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Vimicro International (Vimicro International) Sloan Ratio % : 0.00% (As of Jun. 2015)


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What is Vimicro International 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.

Vimicro International's Sloan Ratio for the quarter that ended in Jun. 2015 was 0.00%.

As of Jun. 2015, Vimicro International has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Vimicro International Sloan Ratio % Historical Data

The historical data trend for Vimicro International'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.

Vimicro International Sloan Ratio % Chart

Vimicro International Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 -6.17 -3.70 8.13 7.72

Vimicro International Quarterly Data
Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15
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 - - - - -

Competitive Comparison of Vimicro International's Sloan Ratio %

For the Semiconductors subindustry, Vimicro International'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.


Vimicro International's Sloan Ratio % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Vimicro International's Sloan Ratio % distribution charts can be found below:

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



Vimicro International 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.

Vimicro International's Sloan Ratio for the fiscal year that ended in Dec. 2014 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2014 )-Cash Flow from Operations (A: Dec. 2014 )
-Cash Flow from Investing (A: Dec. 2014 ))/Total Assets (A: Dec. 2014 )
=(4.697-2.074
--16.39)/246.367
=7.72%

Vimicro International's Sloan Ratio for the quarter that ended in Jun. 2015 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2015 )
=(8.757-0
-0)/282.834
=3.10%

Vimicro International's Net Income for the trailing twelve months (TTM) ended in Jun. 2015 was 3.328 (Sep. 2014 ) + 2.127 (Dec. 2014 ) + -1.983 (Mar. 2015 ) + 5.285 (Jun. 2015 ) = $8.8 Mil.
Vimicro International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2015 was 0 (Sep. 2014 ) + 0 (Dec. 2014 ) + 0 (Mar. 2015 ) + 0 (Jun. 2015 ) = $0.0 Mil.
Vimicro International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2015 was 0 (Sep. 2014 ) + 0 (Dec. 2014 ) + 0 (Mar. 2015 ) + 0 (Jun. 2015 ) = $0.0 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.


Vimicro International  (NAS:VIMC) 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. 2015, Vimicro International has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


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Vimicro International (Vimicro International) Business Description

Traded in Other Exchanges
N/A
Address
Vimicro International is one of China's leading semiconductor design companies. The firm makes mixed-signal multimedia chips used in PC, embedded notebook webcams, mobile phones, and video cameras. The firm recently launched a surveillance segment that provides comprehensive security systems to customers, bundling its chips with other hardware, software, and nonsoftware acquired from third party vendors. The company was founded in 1999.

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