What is ZW Data Action 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.
* 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.
Competitive Comparison of ZW Data Action Technologies's Sloan Ratio %
For the Advertising Agencies subindustry, ZW Data Action 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.
ZW Data Action Technologies's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, ZW Data Action Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where ZW Data Action Technologies's Sloan Ratio % falls into.
ZW Data Action 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.
ZW Data Action Technologies's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -4.52 (Dec. 2022 ) + -1.143 (Mar. 2023 ) + -1.403 (Jun. 2023 ) + -1.52 (Sep. 2023 ) = $-8.59 Mil.
ZW Data Action Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 1.22 (Dec. 2022 ) + -0.916 (Mar. 2023 ) + 0.054 (Jun. 2023 ) + -0.674 (Sep. 2023 ) = $-0.32 Mil.
ZW Data Action Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 1.031 (Dec. 2022 ) + -1.877 (Mar. 2023 ) + 0.415 (Jun. 2023 ) + -0.037 (Sep. 2023 ) = $-0.47 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.
ZW Data Action Technologies (NAS:CNET) 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. 2023, ZW Data Action Technologies has a Sloan Ratio of -52.79%, indicating earnings are more likely to be made up of accruals.
ZW Data Action Technologies Sloan Ratio % Related Terms
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ZW Data Action Technologies (ZW Data Action Technologies) Business Description
ZW Data Action Technologies Inc is engaged in providing Internet advertising, precision marketing, e-commerce online to offline (O2O) advertising and marketing services as well as the related data and technical services to small and medium enterprises in the PRC. It offers a variety channels of advertising and marketing services through its system, including distribution of the right to use search engine marketing services, provision of online advertising placements on its web portals, provision of ecommerce O2O advertising and marketing services and provision of other related value-added data and technical services to maximize market exposure and effectiveness for clients.
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