GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hitachi CableLtd. (TSE:5812) » Definitions » Sloan Ratio %

Hitachi CableLtd. (TSE:5812) Sloan Ratio % : 0.00% (As of Mar. 2013)


View and export this data going back to . Start your Free Trial

What is Hitachi CableLtd. 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.

Hitachi CableLtd.'s Sloan Ratio for the quarter that ended in Mar. 2013 was 0.00%.

As of Mar. 2013, Hitachi CableLtd. has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Hitachi CableLtd. Sloan Ratio % Historical Data

The historical data trend for Hitachi CableLtd.'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.

* Premium members only.

Hitachi CableLtd. Sloan Ratio % Chart

Hitachi CableLtd. Annual Data
Trend Mar08 Mar09 Mar10 Mar11 Mar12 Mar13
Sloan Ratio %
Get a 7-Day Free Trial -17.36 -2.20 -8.22 -7.11 -3.28

Hitachi CableLtd. Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only - - - - -

Competitive Comparison of Hitachi CableLtd.'s Sloan Ratio %

For the Specialty Industrial Machinery subindustry, Hitachi CableLtd.'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.


Hitachi CableLtd.'s Sloan Ratio % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hitachi CableLtd.'s Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Hitachi CableLtd.'s Sloan Ratio % falls into.



Hitachi CableLtd. 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.

Hitachi CableLtd.'s Sloan Ratio for the fiscal year that ended in Mar. 2013 is calculated as

Sloan Ratio=(Net Income (A: Mar. 2013 )-Cash Flow from Operations (A: Mar. 2013 )
-Cash Flow from Investing (A: Mar. 2013 ))/Total Assets (A: Mar. 2013 )
=(-9164-2231
--2912)/258577
=-3.28%

Hitachi CableLtd.'s Sloan Ratio for the quarter that ended in Mar. 2013 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2013 )
=(-9164-11401
--2276)/258577
=-7.07%

Hitachi CableLtd.'s Net Income for the trailing twelve months (TTM) ended in Mar. 2013 was -95 (Jun. 2012 ) + 843 (Sep. 2012 ) + -8840 (Dec. 2012 ) + -1072 (Mar. 2013 ) = 円-9,164 Mil.
Hitachi CableLtd.'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2013 was 0 (Jun. 2012 ) + 11401 (Sep. 2012 ) + 0 (Dec. 2012 ) + 0 (Mar. 2013 ) = 円11,401 Mil.
Hitachi CableLtd.'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2013 was 0 (Jun. 2012 ) + -2276 (Sep. 2012 ) + 0 (Dec. 2012 ) + 0 (Mar. 2013 ) = 円-2,276 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.


Hitachi CableLtd.  (TSE:5812) 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 Mar. 2013, Hitachi CableLtd. has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Hitachi CableLtd. Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Hitachi CableLtd.'s Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Hitachi CableLtd. (TSE:5812) Headlines

No Headlines