What is Integrated Media Technology 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.
When sloan ratio (47.18)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2023, Integrated Media Technology has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Integrated Media Technology Sloan Ratio % Historical Data
* 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 Integrated Media Technology's Sloan Ratio %
For the Electronic Components subindustry, Integrated Media Technology'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.
Integrated Media Technology's Sloan Ratio % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Integrated Media Technology's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Integrated Media Technology's Sloan Ratio % falls into.
Integrated Media Technology 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Integrated Media Technology's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was -7.664 (Dec. 2022 ) + 0.568 (Jun. 2023 ) = $-7.10 Mil.
Integrated Media Technology's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was -5.177 (Dec. 2022 ) + -0.409 (Jun. 2023 ) = $-5.59 Mil.
Integrated Media Technology's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was -3.567 (Dec. 2022 ) + 0 (Jun. 2023 ) = $-3.57 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.
Integrated Media Technology (NAS:IMTE) 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 Jun. 2023, Integrated Media Technology has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Integrated Media Technology Sloan Ratio % Related Terms
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Integrated Media Technology (Integrated Media Technology) Business Description
Integrated Media Technology Ltd is engaged in the development, sale, and distribution of autostereoscopic 3D display, 3D conversion equipment, and software, development, and sale of 3D autostereoscopic technology, and the provision of 3D consultancy services. It operates through the following segments: the development, sale and distribution of autostereoscopic 3D displays, conversion equipment, software and technology solutions, and others, Sales of air-filter products, provision of consultancy services, and Sales of Halal products.
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