What is Far EasTone Telecommunications Co Sloan Ratio %?
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 Mar. 2024, Far EasTone Telecommunications Co has a Sloan Ratio of -5.26%, indicating the company is in the safe zone and there is no funny business with accruals.
Far EasTone Telecommunications Co 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.
* Premium members only.
Far EasTone Telecommunications Co Sloan Ratio % Chart
Competitive Comparison of Far EasTone Telecommunications Co's Sloan Ratio %
For the Telecom Services subindustry, Far EasTone Telecommunications Co'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.
Far EasTone Telecommunications Co's Sloan Ratio % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Far EasTone Telecommunications Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Far EasTone Telecommunications Co's Sloan Ratio % falls into.
Far EasTone Telecommunications Co 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.
Far EasTone Telecommunications Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 2766.457 (Jun. 2023 ) + 2827.917 (Sep. 2023 ) + 2837.736 (Dec. 2023 ) + 2922.449 (Mar. 2024 ) = NT$11,355 Mil.
Far EasTone Telecommunications Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 6835.495 (Jun. 2023 ) + 7951.625 (Sep. 2023 ) + 4544.2 (Dec. 2023 ) + 8051.769 (Mar. 2024 ) = NT$27,383 Mil.
Far EasTone Telecommunications Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -1766.804 (Jun. 2023 ) + -1738.961 (Sep. 2023 ) + -1083.253 (Dec. 2023 ) + -1319.949 (Mar. 2024 ) = NT$-5,909 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.
Far EasTone Telecommunications Co (TPE:4904) 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 Mar. 2024, Far EasTone Telecommunications Co has a Sloan Ratio of -5.26%, indicating the company is in the safe zone and there is no funny business with accruals.
Far EasTone Telecommunications Co Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Far EasTone Telecommunications Co's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Far EasTone Telecommunications Co (TPE:4904) Business Description
Far EasTone Telecommunications Co Ltd is a telecommunications company. It provides mobile telecommunications services (including voice and internet services), international simple resale services, digital value-added services, sale of cellular phone equipment and accessories and enterprise information and communication integration services, etc. The company operating segments are Mobile services business, Fixed-line services business, Sales business. The company generates the vast majority of its revenue in Taiwan.
Far EasTone Telecommunications Co (TPE:4904) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TPE:4904 has been successfully added to your 