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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.
Touchpoint Group Holdings's Sloan Ratio for the quarter that ended in Sep. 2022 was 0.00%.
As of Sep. 2022, Touchpoint Group Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
The historical data trend for Touchpoint Group Holdings'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.
Touchpoint Group Holdings Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
Sloan Ratio % | Get a 7-Day Free Trial | -73.48 | -87.21 | -124.86 | -100.62 | -137.92 |
Touchpoint Group Holdings Quarterly Data | ||||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Sloan Ratio % | Get a 7-Day Free Trial | - | - | - | - | - |
For the Software - Application subindustry, Touchpoint Group Holdings'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.
For the Software industry and Technology sector, Touchpoint Group Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Touchpoint Group Holdings'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.
Touchpoint Group Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as
Sloan Ratio | = | (Net Income (A: Dec. 2021 ) | - | Cash Flow from Operations (A: Dec. 2021 ) |
- | Cash Flow from Investing (A: Dec. 2021 )) | / | Total Assets (A: Dec. 2021 ) | |
= | (-5.195 | - | -2.062 | |
- | -0.449) | / | 1.946 | |
= | -137.92% |
Touchpoint Group Holdings's Sloan Ratio for the quarter that ended in Sep. 2022 is calculated as
Sloan Ratio | = | (Net Income (TTM) | - | Cash Flow from Operations (TTM)) |
- | Cash Flow from Investing (TTM)) | / | Total Assets (Q: Sep. 2022 ) | |
= | (-7.118 | - | -2.198 | |
- | 0) | / | 0.56 | |
= | -878.57% |
Touchpoint Group Holdings's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was -2.032 (Dec. 2021 ) + -1.033 (Mar. 2022 ) + -1.486 (Jun. 2022 ) + -2.567 (Sep. 2022 ) = $-7.12 Mil. Touchpoint Group Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was -1.019 (Dec. 2021 ) + -0.594 (Mar. 2022 ) + -0.476 (Jun. 2022 ) + -0.109 (Sep. 2022 ) = $-2.20 Mil. Touchpoint Group Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was 0 (Dec. 2021 ) + 0 (Mar. 2022 ) + 0 (Jun. 2022 ) + 0 (Sep. 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.
Touchpoint Group Holdings (OTCPK:TGHI) 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 Sep. 2022, Touchpoint Group Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Thank you for viewing the detailed overview of Touchpoint Group Holdings's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhanming Wu | 10 percent owner | ROOM 703, BUILDING NO. 5, NO. 868 PUMING ROAD, SHANGHAI F4 200120 |
Ajing Zhang | director | ROOM 901, NO. 4, LANE 999, SHI LONG ROAD, XUHUI DISTRICT, SHANGHAI F4 200237 |
Pengfei Li | director | ROOM 601, NO. 11, LANE 1188, SOUTH WANPING ROAD, XUHUI DISTRICT, SHANGHAI F4 200232 |
Edwin Lun | officer: Chief Operating Officer | ROOM 1808,18/F HUTCHISON HSE.10 HARCOURT, HONG KONG F4 XXXXXXX |
Mark Brian White | director, 10 percent owner, officer: Chief Executive Officer | IMMEUBLE MILA, CHAMPERY V8 1874 |
Martin Christopher Ward | director, officer: Chief Financial Officer | CHALKSTREAM, KINGS SOMBORNE, STOCKBRIDGE X0 S020 6NZ |
Robert Paul Vogler | director | INDUSTRIESTRASSE 40, ZUG V8 CH6300 |
Robert Philip Law | director | 2 TOWER MEWS, SALISBURY X0 SP1 3DJ |
Charles Richard Vos | director | 45 STAR STREET, LONDON X0 W2 1QA |
Nicholas Paul Carpinello | director | 1686 BEECHSHIRE DRIVE, CINCINNATI OH 45255 |
Stephen Michael Austin | director | 39 TEMPLE FORTUNE HILL, LONDON X0 NW11 7XP |
Brian James Collins | director, 10 percent owner, officer: VP, Chief Technology Officer | HEIDWEG 7B, KLOSTERS V8 7250 |
John D Hannesson | officer: Exec VP, Secretary | 18661 VIA PALATINO, IRVINE CA 92603 |
Kenneth F Raznick | director, 10 percent owner, officer: Chairman of the Board | ONE WAKONDA, DOVE CANYON CA 92679 |
Mark Dicamillo | officer: Exec VP, COO | ONE WAKONDA, DOVE CANYON CA 92679 |
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