Ultrapay Limited (ASX:ULT) Sloan Ratio % : -226.72% (As of Dec. 2006)

Ultrapay Limited Sloan Ratio % Chart

Ultrapay Limited Annual Data
	Trend	Jun97	Jun98	Jun99	Jun00	Jun01	Jun02	Jun03	Jun04	Jun05	Jun06
Sloan Ratio %		Get a 7-Day Free Trial					-80.66	-11.82	14.58	11.33	-128.68

Ultrapay Limited Semi-Annual Data
	Dec96	Jun97	Dec98	Jun99	Dec99	Jun00	Dec00	Jun01	Dec01	Jun02	Dec02	Jun03	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06
Sloan Ratio %	Get a 7-Day Free Trial														11.20	11.33	7.95	-128.67	-226.72

Competitive Comparison of Ultrapay Limited's Sloan Ratio %

For the Consumer Electronics subindustry, Ultrapay Limited'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.

Ultrapay Limited's Sloan Ratio % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ultrapay Limited's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Ultrapay Limited's Sloan Ratio % falls into.

Ultrapay Limited 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.

Ultrapay Limited's Sloan Ratio for the fiscal year that ended in Jun. 2006 is calculated as

Ultrapay Limited's Sloan Ratio for the quarter that ended in Dec. 2006 is calculated as

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Ultrapay Limited's Net Income for the trailing twelve months (TTM) ended in Dec. 2006 was -11.124 (Jun. 2006 ) + -5.157 (Dec. 2006 ) = A$-16.28 Mil.
Ultrapay Limited's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2006 was -1.519 (Jun. 2006 ) + -1.86 (Dec. 2006 ) = A$-3.38 Mil.
Ultrapay Limited's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2006 was 1.272 (Jun. 2006 ) + 0.087 (Dec. 2006 ) = A$1.36 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.

Ultrapay Limited  (ASX:ULT) 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. 2006, Ultrapay Limited has a Sloan Ratio of -226.72%, indicating earnings are more likely to be made up of accruals.

Ultrapay Limited Sloan Ratio % Related Terms

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Ultrapay Limited (ASX:ULT) Business Description