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GURUFOCUS.COM > STOCK LIST > Technology > Semiconductors > Kulicke & Soffa Industries Inc (NAS:KLIC) > Definitions > Sloan Ratio %
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Kulicke & Soffa Industries Sloan Ratio %

: 3.59% (As of Mar. 2022)
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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.

Kulicke & Soffa Industries's Sloan Ratio for the quarter that ended in Mar. 2022 was 3.59%.

As of Mar. 2022, Kulicke & Soffa Industries has a Sloan Ratio of 3.59%, indicating the company is in the safe zone and there is no funny business with accruals.


Kulicke & Soffa Industries Sloan Ratio % Historical Data

The historical data trend for Kulicke & Soffa Industries'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.

Kulicke & Soffa Industries Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Sloan Ratio %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.48 2.53 -9.43 7.95 9.29

Kulicke & Soffa Industries Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
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 8.32 9.82 9.29 11.13 3.59

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Kulicke & Soffa Industries'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.

   

Kulicke & Soffa Industries Sloan Ratio % Distribution

For the Semiconductors industry and Technology sector, Kulicke & Soffa Industries's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Kulicke & Soffa Industries's Sloan Ratio % falls into.



Kulicke & Soffa Industries 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.

Kulicke & Soffa Industries's Sloan Ratio for the fiscal year that ended in Sep. 2021 is calculated as

Sloan Ratio=(Net Income (A: Sep. 2021 )-Cash Flow from Operations (A: Sep. 2021 )
-Cash Flow from Investing (A: Sep. 2021 ))/Total Assets (A: Sep. 2021 )
=(367.161-300.032
--81.707)/1601.631
=9.29%

Kulicke & Soffa Industries's Sloan Ratio for the quarter that ended in Mar. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2022 )
=(497.084-383.321
-57.755)/1559.007
=3.59%

Kulicke & Soffa Industries's Net Income for the trailing twelve months (TTM) ended in Mar. 2022 was 113.766 (Jun. 2021 ) + 133.711 (Sep. 2021 ) + 133.606 (Dec. 2021 ) + 116.001 (Mar. 2022 ) = $497 Mil.
Kulicke & Soffa Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2022 was 90.936 (Jun. 2021 ) + 123.376 (Sep. 2021 ) + 95.874 (Dec. 2021 ) + 73.135 (Mar. 2022 ) = $383 Mil.
Kulicke & Soffa Industries's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2022 was 52.222 (Jun. 2021 ) + -135.928 (Sep. 2021 ) + 7.289 (Dec. 2021 ) + 134.172 (Mar. 2022 ) = $58 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.


Kulicke & Soffa Industries  (NAS:KLIC) 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. 2022, Kulicke & Soffa Industries has a Sloan Ratio of 3.59%, indicating the company is in the safe zone and there is no funny business with accruals.


Kulicke & Soffa Industries Sloan Ratio % Related Terms

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Kulicke & Soffa Industries Business Description

Kulicke & Soffa Industries logo
Industry
Technology » Semiconductors NAICS : 334413 SIC : 3674
Traded in Other Exchanges
Address
23A Serangoon North Avenue 5, No 01-01, K and S Corporate Headquarters, Singapore, SGP, 554369
Kulicke & Soffa Industries Inc is a United States-based company that is principally engaged in designing, manufacturing, and selling capital equipment and expendable tools that are used for assembling semiconductor devices. The company operates through two core segments: Capital equipment, which produces and sells a series of ball bonders, wafer-level bonders, wedge bonders, APS which produces and offers various expendable tools designed for multiple semiconductor packaging applications. The Capital equipment segment contributes the majority of total revenue. The company generates the majority of its total revenue from the overseas market, mainly in the Asia-Pacific region.
Executives
Wong Nelson Munpun officer: Senior Vice President 23A, SERANGOON NORTH AVE 5 #01-01 SINGAPORE U0 554369
Drake Stephen Ray officer: Vice President 23A SERANGOON NORTH AVENUE 5 #01-01 SINGAPORE U0 554369
Chen Fusen Ernie director, officer: President and CEO 1005 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Wong Lester A officer: Chief Financial Officer 23A, SERANGOON NORTH AVE 5 #01-01 SINGAPORE U0 554369
Chong Chan Pin officer: Executive Vice President 23A SERANGOON NORTH AVENUE 5 #01-01 SINGAPORE U0 554369
Soloveizik Zamir Shai officer: Vice President 23A SERANGOON NORTH AVENUE 5, #01-01 SINGAPORE U0 554369
Milzcik Gregory F director 1005 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Yeo Mui Sung director 23A, SERANGOON NORTH AVENUE 5 #01-01 SINGAPORE U0 554369
Lim Chin Hu director 23A, SERANGOON NORTH AVENUE 5 #01-01 SINGAPORE U0 554369
Kong Peter T M director KULICKE AND SOFFA INDUSTRIES INC. 1005 VIRGINIA DRIVE FT. WASHINGTON PA 19034
Richardson David Jeffrey director LSI LOGIC CORP 1621 BARBER LANE MILPITAS CA 95035
Pierce Garrett E director 21839 ATLANTIC BLVD DULLES VA 20166
Bachman Brian R director 1005 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Sood Deepak officer: Vice President 23A, SERANGOON NORTH AVENUE 5 #01-01 SINGAPORE U0 554369
Hoang Hoang officer: Executive Vice President 23A SERANGOON NORTH AVE 5 #01-01 SINGAPORE U0 554369

Kulicke & Soffa Industries Headlines

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