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Imagine Un (ASX:IUL) Sloan Ratio % : 0.00% (As of Jun. 2009)


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What is Imagine Un 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.

Imagine Un's Sloan Ratio for the quarter that ended in Jun. 2009 was 0.00%.

As of Jun. 2009, Imagine Un has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Imagine Un Sloan Ratio % Historical Data

The historical data trend for Imagine Un'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.

Imagine Un Sloan Ratio % Chart

Imagine Un Annual Data
Trend Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.08 -56.30 -0.05 -1,450.55 -1,291.49

Imagine Un Quarterly Data
Jun97 Jun99 Jun00 Jun01 Jun02 Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.12 96.05 41.29 1,163.08 -

Competitive Comparison of Imagine Un's Sloan Ratio %

For the Software - Application subindustry, Imagine Un'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.


Imagine Un's Sloan Ratio % Distribution in the Software Industry

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

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



Imagine Un 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.

Imagine Un's Sloan Ratio for the fiscal year that ended in Jun. 2009 is calculated as

Sloan Ratio=(Net Income (A: Jun. 2009 )-Cash Flow from Operations (A: Jun. 2009 )
-Cash Flow from Investing (A: Jun. 2009 ))/Total Assets (A: Jun. 2009 )
=(-4.553--2.124
--0.001)/0.188
=-1,291.49%

Imagine Un's Sloan Ratio for the quarter that ended in Jun. 2009 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2009 )
=(0--4.993
--0.812)/0.188
=3,087.77%

Imagine Un's Net Income for the trailing twelve months (TTM) ended in Jun. 2009 was 0 (Jun. 2006 ) + 0 (Jun. 2007 ) + 0 (Jun. 2008 ) + 0 (Jun. 2009 ) = A$0.00 Mil.
Imagine Un's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2009 was -0.293 (Jun. 2006 ) + -1.048 (Jun. 2007 ) + -2.787 (Jun. 2008 ) + -0.865 (Jun. 2009 ) = A$-4.99 Mil.
Imagine Un's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2009 was -0.067 (Jun. 2006 ) + -0.747 (Jun. 2007 ) + 0.002 (Jun. 2008 ) + 0 (Jun. 2009 ) = A$-0.81 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.


Imagine Un  (ASX:IUL) 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. 2009, Imagine Un has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Imagine Un Sloan Ratio % Related Terms

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Imagine Un (ASX:IUL) Business Description

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Imagine Un Limited (IUL) provides information technology and distribution services to both residential customers and small and medium sized business. Essential services membership is also available to residential members.

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