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.
Xplore Technologies's Sloan Ratio for the quarter that ended in Mar. 2018 was 27.97%.
As of Mar. 2018, Xplore Technologies has a Sloan Ratio of 27.97%, indicating earnings are more likely to be made up of accruals.
Xplore Technologies Sloan Ratio % Historical Data
The historical data trend for Xplore 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.
Competitive Comparison of Xplore Technologies's Sloan Ratio %
For the Computer Hardware subindustry, Xplore 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.
Xplore Technologies's Sloan Ratio % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Xplore Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Xplore Technologies's Sloan Ratio % falls into.
Xplore 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.
Xplore Technologies's Sloan Ratio for the fiscal year that ended in Mar. 2018 is calculated as
Xplore Technologies's Net Income for the trailing twelve months (TTM) ended in Mar. 2018 was 0.239 (Jun. 2017 ) + 0.397 (Sep. 2017 ) + 0.302 (Dec. 2017 ) + -0.638 (Mar. 2018 ) = $0.30 Mil.
Xplore Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2018 was -5.378 (Jun. 2017 ) + -5.404 (Sep. 2017 ) + -6.161 (Dec. 2017 ) + 0.675 (Mar. 2018 ) = $-16.27 Mil.
Xplore Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2018 was -0.532 (Jun. 2017 ) + -0.323 (Sep. 2017 ) + -0.059 (Dec. 2017 ) + -0.301 (Mar. 2018 ) = $-1.22 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.
Xplore Technologies (NAS:XPLR) 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 Mar. 2018, Xplore Technologies has a Sloan Ratio of 27.97%, indicating earnings are more likely to be made up of accruals.
Xplore Technologies Sloan Ratio % Related Terms
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Xplore Technologies (Xplore Technologies) Business Description
Xplore Technologies Corp is engaged in the development, integration, and marketing of rugged mobile personal computer systems, or PCs. Company's rugged tablet PCs are designed to withstand hazardous conditions, such as extreme temperatures, driving rain, repeated vibrations, dirt, dust and concussive shocks. The intrinsically safe, ruggedized and reliable nature of its products facilitates the extension of traditional computing systems to a broader range of field personnel, including energy pipeline inspectors, public safety responders, warehouse workers and pharmaceutical scientists. The group's direct customers primarily consist of distribution companies, such as computer companies, specialized system integrators, software vendors, distributors and value-added resellers.
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