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.
Qlik Technologies's Sloan Ratio for the quarter that ended in Jun. 2016 was -10.60%.
As of Jun. 2016, Qlik Technologies has a Sloan Ratio of -10.60%, indicating there is a warning stage of accrual build up.
Qlik Technologies Sloan Ratio % Historical Data
The historical data trend for Qlik 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.
Competitive Comparison of Qlik Technologies's Sloan Ratio %
For the Software - Infrastructure subindustry, Qlik 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.
Qlik Technologies's Sloan Ratio % Distribution in the Software Industry
For the Software industry and Technology sector, Qlik Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Qlik Technologies's Sloan Ratio % falls into.
Qlik 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.
Qlik Technologies's Sloan Ratio for the fiscal year that ended in Dec. 2015 is calculated as
Qlik Technologies's Net Income for the trailing twelve months (TTM) ended in Jun. 2016 was -16.027 (Sep. 2015 ) + 22.858 (Dec. 2015 ) + -27.014 (Mar. 2016 ) + -6.713 (Jun. 2016 ) = $-26.9 Mil.
Qlik Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2016 was 6.536 (Sep. 2015 ) + 3.421 (Dec. 2015 ) + 41.71 (Mar. 2016 ) + 6.869 (Jun. 2016 ) = $58.5 Mil.
Qlik Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2016 was -3.707 (Sep. 2015 ) + -3.58 (Dec. 2015 ) + -2.279 (Mar. 2016 ) + -4.417 (Jun. 2016 ) = $-14.0 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.
Qlik Technologies (NAS:QLIK) 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. 2016, Qlik Technologies has a Sloan Ratio of -10.60%, indicating there is a warning stage of accrual build up.
Qlik Technologies Sloan Ratio % Related Terms
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Qlik Technologies (Qlik Technologies) Business Description
Qlik Technologies Inc was founded in Sweden in 1993. It solves problems for organizations of all sizes, including the enterprises. The Company is a user-driven Business Intelligence solution that enables its customers to make robust and faster business decisions. The Qlikview Business Discovery platform, or QlikView, helps people create and share insights and analysis in groups and across organizations. Business users can explore data, ask and answer their own stream of questions and follow their own path to insight on their own and in teams and groups. The QlikView is powered by its in-memory engine which maintains associations in data and calculates aggregations as needed. The Company operates in one business segment, namely, the development, commercialization and implementation of software products and related services. It offers solution from middle market customers to large enterprises such as Autodesk, The Dannon Company, Inc., Heidelberger Druckmaschinen AG, Hertz, ING, Kraft Foods, L'Oreal, Lifetime Brands, Lockton Insurance, National Health Service (NHS), Panasonic, Qualcomm, Sony Europe, Symantec, U.S. Department of Veterans Affairs and Volvo Car UK Limited. Its products include: QlikView, QlikView Expressor and QlikView.Next. Its customers can renew, and generally have renewed, their maintenance agreements for a fee that is based upon a percentage of the initial license fee paid. Company market and sell its products and services through its direct sales force and an indirect sales channel comprised of partner network. The Company competes with large software corporations, including suppliers of enterprise resource planning software, that provide one or more capabilities competitive with its products, such as IBM, Microsoft, Oracle and SAP AG.
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