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.
As of Jan. 2023, Freedom Internet Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Freedom Internet Group Sloan Ratio % Historical Data
* 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 Freedom Internet Group's Sloan Ratio %
For the Asset Management subindustry, Freedom Internet Group'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.
Freedom Internet Group's Sloan Ratio % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Freedom Internet Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Freedom Internet Group's Sloan Ratio % falls into.
Freedom Internet Group 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.
Freedom Internet Group's Sloan Ratio for the fiscal year that ended in Oct. 2022 is calculated as
Freedom Internet Group's Net Income for the trailing twelve months (TTM) ended in Jan. 2023 was -0.075 (Apr. 2022 ) + -0.08 (Jul. 2022 ) + -0.139 (Oct. 2022 ) + -0.043 (Jan. 2023 ) = $-0.34 Mil.
Freedom Internet Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2023 was -0.054 (Apr. 2022 ) + -0.047 (Jul. 2022 ) + -0.046 (Oct. 2022 ) + -0.037 (Jan. 2023 ) = $-0.18 Mil.
Freedom Internet Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2023 was -0.003 (Apr. 2022 ) + 0.07 (Jul. 2022 ) + 0 (Oct. 2022 ) + 0 (Jan. 2023 ) = $0.07 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.
Freedom Internet Group (OTCPK:FIGI) 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 Jan. 2023, Freedom Internet Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Freedom Internet Group Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Freedom Internet Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Freedom Internet Group (Freedom Internet Group) Business Description
Freedom Internet Group Inc is engaged in the business of acquiring, holding, and managing royalty interests derived from Internet-based businesses, referred to as operators. The purchase of royalty interests by a company enables entrepreneurs to raise non-dilutive capital and retain control of their businesses. The company generates revenue from physical or digital product sales, subscriptions, and advertising.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FIGI has been successfully added to your 