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.
Nu Tek India's Sloan Ratio for the quarter that ended in Jun. 2017 was 0.00%.
As of Jun. 2017, Nu Tek India has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Nu Tek India Sloan Ratio % Historical Data
The historical data trend for Nu Tek India'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.
Competitive Comparison of Nu Tek India's Sloan Ratio %
For the Telecom Services subindustry, Nu Tek India'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.
Nu Tek India's Sloan Ratio % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Nu Tek India's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Nu Tek India's Sloan Ratio % falls into.
Nu Tek India 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.
Nu Tek India's Sloan Ratio for the fiscal year that ended in Mar. 2017 is calculated as
Nu Tek India's Net Income for the trailing twelve months (TTM) ended in Jun. 2017 was -7.952 (Sep. 2016 ) + 0.724 (Dec. 2016 ) + 18.727 (Mar. 2017 ) + 9.722 (Jun. 2017 ) = ₹21.2 Mil.
Nu Tek India's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2017 was 0 (Sep. 2016 ) + 0 (Dec. 2016 ) + 0 (Mar. 2017 ) + 0 (Jun. 2017 ) = ₹0.0 Mil.
Nu Tek India's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2017 was 0 (Sep. 2016 ) + 0 (Dec. 2016 ) + 0 (Mar. 2017 ) + 0 (Jun. 2017 ) = ₹0.0 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.
Nu Tek India (NSE:NUTEK) 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 Jun. 2017, Nu Tek India has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Nu Tek India Sloan Ratio % Related Terms
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Nu Tek India Ltd is an India based company. It is a telecom infrastructure services company providing solutions for wireless and fixed telecom networks. The business operates in various segments that include Turnkey Site Build, which provides site identification and designing, to installation of towers and other ancillary passive equipment; Active Equipment Implementations, which provide services like installation, commissioning and integration of active telecom equipment for wireless, wire-line and optical technologies; Technical Support Services, which provide services in high-end telecom engineering; and Operations and Maintenance; which provide maintenance services for passive telecom infrastructure.
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