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DATATRAK International (DATATRAK International) Sloan Ratio % : 29.81% (As of Jun. 2018)


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What is DATATRAK 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.

DATATRAK International's Sloan Ratio for the quarter that ended in Jun. 2018 was 29.81%.

As of Jun. 2018, DATATRAK International has a Sloan Ratio of 29.81%, indicating earnings are more likely to be made up of accruals.


DATATRAK International Sloan Ratio % Historical Data

The historical data trend for DATATRAK 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.

DATATRAK International Sloan Ratio % Chart

DATATRAK International Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec12 Dec13 Dec14
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.52 -380.65 - -9.78 -27.76

DATATRAK International Quarterly Data
Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Dec12 Dec13 Sep14 Dec14 Sep15 Mar17 Jun17 Mar18 Jun18
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 - - - - 29.81

Competitive Comparison of DATATRAK International's Sloan Ratio %

For the Health Information Services subindustry, DATATRAK 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.


DATATRAK International's Sloan Ratio % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, DATATRAK International's Sloan Ratio % distribution charts can be found below:

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



DATATRAK 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.

DATATRAK 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 )
=(-1.293-1.011
--0.587)/6.185
=-27.76%

DATATRAK International's Sloan Ratio for the quarter that ended in Jun. 2018 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2018 )
=(-0.161--1.134
--0.521)/5.012
=29.81%

DATATRAK International's Net Income for the trailing twelve months (TTM) ended in Jun. 2018 was -0.315 (Mar. 2017 ) + 0.104 (Jun. 2017 ) + -0.11 (Mar. 2018 ) + 0.16 (Jun. 2018 ) = $-0.16 Mil.
DATATRAK International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2018 was -0.71 (Mar. 2017 ) + -0.267 (Jun. 2017 ) + 0.163 (Mar. 2018 ) + -0.32 (Jun. 2018 ) = $-1.13 Mil.
DATATRAK International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2018 was -0.101 (Mar. 2017 ) + -0.104 (Jun. 2017 ) + -0.153 (Mar. 2018 ) + -0.163 (Jun. 2018 ) = $-0.52 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.


DATATRAK International  (OTCPK:DTRK) 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. 2018, DATATRAK International has a Sloan Ratio of 29.81%, indicating earnings are more likely to be made up of accruals.


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DATATRAK International (DATATRAK International) Business Description

Traded in Other Exchanges
N/A
Address
3690 Orange Place, Suite 375, Beachwood, OH, USA, 44122
DATATRAK International Inc is a technology and services company that delivers eClinical solutions for the clinical trials industry. The services provided by the company include training services, cloud delivery, a learning center, trial design services, and others. The clinical solutions provided by the company include CTMS, EDC and Medical Coding, Risk-Based Monitoring, Randomization, and Medical Imaging Capture, and Training.
Executives
Raymond J. Merk officer: VP of Finance,CFO & Treasurer C/O RPT REALTY, 31500 NORTHWESTERN HIGHWAY, SUITE 300, FARMINGTON HILLS MI 48334
Mark J Ratain director 5841 S MARYLAND AVE MC2115, CHICAGO IL 60637
Robert E Flaherty director 377 PLANTATION ST, WORCESTER MA 01605