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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.
Opto Circuits (India)'s Sloan Ratio for the quarter that ended in Jun. 2021 was 0.00%.
As of Jun. 2021, Opto Circuits (India) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Opto Circuits (India) (NSE:OPTOCIRCUI) 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. 2021, Opto Circuits (India) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Opto Circuits (India) Sloan Ratio % Related Terms
Opto Circuits (India) Sloan Ratio % Historical Data
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The historical data trend for Opto Circuits (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.
NSE:OPTOCIRCUI vs ABT, MDT, SYK: Sloan Ratio % Comparison
For the Medical Devices subindustry, Opto Circuits (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.
Opto Circuits (India) Sloan Ratio % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Opto Circuits (India)'s Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Opto Circuits (India)'s Sloan Ratio % falls into.
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.
Opto Circuits (India)'s Sloan Ratio for the fiscal year that ended in Mar. 2020 is calculated as
Opto Circuits (India)'s Net Income for the trailing twelve months (TTM) ended in Jun. 2021 was 14.395 (Jun. 2020 ) + -46.711 (Sep. 2020 ) + -78.293 (Dec. 2020 ) + -12.807 (Jun. 2021 ) = ₹-123.4 Mil.
Opto Circuits (India)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2021 was 0 (Jun. 2020 ) + 0 (Sep. 2020 ) + 0 (Dec. 2020 ) + 0 (Jun. 2021 ) = ₹0.0 Mil.
Opto Circuits (India)'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2021 was 0 (Jun. 2020 ) + 0 (Sep. 2020 ) + 0 (Dec. 2020 ) + 0 (Jun. 2021 ) = ₹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.
Opto Circuits (India) (NSE:OPTOCIRCUI) has a Sloan Ratio % of 0.00% as of Jun. 2021. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Opto Circuits (India) and its competitors.
Is Opto Circuits (India)'s Sloan Ratio % too high?
Opto Circuits (India)'s current Sloan Ratio % is 0.00%. Overall, Opto Circuits (India) has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Opto Circuits (India)'s Sloan Ratio % compare to ABT and MDT?
Opto Circuits (India)'s Sloan Ratio % of 0.00% can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Medical Devices & Instruments company?
A good Sloan Ratio % depends on the Medical Devices & Instruments industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Opto Circuits (India) and its competitors. Opto Circuits (India)'s current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opto Circuits (India) stock overvalued right now?
Opto Circuits (India) (NSE:OPTOCIRCUI) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. Opto Circuits (India)'s overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Opto Circuits (India) (NSE:OPTOCIRCUI), the current Sloan Ratio % is 0.00% as of Jun. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Opto Circuits (India) Ltd along with its subsidiaries are engaged in the design, development, manufacture, marketing, and distribution of a range of medical products. The company's product is used by the healthcare industry, schools, and fire stations. The service line of the company consists of providing vital signs monitoring, emergency cardiac care, vascular treatments, and sensing technologies. The business of the company operates in segments that include Sensors, Monitors, and Others. The Sensors segment generates maximum revenue for the company. Geographically the company exports its products to America, Europe, and Asia markets.
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