Emirates Integrated Telecommunications Co PJSC (DFM:DU) Sloan Ratio % : 1.19% (As of Mar. 2024)

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What is Emirates Integrated Telecommunications Co PJSC 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.

Emirates Integrated Telecommunications Co PJSC's Sloan Ratio for the quarter that ended in Mar. 2024 was 1.19%.

As of Mar. 2024, Emirates Integrated Telecommunications Co PJSC has a Sloan Ratio of 1.19%, indicating the company is in the safe zone and there is no funny business with accruals.

Emirates Integrated Telecommunications Co PJSC Sloan Ratio % Historical Data

The historical data trend for Emirates Integrated Telecommunications Co PJSC'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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Emirates Integrated Telecommunications Co PJSC Sloan Ratio % Chart

Emirates Integrated Telecommunications Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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-7.90

-6.88

-3.72

-3.41

0.43

Emirates Integrated Telecommunications Co PJSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Sloan Ratio %	Get a 7-Day Free Trial															-5.11	-1.45	-0.97	0.43	1.19

Competitive Comparison of Emirates Integrated Telecommunications Co PJSC's Sloan Ratio %

For the Telecom Services subindustry, Emirates Integrated Telecommunications Co PJSC'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.

Emirates Integrated Telecommunications Co PJSC's Sloan Ratio % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Emirates Integrated Telecommunications Co PJSC's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Emirates Integrated Telecommunications Co PJSC's Sloan Ratio % falls into.

Emirates Integrated Telecommunications Co PJSC 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.

Emirates Integrated Telecommunications Co PJSC's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(1667.851	-	4425.366
	-	-2834.2)	/	17703.736
	=	0.43%

Emirates Integrated Telecommunications Co PJSC's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Mar. 2024 )
	=	(1900.285	-	4726.078
	-	-3046.452)	/	18487.165
	=	1.19%

Emirates Integrated Telecommunications Co PJSC's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 397.206 (Jun. 2023 ) + 503.759 (Sep. 2023 ) + 396.404 (Dec. 2023 ) + 602.916 (Mar. 2024 ) = د.إ1,900 Mil.
Emirates Integrated Telecommunications Co PJSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -382.458 (Jun. 2023 ) + 1891.35 (Sep. 2023 ) + 1886.798 (Dec. 2023 ) + 1330.388 (Mar. 2024 ) = د.إ4,726 Mil.
Emirates Integrated Telecommunications Co PJSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 76.733 (Jun. 2023 ) + -1159.804 (Sep. 2023 ) + -1300.779 (Dec. 2023 ) + -662.602 (Mar. 2024 ) = د.إ-3,046 Mil.

Emirates Integrated Telecommunications Co PJSC (DFM:DU) 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 Mar. 2024, Emirates Integrated Telecommunications Co PJSC has a Sloan Ratio of 1.19%, indicating the company is in the safe zone and there is no funny business with accruals.

Emirates Integrated Telecommunications Co PJSC Sloan Ratio % Related Terms

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Emirates Integrated Telecommunications Co PJSC (DFM:DU) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Emirates Integrated Telecommunications Co PJSC (DFM:DU) » Definitions » Sloan Ratio %

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Address

Al Salam Tower, Dubai Media City, P.O. Box 502666, Dubai, ARE

Website

http://www.du.ae

Emirates Integrated Telecommunications Co PJSC is a telecommunication service provider. The company provides telecommunications and entertainment services to customers in the UAE. It is organized into four business segments: Mobile, Fixed, Wholesale, and Others Segment. Mobile Segment, which derives the company's revenue, offers mobility services to the enterprise and consumer market; the Fixed Segment provides wireline services; Wholesale Segment provides voice and data services to national and international carriers and operators, and Others include broadcasting services, international roaming, site sharing, etc.

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