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.
Hathway Cable & Datacom's Sloan Ratio for the quarter that ended in Mar. 2024 was 0.00%.
As of Mar. 2024, Hathway Cable & Datacom has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Hathway Cable & Datacom Sloan Ratio % Historical Data
The historical data trend for Hathway Cable & Datacom'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.
For the Entertainment subindustry, Hathway Cable & Datacom'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.
Hathway Cable & Datacom Sloan Ratio % Distribution
For the Media - Diversified industry and Communication Services sector, Hathway Cable & Datacom's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Hathway Cable & Datacom's Sloan Ratio % falls into.
Hathway Cable & Datacom 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.
Hathway Cable & Datacom's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Hathway Cable & Datacom's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 223.6 (Jun. 2023 ) + 200.6 (Sep. 2023 ) + 223.4 (Dec. 2023 ) + 345.7 (Mar. 2024 ) = ₹993 Mil.
Hathway Cable & Datacom's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = ₹0 Mil.
Hathway Cable & Datacom's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = ₹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.
Hathway Cable & Datacom (NSE:HATHWAY) 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 Mar. 2024, Hathway Cable & Datacom has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Hathway Cable & Datacom Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Hathway Cable & Datacom's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hathway Cable & Datacom (NSE:HATHWAY) Business Description
Hathway Cable & Datacom Ltd is an India-based Multi System Operator engaged in providing cable television (TV) network services, broadband services, and allied services. The product range of the company includes digital and analogue cable television, broadband and local television channels. The products offered under the digital cable television services are HD Personal Video Recorder, Hathway SD, and Hathway HD. The company provides TV services in digital mode. In addition, it also offers features like video on demand, an electronic programming guide, and other features. It generates the majority of the revenue from Cable television services. The Group has two reportable segments: Broadband Business and Cable Television.
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