 2023, Peiport Holdings has a Sloan Ratio of -0.35%, indicating the company is in the safe zone and there is no funny business with accruals.


Peiport Holdings Sloan Ratio % Historical Data

The historical data trend for Peiport 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.

* Premium members only.

Peiport Holdings Sloan Ratio % Chart

Peiport Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only 0.03 -1.90 -1.55 -0.55 -0.34

Peiport Holdings Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 -1.55 2.10 -0.57 1.87 -0.35

Competitive Comparison of Peiport Holdings's Sloan Ratio %

For the Security & Protection Services subindustry, Peiport 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.


Peiport Holdings's Sloan Ratio % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Peiport Holdings's Sloan Ratio % distribution charts can be found below:

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



Peiport 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.

Peiport 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 )
=(-0.418-1.885
--2.125)/52.346
=-0.34%

Peiport 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 )
=(-0.419-1.886
--2.12)/52.346
=-0.35%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Peiport Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 0.334 (Jun. 2023 ) + -0.753 (Dec. 2023 ) = $-0.42 Mil.
Peiport Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -0.479 (Jun. 2023 ) + 2.365 (Dec. 2023 ) = $1.89 Mil.
Peiport Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -1.381 (Jun. 2023 ) + -0.739 (Dec. 2023 ) = $-2.12 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.


Peiport Holdings  (OTCPK:PPRTF) 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, Peiport Holdings has a Sloan Ratio of -0.35%, indicating the company is in the safe zone and there is no funny business with accruals.


Peiport Holdings Sloan Ratio % Related Terms

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Peiport Holdings (Peiport Holdings) Business Description

Traded in Other Exchanges
Address
No. 29 Leighton Road, Suite 602, Chinachem Leighton Plaza, 6 Floor, Causeway Bay, Hong Kong, HKG
Peiport Holdings Ltd is engaged in the provision of thermal imaging products and services; self-stabilised imaging products and services; and general aviation products and services. The company's segments include thermal imaging products and services, self-stabilised imaging products and services, and general aviation products and services. The products and services in thermal imaging segment are divided into three categories products under its own brand name, PTi; products of other brands; and thermal imaging inspection services. It operates in Mainland China, Hong Kong and Macau, and Overseas, with majority of the revenue deriving from Mainland China.

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