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IDT (IDT) Sloan Ratio % : -0.18% (As of Jan. 2024)


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What is IDT 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.

IDT's Sloan Ratio for the quarter that ended in Jan. 2024 was -0.18%.

As of Jan. 2024, IDT has a Sloan Ratio of -0.18%, indicating the company is in the safe zone and there is no funny business with accruals.


IDT Sloan Ratio % Historical Data

The historical data trend for IDT'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.

IDT Sloan Ratio % Chart

IDT Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.26 20.63 14.42 6.32 3.88

IDT Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 4.86 7.49 3.88 3.96 -0.18

Competitive Comparison of IDT's Sloan Ratio %

For the Telecom Services subindustry, IDT'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.


IDT's Sloan Ratio % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, IDT's Sloan Ratio % distribution charts can be found below:

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



IDT 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.

IDT's Sloan Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Sloan Ratio=(Net Income (A: Jul. 2023 )-Cash Flow from Operations (A: Jul. 2023 )
-Cash Flow from Investing (A: Jul. 2023 ))/Total Assets (A: Jul. 2023 )
=(40.492-54.14
--33.459)/510.81
=3.88%

IDT's Sloan Ratio for the quarter that ended in Jan. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jan. 2024 )
=(36.951-58.247
--20.363)/521.778
=-0.18%

IDT's Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was 6.89 (Apr. 2023 ) + 7.977 (Jul. 2023 ) + 7.659 (Oct. 2023 ) + 14.425 (Jan. 2024 ) = $37 Mil.
IDT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2024 was -6.917 (Apr. 2023 ) + 25.441 (Jul. 2023 ) + 14.79 (Oct. 2023 ) + 24.933 (Jan. 2024 ) = $58 Mil.
IDT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2024 was -14.882 (Apr. 2023 ) + -7.401 (Jul. 2023 ) + 4.323 (Oct. 2023 ) + -2.403 (Jan. 2024 ) = $-20 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.


IDT  (NYSE:IDT) 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 Jan. 2024, IDT has a Sloan Ratio of -0.18%, indicating the company is in the safe zone and there is no funny business with accruals.


IDT Sloan Ratio % Related Terms

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IDT (IDT) Business Description

Traded in Other Exchanges
Address
520 Broad Street, Newark, NJ, USA, 07102
IDT Corp is a multinational holding company. It primarily operates in the telecommunications and payment industries. It has four reportable business segments, Fintech, National Retail Solutions & net2phone and Traditional Communications, The Fintech segment is comprised of National Retail Solutions (NRS), an operator of a nationwide point of sale (POS) network providing payment processing, digital advertising, transaction data, and ancillary services, and BOSS Money, a provider of international money remittance and related value/payment transfer services. The net2phone segment provides unified cloud communications and telephony services to business customers.
Executives
Marcelo Fischer officer: Chief Acct. Offcr. &Controller IDT CORP, 520 BROAD STREET, NEWARK NJ 07102
Eric F. Cosentino director C/O IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102
Joyce J Mason director, officer: SVP and Secretary IDT CORP, 520 BROAD STREET, NEWARK NJ 07102
Nadine Shea officer: EVP of GLOBAL HUMAN RESOURCES C/O IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102
Howard S Jonas director, 10 percent owner, officer: Chairman of the Board
Bill Pereira officer: EVP of Finance 520 BROAD STREET, NEWARK NJ 07102
David Wartell officer: CHIEF TECHNOLOGY OFFICER C/O IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102
Mitch Silberman officer: CAO & Controller C/O IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102
Liora Stein director C/O IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102
Judah Schorr director C/O IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102
Hsj 2019 Idt Annuity Trust Ii 10 percent owner C/O IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102
Anthony S Davidson officer: SVP - Technology C/O IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102
Bathgate Lawrence E Ii director C/O IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102
Michael Chenkin director C/O IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102
Menachem Ash officer: EVP of Strategic&Legal Affairs C/O IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102

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