>
Switch to:

CSG Systems International Sloan Ratio %

: -2.60% (As of Jun. 2021)
View and export this data going back to 1996. Start your Free Trial

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.

CSG Systems International's Sloan Ratio for the quarter that ended in Jun. 2021 was -2.60%.

As of Jun. 2021, CSG Systems International has a Sloan Ratio of -2.60%, indicating the company is in the safe zone and there is no funny business with accruals.


CSG Systems International Sloan Ratio % Historical Data

The historical data trend for CSG Systems International'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.

CSG Systems International Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Sloan Ratio %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.46 -3.97 0.80 -0.91 -3.61

CSG Systems International Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Sloan Ratio % 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 Premium Member Only Premium Member Only Premium Member Only -2.46 -1.56 -3.61 -4.29 -2.60

Competitive Comparison

For the Software - Infrastructure subindustry, CSG Systems International'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.

   

CSG Systems International Sloan Ratio % Distribution

For the Software industry and Technology sector, CSG Systems International's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where CSG Systems International's Sloan Ratio % falls into.



CSG Systems International 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.

CSG Systems International's Sloan Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2020 )-Cash Flow from Operations (A: Dec. 2020 )
-Cash Flow from Investing (A: Dec. 2020 ))/Total Assets (A: Dec. 2020 )
=(58.711-173.02
--66.258)/1332
=-3.61%

CSG Systems International's Sloan Ratio for the quarter that ended in Jun. 2021 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2021 )
=(65.783-164.389
--65.037)/1291.684
=-2.60%

CSG Systems International's Net Income for the trailing twelve months (TTM) ended in Jun. 2021 was 13.566 (Sep. 2020 ) + 13.265 (Dec. 2020 ) + 19.631 (Mar. 2021 ) + 19.321 (Jun. 2021 ) = $66 Mil.
CSG Systems International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2021 was 64.825 (Sep. 2020 ) + 57.335 (Dec. 2020 ) + -2.809 (Mar. 2021 ) + 45.038 (Jun. 2021 ) = $164 Mil.
CSG Systems International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2021 was -21.797 (Sep. 2020 ) + -19.209 (Dec. 2020 ) + -11.851 (Mar. 2021 ) + -12.18 (Jun. 2021 ) = $-65 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.


CSG Systems International  (NAS:CSGS) 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 Jun. 2021, CSG Systems International has a Sloan Ratio of -2.60%, indicating the company is in the safe zone and there is no funny business with accruals.


CSG Systems International Sloan Ratio % Related Terms

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


CSG Systems International Business Description

CSG Systems International logo
Industry
Technology » Software NAICS : 541511 SIC : 7374
Traded in Other Exchanges
Address
6175 S. Willow Drive, 10th Floor, Greenwood Village, CO, USA, 80111
CSG Systems International Inc. is a provider of business support solutions for the communications industry. Its solutions include cable and satellite care and billing, content management and monetization, convergent rating and billing, mediation and data management, and wholesale settlement and routing. They help companies with transaction-centric models to manage operations by capturing and managing revenue associated with large transaction volumes. The company derives revenue from software license agreements and professional services. A large majority of the firm's revenue is generated in the United States.
Executives
Fawaz Marwan director 12405 POWERSCOURT DRIVE SAINT LOUIS MO 63131
Song Haiyan director 333 UPLANDS DR HILLSBOROUGH CA 94010
Tavares Silvio director 20 TIPTOE LANE BURLINGAME CA 94010
Kennedy Kenneth M officer: EVP & Pres, Technlgy & Product 33 W MONROE ST, SUITE 900 CHICAGO IL 60603
Barnes David G director 6175 S WILLOW DR 10TH FLOOR GREENWOOD VILLAGE CO 80111
Shepherd Brian A. officer: EVP & Group President 9197 SOUTH PEORIA STREET ENGLEWOOD CO 80112
Cooper Ronald director 1700 EAST TUFTS AVE. ENGLEWOOD CO 80113
Sica Frank V director CSG SYSTEMS INTERNATIONAL INC 7887 E BELLEVIEW AVE STE 1000 ENGEWOOD CO 801111
Reed Donald director 45 FREEMONT ST SAN FRANCISCO CA 94105
Obuchowski Janice I director 21700 ATLANTIC BLVD ORBITAL SCIENCES CORP DULLES VA 20166
Naik Rajan director 500 WEST MONROE STREET CHICAGO IL 60661
Unruh James A director C/O PRUDENTIAL FINANCIAL INC 751 BROAD ST. 4TH FL. NEWARK NJ 01702
Johns Rolland B officer: EVP & CFO 9555 MAROON CIRCLE ENGLEWOOD CO 80112
Schaaf David Neil officer: SVP, Chief Accounting Officer 6175 SOUTH WILLOW DRIVE GREENWOOD VILLAGE CO 80111
Griess Bret C officer: CEO and President 9555 MAROON CIRCLE ENGLEWOOD CO 80112

CSG Systems International Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)