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Sungy Mobile (Sungy Mobile) Sloan Ratio % : 0.00% (As of Sep. 2014)


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What is Sungy Mobile 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.

Sungy Mobile's Sloan Ratio for the quarter that ended in Sep. 2014 was 0.00%.

As of Sep. 2014, Sungy Mobile has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Sungy Mobile Sloan Ratio % Historical Data

The historical data trend for Sungy Mobile'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.

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Sungy Mobile Sloan Ratio % Chart

Sungy Mobile Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Sloan Ratio %
-42.02 7.69 3.88 48.70

Sungy Mobile Quarterly Data
Dec11 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Sungy Mobile's Sloan Ratio %

For the Software - Application subindustry, Sungy Mobile'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.


Sungy Mobile's Sloan Ratio % Distribution in the Software Industry

For the Software industry and Technology sector, Sungy Mobile's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Sungy Mobile's Sloan Ratio % falls into.



Sungy Mobile 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.

Sungy Mobile'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 )
=(-7.621-11.961
--89.879)/144.359
=48.70%

Sungy Mobile's Sloan Ratio for the quarter that ended in Sep. 2014 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2014 )
=(9.155-5.241
--1.95)/157.76
=3.72%

Sungy Mobile's Net Income for the trailing twelve months (TTM) ended in Sep. 2014 was 5.077 (Dec. 2013 ) + 2.305 (Mar. 2014 ) + 1.062 (Jun. 2014 ) + 0.711 (Sep. 2014 ) = $9.16 Mil.
Sungy Mobile's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2014 was 5.241 (Dec. 2013 ) + 0 (Mar. 2014 ) + 0 (Jun. 2014 ) + 0 (Sep. 2014 ) = $5.24 Mil.
Sungy Mobile's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2014 was -1.95 (Dec. 2013 ) + 0 (Mar. 2014 ) + 0 (Jun. 2014 ) + 0 (Sep. 2014 ) = $-1.95 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.


Sungy Mobile  (NAS:GOMO) 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. 2014, Sungy Mobile has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Sungy Mobile Sloan Ratio % Related Terms

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Sungy Mobile (Sungy Mobile) Business Description

Traded in Other Exchanges
N/A
Address
Sungy Mobile Ltd was incorporated in January 2005. The Company, through its subsidiaries, provides mobile reading services and mobile portal marketing services, and sells mobile application products and related services in the PRC. Its platform product, GO Launcher EX, manages apps, widgets and functions on Android smartphones and serves as users' first entry point to their phones. The Company has developed a portfolio of GO series products which include its launcher products and a broad range of other GO series apps and widget.

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