iOThree
Through the investors’ lenses
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 1/4
| Measure | IOTR | Checked against | |
|---|---|---|---|
| Owner earnings | $-162.42k | positive | ✗ |
| Return on equity | -0.2% | median 11.7% | ✗ |
| Debt to equity | 0.04x | median 0.79x | ✓ |
| Operating margin | -0.4% | median 15.0% | ✗ |
Passes 1 of 4. To be clear: Warren Buffett has never said anything about iOThree. These are the company’s own figures put through the tests he described. What he looks at, and why →
Terry Smith 1/3
| Measure | IOTR | Checked against | |
|---|---|---|---|
| Return on capital employed | -1.6% | median 10.1% | ✗ |
| Cash conversion | — | median 1.78x | — |
| Operating margin | -0.4% | median 15.0% | ✗ |
| Debt to equity | 0.04x | median 0.79x | ✓ |
Passes 1 of 3. To be clear: Terry Smith has never said anything about iOThree. These are the company’s own figures put through the tests he described. What he looks at, and why →
Charlie Munger 0/3
| Measure | IOTR | Checked against | |
|---|---|---|---|
| Return on capital employed | -1.6% | median 10.1% | ✗ |
| Return on equity | -0.2% | median 11.7% | ✗ |
| Operating margin | -0.4% | median 15.0% | ✗ |
Passes 0 of 3. To be clear: Charlie Munger has never said anything about iOThree. These are the company’s own figures put through the tests he described. What he looks at, and why →
Chuck Akre 1/2
| Measure | IOTR | Checked against | |
|---|---|---|---|
| Return on equity | -0.2% | median 11.7% | ✗ |
| Debt to equity | 0.04x | median 0.79x | ✓ |
| Cash conversion | — | median 1.78x | — |
Passes 1 of 2. To be clear: Chuck Akre has never said anything about iOThree. These are the company’s own figures put through the tests he described. What he looks at, and why →
Philip Fisher 0/3
| Measure | IOTR | Checked against | |
|---|---|---|---|
| Operating margin | -0.4% | median 15.0% | ✗ |
| Net margin | -0.1% | median 10.2% | ✗ |
| Return on capital employed | -1.6% | median 10.1% | ✗ |
Passes 0 of 3. To be clear: Philip Fisher has never said anything about iOThree. These are the company’s own figures put through the tests he described. What he looks at, and why →
Walter Schloss 2/2
| Measure | IOTR | Checked against | |
|---|---|---|---|
| Current ratio | 1.27x | median 1.25x | ✓ |
| Debt to equity | 0.04x | median 0.79x | ✓ |
Passes 2 of 2. To be clear: Walter Schloss has never said anything about iOThree. These are the company’s own figures put through the tests he described. What he looks at, and why →
Benjamin Graham 1/2
| Measure | IOTR | Checked against | |
|---|---|---|---|
| Current ratio | 1.27x | 2.00x published | ✗ |
| Long-term debt to working capital | 0.09x | 1.00x published | ✓ |
Passes 1 of 2. To be clear: Benjamin Graham has never said anything about iOThree. These are the company’s own figures put through the tests he described. What he looks at, and why →
Joel Greenblatt 0/1
| Measure | IOTR | Checked against | |
|---|---|---|---|
| Return on capital employed | -1.6% | median 10.1% | ✗ |
Passes 0 of 1. To be clear: Joel Greenblatt has never said anything about iOThree. These are the company’s own figures put through the tests he described. What he looks at, and why →
Peter Lynch 1/2
| Measure | IOTR | Checked against | |
|---|---|---|---|
| Debt to equity | 0.04x | median 0.79x | ✓ |
| Net margin | -0.1% | median 10.2% | ✗ |
Passes 1 of 2. To be clear: Peter Lynch has never said anything about iOThree. These are the company’s own figures put through the tests he described. What he looks at, and why →
Last usable year: 2024-03-31 — 29 months ago. Nothing filed since gives the figures a payout ratio needs. For a company that once paid, that usually means it stopped.
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | negative | whyLost $0.0019 per share — no earnings to pay from. |
| Operating cash flow | 17.0% | whyBefore capital spending. |
| Free cash flow | 23.9% | whyAfter maintaining the business. |
Spread between highest and lowest: 6.9 percentage points. Same filings, different denominators.
Coverage rating 42 / 100 — Tight. ? Peer standing 28/50Direction 4/30Stability 10/20
Free cash flow payout, last 2 years
| Fiscal year | Payout |
|---|---|
| 2024-03-31 | 23.9% |
| 2023-03-31 | 10.9% |
56% of the 25 communications here pay out more.
The arithmetic
- GAAP earnings — dividends declared per share $1.98 ÷ diluted EPS $-0.0019
- Operating cash flow — dividends paid $278k ÷ operating cash flow $1.63m
- Free cash flow — dividends paid $278k ÷ (operating cash flow $1.63m − capex $468k)
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
All public at sec.gov — you should not have to take our word for 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 straight from SEC XBRL. A number that looks wrong to you is more useful to us than agreement — tell us.
What the free cash flow payout ratio measures, and where every company here sits on it.
Also on: rated tight · when it files.
When this changes
Every figure above is recomputed whenever iOThree files. The monthly letter carries what filed, what moved, and one finding computed across every company here.