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Datacolor AG (XSWX:DCN) Sloan Ratio % : 7.23% (As of Sep. 2023)


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What is Datacolor AG Sloan Ratio %?

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.

Datacolor AG's Sloan Ratio for the quarter that ended in Sep. 2023 was 7.23%.

As of Sep. 2023, Datacolor AG has a Sloan Ratio of 7.23%, indicating the company is in the safe zone and there is no funny business with accruals.


Datacolor AG Sloan Ratio % Historical Data

The historical data trend for Datacolor AG'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.

Datacolor AG Sloan Ratio % Chart

Datacolor AG Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.13 8.57 1.72 0.15 7.03

Datacolor AG Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Sloan Ratio % Get a 7-Day Free Trial 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 1.75 -6.46 0.34 11.85 7.23

Competitive Comparison of Datacolor AG's Sloan Ratio %

For the Scientific & Technical Instruments subindustry, Datacolor AG'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.


Datacolor AG's Sloan Ratio % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Datacolor AG's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Datacolor AG's Sloan Ratio % falls into.



Datacolor AG 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.

Datacolor AG's Sloan Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Sloan Ratio=(Net Income (A: Sep. 2023 )-Cash Flow from Operations (A: Sep. 2023 )
-Cash Flow from Investing (A: Sep. 2023 ))/Total Assets (A: Sep. 2023 )
=(9.783-8.304
--4.567)/86.006
=7.03%

Datacolor AG's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2023 )
=(9.943-8.307
--4.58)/86.006
=7.23%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Datacolor AG's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 5.716 (Mar. 2023 ) + 4.227 (Sep. 2023 ) = CHF9.94 Mil.
Datacolor AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 0.119 (Mar. 2023 ) + 8.188 (Sep. 2023 ) = CHF8.31 Mil.
Datacolor AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -0.472 (Mar. 2023 ) + -4.108 (Sep. 2023 ) = CHF-4.58 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.


Datacolor AG  (XSWX:DCN) 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 Sep. 2023, Datacolor AG has a Sloan Ratio of 7.23%, indicating the company is in the safe zone and there is no funny business with accruals.


Datacolor AG Sloan Ratio % Related Terms

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Datacolor AG (XSWX:DCN) Business Description

Traded in Other Exchanges
N/A
Address
Grundstrasse 12, Rotkreuz, CHE, 6343
Datacolor AG provides digital color management solutions and supplies software, hardware, and other services for accurate color reproduction of materials, products, and photographs. Geographically the company exports its services to Europe, Americas, and the Asia Pacific. The Asia Pacific region generates maximum revenue for the company. Some of its products include SpectraVision V, Spectro 1000X, Spyder X2 SpyderCheckr, , Colibri Analytics and ColorReader.

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