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.
* 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 Partner Communications Co's Sloan Ratio %
For the Telecom Services subindustry, Partner Communications Co'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.
Partner Communications Co's Sloan Ratio % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Partner Communications Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Partner Communications Co's Sloan Ratio % falls into.
Partner Communications Co 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.
Partner Communications Co's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Partner Communications Co's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 7.315 (Mar. 2023 ) + 14.108 (Jun. 2023 ) + 14.631 (Sep. 2023 ) + 6.532 (Dec. 2023 ) = $42.6 Mil.
Partner Communications Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 50.686 (Mar. 2023 ) + 72.632 (Jun. 2023 ) + 173.22 (Sep. 2023 ) + 169.301 (Dec. 2023 ) = $465.8 Mil.
Partner Communications Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -50.163 (Mar. 2023 ) + -31.091 (Jun. 2023 ) + -20.901 (Sep. 2023 ) + -80.47 (Dec. 2023 ) = $-182.6 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.
Partner Communications Co (OTCPK:PTNRY) 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 Dec. 2023, Partner Communications Co has a Sloan Ratio of -19.06%, indicating there is a warning stage of accrual build up.
Partner Communications Co Sloan Ratio % Related Terms
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Partner Communications Co (Partner Communications Co) Business Description
Partner Communications Co Ltd is an Israeli-based telecommunications company. It provides a wide integrated and customized range of cellular and fixed-line telecommunication services, including infrastructure, international long-distance (ILD), internet services provider (ISP), television, and other services. The cellular business segment represents the portion of total revenues, and it offers services such as airtime calls, international roaming services, text messaging, internet browsing, value-added and content services, and services provided to other operators that use the company's cellular network.
Partner Communications Co (Partner Communications Co) Headlines
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