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Edoc Acquisition (Edoc Acquisition) Sloan Ratio % : -136.03% (As of Sep. 2023)


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What is Edoc Acquisition 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.

Edoc Acquisition's Sloan Ratio for the quarter that ended in Sep. 2023 was -136.03%.

Warning Sign:

When sloan ratio (-362.91)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Sep. 2023, Edoc Acquisition has a Sloan Ratio of -136.03%, indicating earnings are more likely to be made up of accruals.


Edoc Acquisition Sloan Ratio % Historical Data

The historical data trend for Edoc Acquisition'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.

* Premium members only.

Edoc Acquisition Sloan Ratio % Chart

Edoc Acquisition Annual Data
Trend Dec20 Dec21 Dec22
Sloan Ratio %
- 0.84 -362.91

Edoc Acquisition Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - -201.41 -136.03

Competitive Comparison of Edoc Acquisition's Sloan Ratio %

For the Shell Companies subindustry, Edoc Acquisition'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.


Edoc Acquisition's Sloan Ratio % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Edoc Acquisition's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Edoc Acquisition's Sloan Ratio % falls into.



Edoc Acquisition 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.

Edoc Acquisition'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 )
=(-7.686--1.46
-71.455)/21.405
=-362.91%

Edoc Acquisition'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 )
=(-1.999--1.044
-12.017)/9.536
=-136.03%

Edoc Acquisition's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -1.041 (Dec. 2022 ) + -0.431 (Mar. 2023 ) + -0.275 (Jun. 2023 ) + -0.252 (Sep. 2023 ) = $-2.00 Mil.
Edoc Acquisition's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -0.49 (Dec. 2022 ) + -0.235 (Mar. 2023 ) + -0.196 (Jun. 2023 ) + -0.123 (Sep. 2023 ) = $-1.04 Mil.
Edoc Acquisition's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -0.135 (Dec. 2022 ) + 12.164 (Mar. 2023 ) + -0.128 (Jun. 2023 ) + 0.116 (Sep. 2023 ) = $12.02 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.


Edoc Acquisition  (NAS:ADOC) 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, Edoc Acquisition has a Sloan Ratio of -136.03%, indicating earnings are more likely to be made up of accruals.


Edoc Acquisition Sloan Ratio % Related Terms

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Edoc Acquisition (Edoc Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
7612 Main Street Fishers, Suite 200, Victor, NY, USA, 14564
Edoc Acquisition Corp is a blank check company.
Executives
Yan Michael Li director 7612 MAIN STREET FISHERS SUITE 200, VICTOR NY 14564
Jintao Zheng director 7612 MAIN STREET FISHERS SUITE 200, VICTOR NY 14564
Yakira Capital Management, Inc. 10 percent owner 1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880
Bob Yunjun Ai director 444 WASHINGTON BLVD, SUITE 3338, JERSEY CITY NJ 07310
Jiuji Yan director 7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
Gang Li director 7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
Xiaoping Becky Zhang 10 percent owner 7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
Kevin Chen director, officer: Chief Executive Officer 7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564
American Physicians Llc 10 percent owner 7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564

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