What is Evolv Technologies 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.
* 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 Evolv Technologies Holdings's Sloan Ratio %
For the Security & Protection Services subindustry, Evolv Technologies 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.
Evolv Technologies Holdings's Sloan Ratio % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Evolv Technologies Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Evolv Technologies Holdings's Sloan Ratio % falls into.
Evolv Technologies 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.
Evolv Technologies Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -66.754 (Jun. 2023 ) + 5.999 (Sep. 2023 ) + -16.89 (Dec. 2023 ) + -11.644 (Mar. 2024 ) = $-89.29 Mil.
Evolv Technologies Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -5.321 (Jun. 2023 ) + 2.097 (Sep. 2023 ) + -3.143 (Dec. 2023 ) + -16.083 (Mar. 2024 ) = $-22.45 Mil.
Evolv Technologies Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -50.079 (Jun. 2023 ) + -28.676 (Sep. 2023 ) + -30.32 (Dec. 2023 ) + -6.788 (Mar. 2024 ) = $-115.86 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.
Evolv Technologies Holdings (NAS:EVLV) 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 Mar. 2024, Evolv Technologies Holdings has a Sloan Ratio of 17.37%, indicating there is a warning stage of accrual build up.
Evolv Technologies Holdings Sloan Ratio % Related Terms
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Evolv Technologies Holdings (Evolv Technologies Holdings) Business Description
Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.
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