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.
As of Dec. 2023, Current Water Technologies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Current Water Technologies Sloan Ratio % Historical Data
* 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.
Competitive Comparison of Current Water Technologies's Sloan Ratio %
For the Pollution & Treatment Controls subindustry, Current Water Technologies'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.
Current Water Technologies's Sloan Ratio % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Current Water Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Current Water Technologies's Sloan Ratio % falls into.
Current Water Technologies 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.
Current Water Technologies's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 0.24 (Mar. 2023 ) + 0.102 (Jun. 2023 ) + 0.251 (Sep. 2023 ) + -0.165 (Dec. 2023 ) = $0.43 Mil.
Current Water Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 0.163 (Mar. 2023 ) + -0.014 (Jun. 2023 ) + 0.121 (Sep. 2023 ) + -0.15 (Dec. 2023 ) = $0.12 Mil.
Current Water Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -0.003 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = $-0.00 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.
Current Water Technologies (OTCPK:ENPRF) 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.
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. 2023, Current Water Technologies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Current Water Technologies Sloan Ratio % Related Terms
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Current Water Technologies (Current Water Technologies) Business Description
Current Water Technologies Inc is engaged in the development of environmental technologies. The company offers advanced technology for the treatment of industrial and municipal wastewater and drinking water resources. It offers technology such as electro-static deionization and the treatment of total ammonia (AmmEL). Electro-static deionization is a capacitive deionization technology for the removal of total dissolved solids, whereas AmmEL is an ammonia removal technology to treat ammonia contaminated water. It operates through the following segments: The current Water segment and the Pumptronics segment. The firm generates the majority of revenue from the Pumptronics segment which develops hydraulic fluid systems to move water and other liquids.
Current Water Technologies (Current Water Technologies) Headlines
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