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Integral Vision (Integral Vision) Sloan Ratio % : 0.00% (As of Jun. 2012)


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What is Integral Vision 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.

Integral Vision's Sloan Ratio for the quarter that ended in Jun. 2012 was 0.00%.

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


Integral Vision Sloan Ratio % Historical Data

The historical data trend for Integral Vision'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.

Integral Vision Sloan Ratio % Chart

Integral Vision Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -53.44 -863.65 -170.34 -264.66 -384.74

Integral Vision Quarterly Data
Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12
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 - - - - -

Competitive Comparison of Integral Vision's Sloan Ratio %

For the Specialty Industrial Machinery subindustry, Integral Vision'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.


Integral Vision's Sloan Ratio % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Integral Vision's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Integral Vision's Sloan Ratio % falls into.



Integral Vision 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.

Integral Vision's Sloan Ratio for the fiscal year that ended in Dec. 2011 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2011 )-Cash Flow from Operations (A: Dec. 2011 )
-Cash Flow from Investing (A: Dec. 2011 ))/Total Assets (A: Dec. 2011 )
=(-3.097--0.946
--0.008)/0.557
=-384.74%

Integral Vision's Sloan Ratio for the quarter that ended in Jun. 2012 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2012 )
=(-2.573--0.949
--0.018)/0.346
=-464.16%

Integral Vision's Net Income for the trailing twelve months (TTM) ended in Jun. 2012 was -0.557 (Sep. 2011 ) + -0.94 (Dec. 2011 ) + -0.567 (Mar. 2012 ) + -0.509 (Jun. 2012 ) = $-2.57 Mil.
Integral Vision's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2012 was -0.416 (Sep. 2011 ) + 0.26 (Dec. 2011 ) + -0.602 (Mar. 2012 ) + -0.191 (Jun. 2012 ) = $-0.95 Mil.
Integral Vision's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2012 was -0.003 (Sep. 2011 ) + 0 (Dec. 2011 ) + -0.011 (Mar. 2012 ) + -0.004 (Jun. 2012 ) = $-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.


Integral Vision  (OTCPK:INVI) 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 Jun. 2012, Integral Vision has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Integral Vision Sloan Ratio % Related Terms

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Integral Vision (Integral Vision) Business Description

Traded in Other Exchanges
N/A
Address
49113 Wixom Tech Drive, Wixom, MI, USA, 48393
Integral Vision Inc develops, manufactures and markets flat panel display inspection systems to ensure product quality in the display manufacturing process.
Executives
Bonanza Capital Ltd 10 percent owner 300 CRESCENT COURT, SUITE 250, DALLAS TX 75201
Bonanza Master Fund Ltd 10 percent owner C/O J.D. CLARK & CO., 2225 WASHINGTON BLVD., SUITE 300, OGDEN UT 84401
Marxe Austin W & Greenhouse David M 10 percent owner C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022

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