GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Central Wireless Inc (OTCPK:CWIR) » Definitions » Sloan Ratio %

Central Wireless (Central Wireless) Sloan Ratio % : 0.00% (As of Sep. 2006)


View and export this data going back to . Start your Free Trial

What is Central Wireless 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.

Central Wireless's Sloan Ratio for the quarter that ended in Sep. 2006 was 0.00%.

As of Sep. 2006, Central Wireless has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Central Wireless Sloan Ratio % Historical Data

The historical data trend for Central Wireless'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.

Central Wireless Sloan Ratio % Chart

Central Wireless Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Sloan Ratio %
Get a 7-Day Free Trial - -179.49 - - -

Central Wireless Quarterly Data
Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06
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 Central Wireless's Sloan Ratio %

For the Telecom Services subindustry, Central Wireless'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.


Central Wireless's Sloan Ratio % Distribution in the Telecommunication Services Industry

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

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



Central Wireless 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.

Central Wireless's Sloan Ratio for the fiscal year that ended in Dec. 2005 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2005 )-Cash Flow from Operations (A: Dec. 2005 )
-Cash Flow from Investing (A: Dec. 2005 ))/Total Assets (A: Dec. 2005 )
=(-0.79--0.006
-0)/0
=%

Central Wireless's Sloan Ratio for the quarter that ended in Sep. 2006 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2006 )
=(-1.459-0.164
-0.054)/0
=%

Central Wireless's Net Income for the trailing twelve months (TTM) ended in Sep. 2006 was -0.103 (Dec. 2005 ) + -0.086 (Mar. 2006 ) + -1.18 (Jun. 2006 ) + -0.09 (Sep. 2006 ) = $-1.46 Mil.
Central Wireless's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2006 was 0.218 (Dec. 2005 ) + -0.018 (Mar. 2006 ) + -0.018 (Jun. 2006 ) + -0.018 (Sep. 2006 ) = $0.16 Mil.
Central Wireless's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2006 was 0 (Dec. 2005 ) + 0.018 (Mar. 2006 ) + 0.018 (Jun. 2006 ) + 0.018 (Sep. 2006 ) = $0.05 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.


Central Wireless  (OTCPK:CWIR) 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 Sep. 2006, Central Wireless has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Central Wireless Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Central Wireless's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Central Wireless (Central Wireless) Business Description

Traded in Other Exchanges
N/A
Address
123 15th Street South West, Albuquerque, NM, USA
Website
Central Wireless Inc is a development company.

Central Wireless (Central Wireless) Headlines

No Headlines