QUA015Factor HubQuality FactorsLow
Revenue Quality Factor
Scores how conservatively revenue is recognized, via deferred income and receivables turns.
Formula
RevQual = ΔDeferredRev/Rev + RecTurnover_zscorePerformance (Top-30 equal-weight long, monthly rebalance)
Annualized return
8.16%
Sharpe ratio
0.50
Max drawdown
-29.75%
Total return
119.17%
Cumulative performance（2016-09 … 2026-08）
2016 -8.3%2017 -7.4%2018 +0.3%2019 +22.8%2020 +42.4%2021 +5.9%2022 +33.5%2023 -7.9%2024 +3.7%2025 +5.5%2026 +3.4%
Current top-30 holdings
| # | Ticker | Company | Score |
|---|---|---|---|
| 1 | ORCL | Oracle | 3.446 |
| 2 | MDB | MongoDB | 3.166 |
| 3 | ACN | Accenture | 2.770 |
| 4 | MSFT | Microsoft | 2.719 |
| 5 | MU | Micron Technology | 2.656 |
| 6 | DELL | Dell Technologies | 2.618 |
| 7 | NXPI | NXP Semiconductors | 2.598 |
| 8 | ADBE | Adobe | 2.446 |
| 9 | AVGO | Broadcom | 2.324 |
| 10 | WDAY | Workday | 2.297 |
| 11 | MRVL | Marvell Technology | 2.247 |
| 12 | AMD | Advanced Micro Devices | 2.147 |
| 13 | UNP | Union Pacific | 2.134 |
| 14 | ADI | Analog Devices | 2.117 |
| 15 | QCOM | Qualcomm | 2.093 |
| 16 | TDG | TransDigm | 1.996 |
| 17 | ANET | Arista Networks | 1.961 |
| 18 | AAPL | Apple | 1.925 |
| 19 | NET | Cloudflare | 1.914 |
| 20 | VRTX | Vertex Pharmaceuticals | 1.784 |
| 21 | ENTG | Entegris | 1.757 |
| 22 | NOW | ServiceNow | 1.752 |
| 23 | SYK | Stryker | 1.716 |
| 24 | ON | ON Semiconductor | 1.609 |
| 25 | CRM | Salesforce | 1.605 |
| 26 | EL | Estee Lauder | 1.542 |
| 27 | CHTR | Charter Communications | 1.441 |
| 28 | BSX | Boston Scientific | 1.425 |
| 29 | TMUS | T-Mobile US | 1.401 |
| 30 | PANW | Palo Alto Networks | 1.165 |
Holdings computed by the exact formula above at the latest month-end observation on the deterministic research panel (2026-08).
Data export
Exports include formulas, performance statistics, the 120-month series and current holdings — everything needed to replicate results locally.