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.
XOX Networks Bhd's Sloan Ratio for the quarter that ended in Sep. 2024 was 0.00%.
As of Sep. 2024, XOX Networks Bhd has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
XOX Networks Bhd Sloan Ratio % Historical Data
The historical data trend for XOX Networks Bhd'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 XOX Networks Bhd's Sloan Ratio %
For the Electronics & Computer Distribution subindustry, XOX Networks Bhd'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.
XOX Networks Bhd's Sloan Ratio % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, XOX Networks Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where XOX Networks Bhd's Sloan Ratio % falls into.
XOX Networks Bhd 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.
XOX Networks Bhd's Sloan Ratio for the fiscal year that ended in Jun. 2024 is calculated as
XOX Networks Bhd's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -1.238 (Dec. 2023 ) + -1.058 (Mar. 2024 ) + -5.078 (Jun. 2024 ) + -2.045 (Sep. 2024 ) = RM-9.42 Mil.
XOX Networks Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was -9.196 (Dec. 2023 ) + -7.138 (Mar. 2024 ) + 2.224 (Jun. 2024 ) + 1.989 (Sep. 2024 ) = RM-12.12 Mil.
XOX Networks Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Dec. 2023 ) + -3.181 (Mar. 2024 ) + -0.422 (Jun. 2024 ) + -2.323 (Sep. 2024 ) = RM-5.93 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.
XOX Networks Bhd (XKLS:0140) 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 Sep. 2024, XOX Networks Bhd has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
XOX Networks Bhd Sloan Ratio % Related Terms
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XOX Networks Bhd is an investment holding company. The business activities of the group are carried out through various segments namely Information, communication and technology (ICT), Event Management and Financial Solutions. The company derives a majority of revenue from the Event Management segment. The Event Management segment involves Event and artist management; Digital and media management, Selling of tickets and stage and event contractions. Geographically, it derives a majority of its revenue from Malaysia.
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