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FirsTime Design (FirsTime Design) Sloan Ratio % : 0.00% (As of Dec. 2012)


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What is FirsTime Design 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.

FirsTime Design's Sloan Ratio for the quarter that ended in Dec. 2012 was 0.00%.

As of Dec. 2012, FirsTime Design has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


FirsTime Design Sloan Ratio % Historical Data

The historical data trend for FirsTime Design'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.

FirsTime Design Sloan Ratio % Chart

FirsTime Design Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.65 -42.36 -27.55 -37.82 -5.66

FirsTime Design Quarterly Data
Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
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 -37.77 -36.95 - - -

Competitive Comparison of FirsTime Design's Sloan Ratio %

For the Furnishings, Fixtures & Appliances subindustry, FirsTime Design'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.


FirsTime Design's Sloan Ratio % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, FirsTime Design's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where FirsTime Design's Sloan Ratio % falls into.



FirsTime Design 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.

FirsTime Design's Sloan Ratio for the fiscal year that ended in Dec. 2012 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2012 )-Cash Flow from Operations (A: Dec. 2012 )
-Cash Flow from Investing (A: Dec. 2012 ))/Total Assets (A: Dec. 2012 )
=(0.446-0.266
-0.435)/4.507
=-5.66%

FirsTime Design's Sloan Ratio for the quarter that ended in Dec. 2012 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2012 )
=(0.446-0.266
-0.435)/4.507
=-5.66%

FirsTime Design's Net Income for the trailing twelve months (TTM) ended in Dec. 2012 was 0.115 (Mar. 2012 ) + 0.117 (Jun. 2012 ) + 0.104 (Sep. 2012 ) + 0.11 (Dec. 2012 ) = $0.45 Mil.
FirsTime Design's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2012 was -0.109 (Mar. 2012 ) + -0.632 (Jun. 2012 ) + 0.356 (Sep. 2012 ) + 0.651 (Dec. 2012 ) = $0.27 Mil.
FirsTime Design's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2012 was 0.451 (Mar. 2012 ) + 0 (Jun. 2012 ) + -0.016 (Sep. 2012 ) + 0 (Dec. 2012 ) = $0.44 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.


FirsTime Design  (OTCPK:FTDL) 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 Dec. 2012, FirsTime Design has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


FirsTime Design Sloan Ratio % Related Terms

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FirsTime Design (FirsTime Design) Business Description

Traded in Other Exchanges
N/A
Address
W237 N2889 Woodgate Road, Suite F, Pewaukee, WI, USA, 53072
FirsTime Design Ltd, through its subsidiaries, designs, imports, and distributes decorative timepieces and other home decor products. It distributes commercial mattresses and bedding accessories. In addition, it offers custom packaging and product merchandising services. It sells its products through retailers in the United States. The group has manufacturing partners in China with some in Egypt, India, Italy, Taiwan, the United States, and Vietnam.
Executives
Thomas G Berlin 10 percent owner 37500 EAGLE ROAD, WILLOGHBY HILLS OH 44094
Douglas M Schosser director 127 PUBLIC SQUARE, CLEVELAND OH 44114-1306

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