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Rofin-Sinar Technologies (Rofin-Sinar Technologies) Sloan Ratio % : 2.62% (As of Jun. 2016)


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What is Rofin-Sinar Technologies Sloan Ratio %?

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.

Rofin-Sinar Technologies's Sloan Ratio for the quarter that ended in Jun. 2016 was 2.62%.

As of Jun. 2016, Rofin-Sinar Technologies has a Sloan Ratio of 2.62%, indicating the company is in the safe zone and there is no funny business with accruals.


Rofin-Sinar Technologies Sloan Ratio % Historical Data

The historical data trend for Rofin-Sinar Technologies'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.

* Premium members only.

Rofin-Sinar Technologies Sloan Ratio % Chart

Rofin-Sinar Technologies Annual Data
Trend Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.90 7.96 -0.96 2.01 -0.05

Rofin-Sinar Technologies Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.54 -0.05 0.05 2.64 2.62

Competitive Comparison of Rofin-Sinar Technologies's Sloan Ratio %

For the Scientific & Technical Instruments subindustry, Rofin-Sinar Technologies'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.


Rofin-Sinar Technologies's Sloan Ratio % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Rofin-Sinar Technologies's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Rofin-Sinar Technologies's Sloan Ratio % falls into.



Rofin-Sinar Technologies 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.

Rofin-Sinar Technologies's Sloan Ratio for the fiscal year that ended in Sep. 2015 is calculated as

Sloan Ratio=(Net Income (A: Sep. 2015 )-Cash Flow from Operations (A: Sep. 2015 )
-Cash Flow from Investing (A: Sep. 2015 ))/Total Assets (A: Sep. 2015 )
=(41.258-68.579
--26.938)/706.491
=-0.05%

Rofin-Sinar Technologies's Sloan Ratio for the quarter that ended in Jun. 2016 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2016 )
=(33.407-26.398
--11.76)/717.575
=2.62%

Rofin-Sinar Technologies's Net Income for the trailing twelve months (TTM) ended in Jun. 2016 was 14.796 (Sep. 2015 ) + 6.547 (Dec. 2015 ) + 0.529 (Mar. 2016 ) + 11.535 (Jun. 2016 ) = $33.4 Mil.
Rofin-Sinar Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2016 was 10.791 (Sep. 2015 ) + -0.831 (Dec. 2015 ) + 2.345 (Mar. 2016 ) + 14.093 (Jun. 2016 ) = $26.4 Mil.
Rofin-Sinar Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2016 was -2.808 (Sep. 2015 ) + 0.727 (Dec. 2015 ) + -9.135 (Mar. 2016 ) + -0.544 (Jun. 2016 ) = $-11.8 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.


Rofin-Sinar Technologies  (NAS:RSTI) 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 Jun. 2016, Rofin-Sinar Technologies has a Sloan Ratio of 2.62%, indicating the company is in the safe zone and there is no funny business with accruals.


Rofin-Sinar Technologies Sloan Ratio % Related Terms

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Rofin-Sinar Technologies (Rofin-Sinar Technologies) Business Description

Traded in Other Exchanges
N/A
Address
Rofin-Sinar Technologies Inc was incorporated in 1996 under the laws of the State of Delaware. The Company is engaged in the design, development, engineering, manufacturing and marketing of laser-based system solutions for industrial material processing applications which include cutting, welding and marking various materials. Lasers are a non-contact technology for material processing, which have several advantages compared to conventional manufacturing tools that are desirable in industrial applications. The Company's lasers deliver beam at guaranteed power outputs and feature compact design, high processing speed, flexibility, low operating and maintenance costs, and easy integration into the customers production process. Through its manufacturing, distribution and service network, the Company provides laser sources and laser-based system solutions to various markets such as the machine tool, automotive, the semiconductor, electronics, and photovoltaic industries. The Company sells directly to end-users and to original equipment manufacturers that integrate its laser sources with other system components. Some of its competitors are Trumpf, Fanuc, Synrad, Coherent, Laserline and Jenoptik. The Company is subject to many governmental regulations, including but not limited to the laser radiation safety regulations of the Radiation Control for Health and Safety Act administered by the National Center for Devices and Radiological Health, a branch of the United States Food and Drug Administration. Among other things, these regulations require them to file annual reports, to maintain quality control and sales records, to perform product testing, to distribute appropriate operating manuals, to conduct safety reviews, to incorporate design and operating features in products sold to end users, and to certify and label products.
Executives
Thomas Merk officer: President & CEO PETERSBRUNNER STRABE 1B STARNBERG 2M 82319
Gary K Willis director 3 MATSON RIDGE, OLD LYME CT 06371

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