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.
As of Apr. 2022, Viva Entertainment Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Viva Entertainment Group Sloan Ratio % Historical Data
* 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 Viva Entertainment Group's Sloan Ratio %
For the Internet Content & Information subindustry, Viva Entertainment Group'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.
Viva Entertainment Group's Sloan Ratio % Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Viva Entertainment Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Viva Entertainment Group's Sloan Ratio % falls into.
Viva Entertainment Group 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.
Viva Entertainment Group's Sloan Ratio for the fiscal year that ended in Oct. 2018 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Viva Entertainment Group's Net Income for the trailing twelve months (TTM) ended in Apr. 2022 was -0.932 (Apr. 2021 ) + -0.355 (Apr. 2022 ) = $-1.29 Mil.
Viva Entertainment Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2022 was -0.655 (Apr. 2021 ) + -0.168 (Apr. 2022 ) = $-0.82 Mil.
Viva Entertainment Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2022 was 0 (Apr. 2021 ) + 0 (Apr. 2022 ) = $0.00 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.
Viva Entertainment Group (OTCPK:OTTV) 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 Apr. 2022, Viva Entertainment Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Viva Entertainment Group Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Viva Entertainment Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Viva Entertainment Group (Viva Entertainment Group) Business Description
Viva Entertainment Group Inc is an entertainment and technology company that connects content owners and video distributors to deliver content on any smart device with a screen. The company engages in developing and marketing it's over the top (IPTV/OTT) application for connected TV's, desktop computers, tablets, and smartphones. It provides access to the content anywhere, anytime, and with a wifi connection customers can watch Live TV from around the world, TV shows, premium channels, as well as movies on demand, Tele-video conferences and many other interactive features.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
OTTV has been successfully added to your 