XTRA Bitcoin (XTRA Bitcoin) Sloan Ratio % : 0.00% (As of Dec. 2011)

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What is XTRA Bitcoin 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.

XTRA Bitcoin's Sloan Ratio for the quarter that ended in Dec. 2011 was 0.00%.

As of Dec. 2011, XTRA Bitcoin has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

XTRA Bitcoin Sloan Ratio % Historical Data

The historical data trend for XTRA Bitcoin'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.

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XTRA Bitcoin Sloan Ratio % Chart

XTRA Bitcoin Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Sloan Ratio %

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-21.58

-998.44

381.32

XTRA Bitcoin Quarterly Data
	Dec06	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Sloan Ratio %	Get a 7-Day Free Trial														-	-	-	-	-

Competitive Comparison of XTRA Bitcoin's Sloan Ratio %

For the Capital Markets subindustry, XTRA Bitcoin'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.

XTRA Bitcoin's Sloan Ratio % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, XTRA Bitcoin's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where XTRA Bitcoin's Sloan Ratio % falls into.

XTRA Bitcoin 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.

XTRA Bitcoin's Sloan Ratio for the fiscal year that ended in Dec. 2011 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2011 )	-	Cash Flow from Operations (A: Dec. 2011 )
	-	Cash Flow from Investing (A: Dec. 2011 ))	/	Total Assets (A: Dec. 2011 )
	=	(-0.413	-	-0.761
	-	0.001)	/	0.091
	=	381.32%

XTRA Bitcoin's Sloan Ratio for the quarter that ended in Dec. 2011 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Dec. 2011 )
	=	(-0.413	-	-0.76
	-	0)	/	0.091
	=	381.32%

XTRA Bitcoin's Net Income for the trailing twelve months (TTM) ended in Dec. 2011 was 0 (Mar. 2011 ) + -0.206 (Jun. 2011 ) + 0 (Sep. 2011 ) + -0.207 (Dec. 2011 ) = $-0.41 Mil.
XTRA Bitcoin's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2011 was 0 (Mar. 2011 ) + -0.213 (Jun. 2011 ) + -0.345 (Sep. 2011 ) + -0.202 (Dec. 2011 ) = $-0.76 Mil.
XTRA Bitcoin's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2011 was 0 (Mar. 2011 ) + 0 (Jun. 2011 ) + 0 (Sep. 2011 ) + 0 (Dec. 2011 ) = $0.00 Mil.

XTRA Bitcoin (OTCPK:CBTC) 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 Dec. 2011, XTRA Bitcoin has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

XTRA Bitcoin Sloan Ratio % Related Terms

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