Is SHINECO, INC. (SISI) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 13067.2% / 30% | 161.3% / 30% | 3900.2% / 30% | 149.19% / 5% | ✗ NOT HALAL |
| DJIM | 13067.2% / 33% | 161.3% / 33% | 3900.2% / 33% | 149.19% / 5% | ✗ NOT HALAL |
| MSCI | 35.2% / 33% | 0.4% / 33% | 10.5% / 33% | 149.19% / 5% | ✗ NOT HALAL |
| S&P | 13067.2% / 33% | 161.3% / 33% | 3900.2% / 33% | 149.19% / 5% | ✗ NOT HALAL |
| FTSE | 35.2% / 33% | 0.4% / 33% | 10.5% / 50% | 149.19% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 8.0% | |
| Operating Margin | -9178.8% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -82.9% | |
| Return on Assets (ROA) | -10.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$4M |
| Free Cash Flow | -$4M |
| Total Debt | $30M |
| Debt-to-Equity | 45.3 |
| Current Ratio | 0.7 |
| Total Assets | $84M |
Price & Trading
| Last Close | $0.25 |
| 50-Day MA | $0.25 |
| 200-Day MA | $3.64 |
| Avg Volume | 1K |
| Beta | -1.4 |
|
52-Week Range
$0.00
| |
About SHINECO, INC. (SISI)
Shineco, Inc., through its subsidiaries, plants, processes, and distributes agricultural produce. The company also engages in the development, production, and distribution of diagnostic products and related medical devices; trading of fresh fruits; and processing, producing, and distribution of silk and silk fabrics, as well as other by-products. In addition, it operates a restaurant in Fuzhou. The company was formerly known as Beijing Tenet Jove Technological Development Co., Ltd. Shineco, Inc. was incorporated in 1997 and is based in Beijing, the People's Republic of China.
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Frequently Asked Questions
Is SHINECO, INC. (SISI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SHINECO, INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is SHINECO, INC.'s debt ratio?
SHINECO, INC.'s debt ratio is 13067.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 35.2%.
What are SHINECO, INC.'s key financial metrics?
SHINECO, INC. has a market capitalization of $226,954, and revenue of $10M. Return on equity stands at -82.9%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.