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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.
Metro One Telecommunications's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.
As of Sep. 2023, Metro One Telecommunications has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
The historical data trend for Metro One Telecommunications'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.
Metro One Telecommunications Annual Data | |||||||||||||||||||||
Trend | Dec00 | Dec01 | Dec02 | Dec03 | Dec04 | Dec05 | Dec06 | Dec07 | Dec21 | Dec22 | |||||||||||
Sloan Ratio % | Get a 7-Day Free Trial | -64.31 | -48.59 | -7.06 | 14.56 | -18.56 |
Metro One Telecommunications Quarterly Data | ||||||||||||||||||||
Dec05 | Mar06 | Jun06 | Sep06 | Dec06 | Mar07 | Jun07 | Sep07 | Dec07 | Mar08 | Jun08 | Sep08 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Sloan Ratio % | Get a 7-Day Free Trial | - | -18.56 | - | - | - |
For the Software - Application subindustry, Metro One Telecommunications'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.
For the Software industry and Technology sector, Metro One Telecommunications's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Metro One Telecommunications's Sloan Ratio % falls into.
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.
Metro One Telecommunications's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Sloan Ratio | = | (Net Income (A: Dec. 2022 ) | - | Cash Flow from Operations (A: Dec. 2022 ) |
- | Cash Flow from Investing (A: Dec. 2022 )) | / | Total Assets (A: Dec. 2022 ) | |
= | (-3.927 | - | -1.802 | |
- | -1.022) | / | 5.942 | |
= | -18.56% |
Metro One Telecommunications's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as
Sloan Ratio | = | (Net Income (TTM) | - | Cash Flow from Operations (TTM)) |
- | Cash Flow from Investing (TTM)) | / | Total Assets (Q: Sep. 2023 ) | |
= | (-8.177 | - | -1.715 | |
- | 0.048) | / | 0.021 | |
= | -31,000.00% |
Metro One Telecommunications's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -1.677 (Dec. 2022 ) + -1.451 (Mar. 2023 ) + -0.706 (Jun. 2023 ) + -4.343 (Sep. 2023 ) = $-8.18 Mil. Metro One Telecommunications's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -0.948 (Dec. 2022 ) + -0.535 (Mar. 2023 ) + -0.103 (Jun. 2023 ) + -0.129 (Sep. 2023 ) = $-1.72 Mil. Metro One Telecommunications's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0.048 (Dec. 2022 ) + 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) = $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.
Metro One Telecommunications (OTCPK:WOWI) 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. 2023, Metro One Telecommunications has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Thank you for viewing the detailed overview of Metro One Telecommunications's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
James F. Hensel | officer: Chief Executive Officer | METRO ONE TELECOMMUNICATIONS, INC., 11200 MURRAY SCHOLLS PLACE, BEAVERTON OR 97007 |
Keller Richard B. Ii | director | C/O METRO ONE TELECOMMUNICATIONS, INC., 11200 SW MURRAY SCHOLLS PLACE, BEAVERTON OR 97007 |
Jeana Randall | officer: Controller | METRO ONE TELECOMMUNICATIONS, INC., 11200 MURRAY SCHOLLS PLACE, BEAVERTON OR 97007 |
Bruce Galloway | 10 percent owner | C/O GALLOWAY CAPITAL MANAGEMENT LLC, 720 FIFTH AVENUE 10TH FLOOR, NEW YORK NY 10019 |
Gary L Herman | 10 percent owner | 720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019 |
Galloway Capital Management, Llc | 10 percent owner | 1325 AVENUE OF THE AMERICAS, 26TH FLOOR, NEW YORK NY 10019 |
Strategic Turnaround Equity Partners Lp Cayman | 10 percent owner | PO BOX 2150 GT 4TH FLOOR, 1 CAYMAN FINANCIAL CENTER, GRAND CAYMAN E9 00000 |
Elchanan Maoz | director | 11200 SW MURRAY SCHOLLS PLACE, BEAVERTON OR 97007 |
Everest Special Situations Fund Lp | 10 percent owner | PLATINUM HOUSE, 21 HA'ARBA'A STREET, TEL AVIV ISREAL L3 64739 |
Maoz Everest Fund Management, Ltd. | 10 percent owner | PLATINUM HOUSE, 21 HA'ARBA'A STREET, TEL AVIV L3 64739 |
Jonathan A Ater | director | 11200 SW MURRAY SCHOLLS PLACE, BEAVERTON OR 97007 |
William K Hergenhan | officer: Interim CFO | 11200 MURRAY SCHOLLS PLACE, BEAVERTON OR 97007 |
Lynne L Michaelson | officer: Senior Vice President - HR | 11200 MURRAY SCHOLLS PLACE, BEAVERTON OR 97007 |
John S Miller | officer: Sr. VP Voice Technology | 11200 MURRAY SCHOLLS PLACE, BEAVERTON OR 97007 |
Philip A Ljubicich | officer: President, M1 Data & Analytics | 11200 MURRAY SCHOLLS PLACE, BEAVERTON OR 97007 |
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