Sheng Siong Group’s (SGX:OV8) Solid Earnings Have Been Accounted For Conservatively
Sheng Siong Group Ltd’s (SGX:OV8) solid earnings announcement recently didn’t do much to the stock price. Our analysis suggests that shareholders might be missing some positive underlying factors in the earnings report.
In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. This ratio tells us how much of a…
