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.
Inteliquent's Sloan Ratio for the quarter that ended in Sep. 2016 was 5.17%.
As of Sep. 2016, Inteliquent has a Sloan Ratio of 5.17%, indicating the company is in the safe zone and there is no funny business with accruals.
Inteliquent Sloan Ratio % Historical Data
The historical data trend for Inteliquent'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 Inteliquent's Sloan Ratio %
For the Telecom Services subindustry, Inteliquent'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.
Inteliquent's Sloan Ratio % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Inteliquent's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Inteliquent's Sloan Ratio % falls into.
Inteliquent 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.
Inteliquent's Sloan Ratio for the fiscal year that ended in Dec. 2015 is calculated as
Inteliquent's Net Income for the trailing twelve months (TTM) ended in Sep. 2016 was 8.68 (Dec. 2015 ) + 9.136 (Mar. 2016 ) + 8.975 (Jun. 2016 ) + 9.373 (Sep. 2016 ) = $36.2 Mil.
Inteliquent's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2016 was 5.794 (Dec. 2015 ) + 13.403 (Mar. 2016 ) + 20.904 (Jun. 2016 ) + 14.772 (Sep. 2016 ) = $54.9 Mil.
Inteliquent's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2016 was -5.481 (Dec. 2015 ) + -2.79 (Mar. 2016 ) + -10.586 (Jun. 2016 ) + -12.177 (Sep. 2016 ) = $-31.0 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.
Inteliquent (NAS:IQNT) 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. 2016, Inteliquent has a Sloan Ratio of 5.17%, indicating the company is in the safe zone and there is no funny business with accruals.
Inteliquent Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Inteliquent's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Inteliquent Inc was incorporated on April 19, 2001 in Delaware and commenced its operations in 2004. The Company provides voice telecommunications services on a wholesale basis. It offers telecommunication services using an all-IP network, which enables it to deliver connectivity for a variety of media, including voice, and historically data and video. The Company's solutions enable carriers and other providers to deliver voice traffic or other services where it does not own a network or elect not to use their own network. These solutions are sometimes called off-net services. The Company also provides its solutions to customers, such as over-the-top providers, who also typically do not have their own network. Its services include Local Transit Service, Long Distance Service, Switched Access Service, International Voice Service, Direct Inward Dialing Service, 8XX (Toll-Free) Service. Its customers include AT&T, Verizon, and T-Mobile. Its competitors are the traditional ILECs (AT&T, Verizon and CenturyLink), other competitive carriers that provide tandem or similar services (Level 3, Peerless Network, and Hypercube), and direct connections between carriers. It is subject to the jurisdiction of both federal and state regulatory agencies, which have the authority to review prices, terms and conditions of service.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
IQNT has been successfully added to your 