What is Total Access Communication PCL 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.
As of Dec. 2022, Total Access Communication PCL has a Sloan Ratio of -3.95%, indicating the company is in the safe zone and there is no funny business with accruals.
Total Access Communication PCL 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.
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Total Access Communication PCL Sloan Ratio % Chart
Competitive Comparison of Total Access Communication PCL's Sloan Ratio %
For the Telecom Services subindustry, Total Access Communication PCL'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.
Total Access Communication PCL's Sloan Ratio % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Total Access Communication PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Total Access Communication PCL's Sloan Ratio % falls into.
Total Access Communication PCL 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.
Total Access Communication PCL's Net Income for the trailing twelve months (TTM) ended in Dec. 2022 was 19.841 (Mar. 2022 ) + 27.192 (Jun. 2022 ) + 13.296 (Sep. 2022 ) + 24.46 (Dec. 2022 ) = €85 Mil.
Total Access Communication PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2022 was 154.144 (Mar. 2022 ) + 164.059 (Jun. 2022 ) + 228.733 (Sep. 2022 ) + 189.552 (Dec. 2022 ) = €736 Mil.
Total Access Communication PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2022 was -124.231 (Mar. 2022 ) + -125.957 (Jun. 2022 ) + -93.549 (Sep. 2022 ) + -144.174 (Dec. 2022 ) = €-488 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.
Total Access Communication PCL (FRA:TA3G) 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 Dec. 2022, Total Access Communication PCL has a Sloan Ratio of -3.95%, indicating the company is in the safe zone and there is no funny business with accruals.
Total Access Communication PCL Sloan Ratio % Related Terms
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Total Access Communication PCL (FRA:TA3G) Business Description
Total Access Communication PCL is a telecommunications company. The company's operating segment includes Mobile telephone service and related services and Sales of handsets and starter kits. It serves both individual and business customers. The majority of revenue stems from providing mobile services. Within mobile services, a majority of revenue stems from both voice and data services. Revenue is on a subscription basis and in terms of subscribers, the majority are prepaid customers. It operates in a single geographical segment, which is Thailand.
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