What is Hammer Fiber Optics Holdings 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.
* 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 Hammer Fiber Optics Holdings's Sloan Ratio %
For the Telecom Services subindustry, Hammer Fiber Optics Holdings'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.
Hammer Fiber Optics Holdings's Sloan Ratio % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Hammer Fiber Optics Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Hammer Fiber Optics Holdings's Sloan Ratio % falls into.
Hammer Fiber Optics Holdings 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.
Hammer Fiber Optics Holdings's Net Income for the trailing twelve months (TTM) ended in Jul. 2024 was -0.09 (Oct. 2023 ) + 0.013 (Jan. 2024 ) + -0.504 (Apr. 2024 ) + -0.651 (Jul. 2024 ) = $-1.23 Mil.
Hammer Fiber Optics Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2024 was -0.068 (Oct. 2023 ) + -0.248 (Jan. 2024 ) + -0.298 (Apr. 2024 ) + -0.146 (Jul. 2024 ) = $-0.76 Mil.
Hammer Fiber Optics Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jul. 2024 was -0.009 (Oct. 2023 ) + -0.005 (Jan. 2024 ) + -0.035 (Apr. 2024 ) + 0.029 (Jul. 2024 ) = $-0.02 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.
Hammer Fiber Optics Holdings (OTCPK:HMMR) 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 Jul. 2024, Hammer Fiber Optics Holdings has a Sloan Ratio of -14.88%, indicating there is a warning stage of accrual build up.
Hammer Fiber Optics Holdings Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Hammer Fiber Optics Holdings's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hammer Fiber Optics Holdings Corp is a telecommunications company. Its products and services include Financial Services such as Digital Payment Systems, Telecommunications, and Data Services such as Wireless and over-the-Top Services such as voice, messaging, video, and hosting. HammerPay, is a mobile-first digital solution designed to deliver seamless stored-value digital services to both businesses and consumers, including those traditionally underserved by the digital economy.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HMMR has been successfully added to your 