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.
InteliCare Holdings's Sloan Ratio for the quarter that ended in Jun. 2024 was 0.00%.
As of Jun. 2024, InteliCare Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
InteliCare Holdings Sloan Ratio % Historical Data
The historical data trend for InteliCare Holdings'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 InteliCare Holdings's Sloan Ratio %
For the Health Information Services subindustry, InteliCare Holdings'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.
InteliCare Holdings's Sloan Ratio % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, InteliCare Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where InteliCare Holdings's Sloan Ratio % falls into.
InteliCare Holdings 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.
InteliCare Holdings's Sloan Ratio for the fiscal year that ended in Jun. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
InteliCare Holdings's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was -0.662 (Dec. 2023 ) + -1.597 (Jun. 2024 ) = A$-2.26 Mil.
InteliCare Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was -0.472 (Dec. 2023 ) + -1.186 (Jun. 2024 ) = A$-1.66 Mil.
InteliCare Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was 0 (Dec. 2023 ) + 0 (Jun. 2024 ) = A$0.00 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.
InteliCare Holdings (ASX:ICR) 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 Jun. 2024, InteliCare Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
InteliCare Holdings Sloan Ratio % Related Terms
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InteliCare Holdings Ltd is an Australian firm engaged in healthcare solutions through hardware, software service packaging which supports aging or disabled persons. Its platform provides families and caregivers with a real-time view of the well-being of people in an independent living environment. Business software uses discreet sensors that are placed around the home, in doorways and on key appliances, designed to gather information on movement, activity levels, temperature and more, to relay information about behaviour such as sleeping patterns, social outings, meal preparation, any potential health issues etc. The product portfolio includes InteliCare Hub, Smart sensors, Downloadable Applications, and Optional Duress Pendants. Substantial revenue comes from hardware sales.
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