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.
Move's Sloan Ratio for the quarter that ended in Sep. 2014 was -6.18%.
As of Sep. 2014, Move has a Sloan Ratio of -6.18%, indicating the company is in the safe zone and there is no funny business with accruals.
Move Sloan Ratio % Historical Data
The historical data trend for Move'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.
For the Internet Content & Information subindustry, Move'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.
Move's Sloan Ratio % Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Move's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Move's Sloan Ratio % falls into.
Move 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.
Move's Sloan Ratio for the fiscal year that ended in Dec. 2013 is calculated as
Move's Net Income for the trailing twelve months (TTM) ended in Sep. 2014 was 0.051 (Dec. 2013 ) + -3.747 (Mar. 2014 ) + -4.632 (Jun. 2014 ) + -6.697 (Sep. 2014 ) = €-15.0 Mil.
Move's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2014 was 8.685 (Dec. 2013 ) + 2.291 (Mar. 2014 ) + 1.919 (Jun. 2014 ) + 4.375 (Sep. 2014 ) = €17.3 Mil.
Move's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2014 was -5.518 (Dec. 2013 ) + -4.144 (Mar. 2014 ) + -2.772 (Jun. 2014 ) + -8.236 (Sep. 2014 ) = €-20.7 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.
Move (FRA:HMZN) 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.
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 Sep. 2014, Move has a Sloan Ratio of -6.18%, indicating the company is in the safe zone and there is no funny business with accruals.
Move Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Move's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Move, Inc. was incorporated in the State of Delaware in 1993 under the name of InfoTouch Corporation. The Company and its subsidiaries operate an online network of websites for real estate information marketplace connecting consumers with the information and the expertise they need to make informed home buying, selling, financing and renting decisions. It provides consumers with a powerful combination of breadth, depth and accuracy of information about homes for sale, new construction, homes for rent, multi-family rental properties, senior living communities, home financing, home improvement and moving resources. Its flagship consumer web sites are REALTOR.com, Move.com and Moving.comTM. The Company also supplies management software and marketing services for real estate agents and brokers through its Top Producer and TigerLead businesses. The Company categorizes its products and services into two groups: Consumer Advertising and Software and Services. The Company's Consumer Advertising products are focused on providing real estate consumers with the information, tools and professional expertise they need to make informed home buying, selling, financing and renting decisions through its operation of realtor.com and other consumer-facing web sites. Realtor.com is the official web site of the National Association of Realtors (the "NAR"), the largest trade association in the U.S. that represents residential and commercial real estate professionals, including brokers, agents, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry. The Company's Software and Services products are committed to delivering valuable connections to real estate professionals by providing them with advertising systems, productivity and management tools, and reporting with the goal of helping to make them more successful. It separately operates several other websites providing single family and multi-family rental listings, senior housing and moving-related content and services to its consumer audience. Realtor.com competes in a highly fragmented and highly complex local real estate marketplace. Competition within realtor.com falls into two general categories: (i) online real estate media companies; and (ii) offline advertising offerings, including newspaper classifieds, direct mail and other traditional offline media. The Company has nine patents issued in the U.S.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FRA:HMZN has been successfully added to your 