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Computer Services (Computer Services) Sloan Ratio % : 5.10% (As of Aug. 2022)


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What is Computer Services 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.

Computer Services's Sloan Ratio for the quarter that ended in Aug. 2022 was 5.10%.

As of Aug. 2022, Computer Services has a Sloan Ratio of 5.10%, indicating the company is in the safe zone and there is no funny business with accruals.


Computer Services Sloan Ratio % Historical Data

The historical data trend for Computer Services'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.

Computer Services Sloan Ratio % Chart

Computer Services Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.39 1.70 3.57 4.81 1.81

Computer Services Quarterly Data
Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22
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 2.63 1.41 1.81 1.72 5.10

Competitive Comparison of Computer Services's Sloan Ratio %

For the Information Technology Services subindustry, Computer Services'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.


Computer Services's Sloan Ratio % Distribution in the Software Industry

For the Software industry and Technology sector, Computer Services's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Computer Services's Sloan Ratio % falls into.



Computer Services 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.

Computer Services's Sloan Ratio for the fiscal year that ended in Feb. 2022 is calculated as

Sloan Ratio=(Net Income (A: Feb. 2022 )-Cash Flow from Operations (A: Feb. 2022 )
-Cash Flow from Investing (A: Feb. 2022 ))/Total Assets (A: Feb. 2022 )
=(61.856-70.084
--16.108)/434.903
=1.81%

Computer Services's Sloan Ratio for the quarter that ended in Aug. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Aug. 2022 )
=(60.014-66.907
--30.421)/461.12
=5.10%

Computer Services's Net Income for the trailing twelve months (TTM) ended in Aug. 2022 was 16.216 (Nov. 2021 ) + 16.71 (Feb. 2022 ) + 14.743 (May. 2022 ) + 12.345 (Aug. 2022 ) = $60.0 Mil.
Computer Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Aug. 2022 was 16.118 (Nov. 2021 ) + 14.342 (Feb. 2022 ) + 27.468 (May. 2022 ) + 8.979 (Aug. 2022 ) = $66.9 Mil.
Computer Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Aug. 2022 was -1.415 (Nov. 2021 ) + -6.618 (Feb. 2022 ) + -5.019 (May. 2022 ) + -17.369 (Aug. 2022 ) = $-30.4 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.


Computer Services  (OTCPK:CSVI) 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 Aug. 2022, Computer Services has a Sloan Ratio of 5.10%, indicating the company is in the safe zone and there is no funny business with accruals.


Computer Services Sloan Ratio % Related Terms

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Computer Services (Computer Services) Business Description

Traded in Other Exchanges
N/A
Address
3901 Technology Drive, Paducah, KY, USA, 42001-5201
Computer Services Inc (CSI) is a customer service company that delivers technology solutions to banks, financial institutions, and other businesses nationwide. The company offers services related to bank and payment processing, cloud-based banking security, mobile and internet solutions, electronic distribution, regulatory compliance, and managed services. Its operating segment includes Enterprise Banking Group (EBG) and Business Solutions Group (BSG). The company generates maximum revenue from EBG segment.