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Virgin Orbit Holdings (Virgin Orbit Holdings) Sloan Ratio % : 19.34% (As of Dec. 2022)


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What is Virgin Orbit Holdings 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.

Virgin Orbit Holdings's Sloan Ratio for the quarter that ended in Dec. 2022 was 19.34%.

As of Dec. 2022, Virgin Orbit Holdings has a Sloan Ratio of 19.34%, indicating there is a warning stage of accrual build up.


Virgin Orbit Holdings Sloan Ratio % Historical Data

The historical data trend for Virgin Orbit Holdings'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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Virgin Orbit Holdings Sloan Ratio % Chart

Virgin Orbit Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Sloan Ratio %
3.86 34.45 8.13 19.34

Virgin Orbit Holdings Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 8.13 6.78 13.86 18.35 19.34

Competitive Comparison of Virgin Orbit Holdings's Sloan Ratio %

For the Aerospace & Defense subindustry, Virgin Orbit Holdings'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.


Virgin Orbit Holdings's Sloan Ratio % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Virgin Orbit Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Virgin Orbit Holdings's Sloan Ratio % falls into.



Virgin Orbit Holdings 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.

Virgin Orbit Holdings'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 )
=(-191.158--219.287
--18.447)/240.804
=19.34%

Virgin Orbit Holdings's Sloan Ratio for the quarter that ended in Dec. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2022 )
=(-191.158--219.287
--18.447)/240.804
=19.34%

Virgin Orbit Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2022 was -62.57 (Mar. 2022 ) + -33.292 (Jun. 2022 ) + -43.643 (Sep. 2022 ) + -51.653 (Dec. 2022 ) = $-191.16 Mil.
Virgin Orbit Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2022 was -61.627 (Mar. 2022 ) + -50.688 (Jun. 2022 ) + -45.676 (Sep. 2022 ) + -61.296 (Dec. 2022 ) = $-219.29 Mil.
Virgin Orbit Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2022 was -4.996 (Mar. 2022 ) + -5.261 (Jun. 2022 ) + -6.768 (Sep. 2022 ) + -1.422 (Dec. 2022 ) = $-18.45 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.


Virgin Orbit Holdings  (OTCPK:VORBQ) 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 Dec. 2022, Virgin Orbit Holdings has a Sloan Ratio of 19.34%, indicating there is a warning stage of accrual build up.


Virgin Orbit Holdings Sloan Ratio % Related Terms

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Virgin Orbit Holdings (Virgin Orbit Holdings) Business Description

Traded in Other Exchanges
N/A
Address
4022 East Conant Street, Long Beach, CA, USA, 90808
Virgin Orbit Holdings Inc is a vertically integrated space company that provides customers with dedicated small satellite launch capabilities. Its launches have delivered satellites to orbit for customers across commercial, civil, and national security and defense markets, both domestically and internationally.
Executives
Jill Kathleen Frizzley director P.O. BOX 1541, ONE BLUE HILL PLAZA, PEARL RIVER NY 10965
Alan Jeffrey Carr director 8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Corvina Holdings Ltd 10 percent owner LA MOTTE CHAMBERS, ST HELIER X0 JE1 1BJ
Virgin Group Holdings Ltd 10 percent owner LA MOTTE CHAMBERS, ST HELIER, JERSEY X0 JE1 1BJ
Virgin Investments Ltd 10 percent owner LA MOTTE CHAMBERS, ST HELIER Y9 X0 JE1 1BJ
Sir Richard Branson 10 percent owner RICHARD'S HOUSE, THE VALLEY, VIRGIN GORDA, NECKER ISLAND D8 POBOX 1091
Katharina G. Mcfarland director 4803 STONECROFT BOULEVARD, CHANTILLY VA 20151
Mubadala Investment Co Pjsc 10 percent owner P.O. BOX 45005, ABU DHABI C0 00000
Mamoura Diversified Global Holding Pjsc 10 percent owner P. O. BOX 45005, ABU DHABI C0 UAE
Fifteenth Investment Co Llc 10 percent owner C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808
Vieco 10 Ltd 10 percent owner CRAIGMUIR CHAMBERS, P.O. BOX 71, ROAD TOWN, TORTOLA D8 VG1110
Shadid Abdulla Mohamed Ismail Ibrahim director C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808
Daniel M Hart director, officer: Chief Executive Officer C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808
Derrick Osmond Boston officer: Chief Legal Officer C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808
Brita Eve O'rear officer: Chief Financial Officer C/O VIRGIN ORBIT, 4022 EAST CONANT STREET, LONG BEACH CA 90808