iOThree Ltd (IOTR) — payout ratio, three ways
Fiscal year ending 2024-03-31 · sector Communications · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | negative | The company lost $0.00 per share, so there are no earnings to pay a dividend out of and no ratio exists. |
| Operating cash flow | 17.0% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | 23.9% | What is left after maintaining the business. |
Spread between highest and lowest: 7 percentage points. Same filings, different denominators.
Coverage rating 40 / 100 — Tight. ? Peer standing 26/50Direction 4/30Stability 10/20
Free cash flow payout, last 2 years
| Fiscal year | Payout |
|---|---|
| 2024-03-31 | 23.9% |
| 2023-03-31 | 10.9% |
Among the 27 communications companies here, 52% pay out a larger share on this basis.
The arithmetic
- GAAP earnings — dividends declared per share $1.98 ÷ diluted EPS $-0.00
- Operating cash flow — dividends paid $0.3m ÷ operating cash flow $1.6m
- Free cash flow — dividends paid $0.3m ÷ (operating cash flow $1.6m − capex $0.5m)
Where the figures came from
- 20-F filed 2026-07-07 · accession
0001213900-26-075976 - 20-F/A filed 2025-08-06 · accession
0001213900-25-072615
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- DPS $1.98 filed as declared, but dividends paid imply $0.12 — one of the two underlying facts is wrong. The filed per-share figure is used.
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.