Arnest One (TSE:8895) Sloan Ratio % : 15.94% (As of Dec. 2013)

Arnest One Sloan Ratio % Chart

Arnest One Annual Data
	Trend	Mar05	Mar06	Mar07	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13
Sloan Ratio %		Get a 7-Day Free Trial				-52.20	-17.44	16.21	-1.76	9.68

Arnest One Quarterly Data
	Mar05	Mar06	Mar07	Mar08	Mar10	Mar11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Sloan Ratio %	Get a 7-Day Free Trial									-	9.68	25.61	23.62	15.94

Competitive Comparison of Arnest One's Sloan Ratio %

For the Residential Construction subindustry, Arnest One'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.

Arnest One's Sloan Ratio % Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Arnest One's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Arnest One's Sloan Ratio % falls into.

Arnest One 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.

Arnest One's Sloan Ratio for the fiscal year that ended in Mar. 2013 is calculated as

Arnest One's Sloan Ratio for the quarter that ended in Dec. 2013 is calculated as

Arnest One's Net Income for the trailing twelve months (TTM) ended in Dec. 2013 was 2903 (Mar. 2013 ) + 2133 (Jun. 2013 ) + 3190 (Sep. 2013 ) + 3133 (Dec. 2013 ) = 円11,359 Mil.
Arnest One's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was 17039 (Mar. 2013 ) + -18238 (Jun. 2013 ) + 523 (Sep. 2013 ) + -6308 (Dec. 2013 ) = 円-6,984 Mil.
Arnest One's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2013 was -182 (Mar. 2013 ) + -135 (Jun. 2013 ) + -121 (Sep. 2013 ) + -114 (Dec. 2013 ) = 円-552 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.

Arnest One  (TSE:8895) 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. 2013, Arnest One has a Sloan Ratio of 15.94%, indicating there is a warning stage of accrual build up.

Arnest One Sloan Ratio % Related Terms

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Arnest One (TSE:8895) Business Description