Cal Bay International (Cal Bay International) Sloan Ratio % : 37.58% (As of Sep. 2006)

Cal Bay International Sloan Ratio % Chart

Cal Bay International Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Sloan Ratio %	Get a 7-Day Free Trial															-	-3.42	-2.60	57.57	37.58

Competitive Comparison of Cal Bay International's Sloan Ratio %

For the Capital Markets subindustry, Cal Bay International'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.

Cal Bay International's Sloan Ratio % Distribution in the Capital Markets Industry

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

* The bar in red indicates where Cal Bay International's Sloan Ratio % falls into.

Cal Bay International 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.

Cal Bay International's Sloan Ratio for the fiscal year that ended in Dec. 2005 is calculated as

Cal Bay International's Sloan Ratio for the quarter that ended in Sep. 2006 is calculated as

Cal Bay International's Net Income for the trailing twelve months (TTM) ended in Sep. 2006 was -0.572 (Dec. 2005 ) + -1.647 (Mar. 2006 ) + 5.402 (Jun. 2006 ) + -0.914 (Sep. 2006 ) = $2.27 Mil.
Cal Bay International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2006 was -1.347 (Dec. 2005 ) + -1.671 (Mar. 2006 ) + -0.633 (Jun. 2006 ) + 1.552 (Sep. 2006 ) = $-2.10 Mil.
Cal Bay International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2006 was -0.85 (Dec. 2005 ) + 0.005 (Mar. 2006 ) + -13.361 (Jun. 2006 ) + 14.256 (Sep. 2006 ) = $0.05 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.

Cal Bay International  (OTCPK:CBYI) 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. 2006, Cal Bay International has a Sloan Ratio of 37.58%, indicating there is a warning stage of accrual build up.

Cal Bay International Sloan Ratio % Related Terms

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Cal Bay International (Cal Bay International) Business Description