GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Telekom Networks Malawi PLC (MSW:TNM) » Definitions » Sloan Ratio %

Telekom Networks Malawi (MSW:TNM) Sloan Ratio % : 0.00% (As of . 20)


View and export this data going back to 1990. Start your Free Trial

What is Telekom Networks Malawi 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.

Telekom Networks Malawi's Sloan Ratio for the quarter that ended in . 20 was 0.00%.

As of . 20, Telekom Networks Malawi has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Telekom Networks Malawi Sloan Ratio % Historical Data

The historical data trend for Telekom Networks Malawi'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.

Telekom Networks Malawi Sloan Ratio % Chart

Telekom Networks Malawi Annual Data
Trend
Sloan Ratio %

Telekom Networks Malawi Semi-Annual Data
Sloan Ratio %

Competitive Comparison of Telekom Networks Malawi's Sloan Ratio %

For the Telecom Services subindustry, Telekom Networks Malawi'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.


Telekom Networks Malawi's Sloan Ratio % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telekom Networks Malawi's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Telekom Networks Malawi's Sloan Ratio % falls into.



Telekom Networks Malawi 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.

Telekom Networks Malawi's Sloan Ratio for the fiscal year that ended in . 20 is calculated as

Sloan Ratio=(Net Income (A: . 20 )-Cash Flow from Operations (A: . 20 )
-Cash Flow from Investing (A: . 20 ))/Total Assets (A: . 20 )
=(-
-)/
=%

Telekom Networks Malawi's Sloan Ratio for the quarter that ended in . 20 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: . 20 )
=(-
-)/
=%

Telekom Networks Malawi does not have enough years/quarters to calculate the Net Income, Cash Flow from Investing, and Cash Flow from Investing for the trailing twelve months (TTM) ended in . 20.

* 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.


Telekom Networks Malawi  (MSW:TNM) 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 . 20, Telekom Networks Malawi has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Telekom Networks Malawi Sloan Ratio % Related Terms

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


Telekom Networks Malawi (MSW:TNM) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Glyn Jones Road, P O Box 3039, Fifth Floor, Livingstone Towers, Blantyre, MWI
Telekom Networks Malawi PLC is engaged in providing telecommunication services in accordance with its licence issued by Malawi Communications Regulatory Authority (MACRA). The company has a wholly owned subsidiary, TNM Mpamba Limited engaged in providing mobile money services.

Telekom Networks Malawi (MSW:TNM) Headlines

No Headlines