GURUFOCUS.COM » STOCK LIST » Technology » Hardware » HiWave Technologies PLC (LSE:HIW) » Definitions » Sloan Ratio %

HiWave Technologies (LSE:HIW) Sloan Ratio % : 0.00% (As of Sep. 2012)


View and export this data going back to . Start your Free Trial

What is HiWave Technologies 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.

HiWave Technologies's Sloan Ratio for the quarter that ended in Sep. 2012 was 0.00%.

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


HiWave Technologies Sloan Ratio % Historical Data

The historical data trend for HiWave Technologies'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.

HiWave Technologies Sloan Ratio % Chart

HiWave Technologies Annual Data
Trend Jun03 Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Sep11 Sep12
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.25 6.46 -4.10 44.08 -108.47

HiWave Technologies Semi-Annual Data
Dec02 Jun03 Dec03 Jun04 Dec04 Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Mar12 Sep12
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 -4.10 1.23 1.56 -4.20 -

Competitive Comparison of HiWave Technologies's Sloan Ratio %

For the Electronic Components subindustry, HiWave Technologies'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.


HiWave Technologies's Sloan Ratio % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, HiWave Technologies's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where HiWave Technologies's Sloan Ratio % falls into.



HiWave Technologies 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.

HiWave Technologies's Sloan Ratio for the fiscal year that ended in Sep. 2012 is calculated as

Sloan Ratio=(Net Income (A: Sep. 2012 )-Cash Flow from Operations (A: Sep. 2012 )
-Cash Flow from Investing (A: Sep. 2012 ))/Total Assets (A: Sep. 2012 )
=(-3.07--2.466
-1.726)/2.148
=-108.47%

HiWave Technologies's Sloan Ratio for the quarter that ended in Sep. 2012 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2012 )
=(-3.07--1.166
--0.173)/2.148
=-80.59%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. HiWave Technologies's Net Income for the trailing twelve months (TTM) ended in Sep. 2012 was -1.658 (Mar. 2012 ) + -1.412 (Sep. 2012 ) = £-3.07 Mil.
HiWave Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2012 was -1.166 (Mar. 2012 ) + 0 (Sep. 2012 ) = £-1.17 Mil.
HiWave Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2012 was -0.173 (Mar. 2012 ) + 0 (Sep. 2012 ) = £-0.17 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.


HiWave Technologies  (LSE:HIW) 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. 2012, HiWave Technologies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


HiWave Technologies Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of HiWave Technologies's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


HiWave Technologies (LSE:HIW) Business Description

Traded in Other Exchanges
N/A
Address
Website

HiWave Technologies (LSE:HIW) Headlines

From GuruFocus

Highwoods Declares Quarterly Dividends

By Marketwired 10-18-2023

Highwoods Obtains $200M Secured Loan

By sperokesalga sperokesalga 03-28-2023

Highwoods Declares Quarterly Dividends

By Value_Insider Value_Insider 10-20-2022

Highwoods Properties Selected as 2023 Gold Level Green Lease Leader

By sperokesalga sperokesalga 04-12-2023

Highwoods to Present at Nareit's REITweek: 2023 Investor Conference

By sperokesalga sperokesalga 06-01-2023

3 Companies Growing Earnings Fast

By Alberto Abaterusso 10-05-2022

Highwoods Recasts Term Loan

By PurpleRose PurpleRose 07-14-2022

Highwoods Announces Availability of Third Quarter 2022 Results

By Value_Insider Value_Insider 10-25-2022

Highwoods Publishes 2022 Corporate Resiliency Report

By sperokesalga sperokesalga 05-15-2023