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Hellenic Telecommunication Organization (Hellenic Telecommunication Organization) Sloan Ratio % : -8.56% (As of Sep. 2023)


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What is Hellenic Telecommunication Organization 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.

Hellenic Telecommunication Organization's Sloan Ratio for the quarter that ended in Sep. 2023 was -8.56%.

As of Sep. 2023, Hellenic Telecommunication Organization has a Sloan Ratio of -8.56%, indicating the company is in the safe zone and there is no funny business with accruals.


Hellenic Telecommunication Organization Sloan Ratio % Historical Data

The historical data trend for Hellenic Telecommunication Organization'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.

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Hellenic Telecommunication Organization Sloan Ratio % Chart

Hellenic Telecommunication Organization Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.48 -4.99 -2.69 -4.43 -5.80

Hellenic Telecommunication Organization Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Sep23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -8.56

Competitive Comparison of Hellenic Telecommunication Organization's Sloan Ratio %

For the Telecom Services subindustry, Hellenic Telecommunication Organization'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.


Hellenic Telecommunication Organization's Sloan Ratio % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Hellenic Telecommunication Organization's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Hellenic Telecommunication Organization's Sloan Ratio % falls into.



Hellenic Telecommunication Organization 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.

Hellenic Telecommunication Organization's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2022 )-Cash Flow from Operations (A: Dec. 2022 )
-Cash Flow from Investing (A: Dec. 2022 ))/Total Assets (A: Dec. 2022 )
=(411.653-1395.339
--676.377)/5295.763
=-5.80%

Hellenic Telecommunication Organization's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2023 )
=(310.436-1617.035
--855.008)/5277.481
=-8.56%

Hellenic Telecommunication Organization's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Jun. 2022 ) + 158.614 (Sep. 2022 ) + -8.263 (Dec. 2022 ) + 160.085 (Sep. 2023 ) = $310 Mil.
Hellenic Telecommunication Organization's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 718.605 (Jun. 2022 ) + 275.446 (Sep. 2022 ) + 380.508 (Dec. 2022 ) + 242.476 (Sep. 2023 ) = $1,617 Mil.
Hellenic Telecommunication Organization's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -272.199 (Jun. 2022 ) + -181.386 (Sep. 2022 ) + -209.534 (Dec. 2022 ) + -191.889 (Sep. 2023 ) = $-855 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.


Hellenic Telecommunication Organization  (OTCPK:HLTOY) 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. 2023, Hellenic Telecommunication Organization has a Sloan Ratio of -8.56%, indicating the company is in the safe zone and there is no funny business with accruals.


Hellenic Telecommunication Organization Sloan Ratio % Related Terms

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Hellenic Telecommunication Organization (Hellenic Telecommunication Organization) Business Description

Traded in Other Exchanges
Address
99 Kifissias Avenue, Maroussi, Athens, GRC, 15124
Hellenic Telecommunication Organization is a telecommunications company that offers Internet access services, TV services, broadband, fixed-line services, and mobile telecommunication. The reportable segments of the company are as follows: 1) OTE is a provider of fixed-line services, internet access services, ICT services and TV services in Greece. 2) Cosmonote Group- Greece is a provider of mobile telecommunications, retail operations (shops) and customer services. 3) Telekom Romania Mobile is a provider of mobile telecommunications services in Romania. The majority of revenue earned by the company is from OTE segment.

Hellenic Telecommunication Organization (Hellenic Telecommunication Organization) Headlines