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.
EzFill Holdings's Sloan Ratio for the quarter that ended in Mar. 2024 was 0.00%.
Warning Sign:
When sloan ratio (-104.95)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2024, EzFill Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
EzFill Holdings Sloan Ratio % Historical Data
The historical data trend for EzFill 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.
Competitive Comparison of EzFill Holdings's Sloan Ratio %
For the Software - Application subindustry, EzFill 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.
EzFill Holdings's Sloan Ratio % Distribution in the Software Industry
For the Software industry and Technology sector, EzFill Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where EzFill Holdings's Sloan Ratio % falls into.
EzFill 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.
EzFill Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
EzFill Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -2.469 (Jun. 2023 ) + -2.227 (Sep. 2023 ) + -3.428 (Dec. 2023 ) + -1.899 (Mar. 2024 ) = $-10.02 Mil.
EzFill Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -1.385 (Jun. 2023 ) + -1.541 (Sep. 2023 ) + -1.204 (Dec. 2023 ) + -1.14 (Mar. 2024 ) = $-5.27 Mil.
EzFill Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0.999 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0.021 (Dec. 2023 ) + -0.012 (Mar. 2024 ) = $1.01 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.
EzFill Holdings (NAS:EZFL) 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, EzFill Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
EzFill Holdings Sloan Ratio % Related Terms
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EzFill Holdings (EzFill Holdings) Business Description
EzFill Holdings Inc is an application based on-demand fuel delivery company in Florida and the mobile fueling company that combines on-demand fills and subscription services which fill customer vehicles on routine intervals. It provides fuel-delivery on-demand or in subscription to fill customer vehicles on routine intervals for the consumer, fleet, marine, and other specialty markets. EzFill's app-based platform brings the gas station to customers with a growing fleet of EzFill-branded, Mobile Fueling Trucks. The company provides gas delivery via Mobile Fueling Trucks in the greater South Florida area as well as in the West Palm Beach, Jacksonville, Tampa, and Orlando areas, and expect to soon begin fueling in other areas in Florida.
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