Groove Botanicals (Groove Botanicals) Sloan Ratio % : 0.00% (As of Sep. 2023)

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What is Groove Botanicals 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.

Groove Botanicals's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.

As of Sep. 2023, Groove Botanicals has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Groove Botanicals Sloan Ratio % Historical Data

The historical data trend for Groove Botanicals'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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Groove Botanicals Sloan Ratio % Chart

Groove Botanicals Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Sloan Ratio %

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-16.33

-9.81

16.13

-576.47

Groove Botanicals Semi-Annual Data
	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Sep22	Sep23
Sloan Ratio %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Groove Botanicals's Sloan Ratio %

For the Oil & Gas E&P subindustry, Groove Botanicals'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.

Groove Botanicals's Sloan Ratio % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Groove Botanicals's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Groove Botanicals's Sloan Ratio % falls into.

Groove Botanicals 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.

Groove Botanicals's Sloan Ratio for the fiscal year that ended in Mar. 2017 is calculated as

Sloan Ratio	=	(Net Income (A: Mar. 2017 )	-	Cash Flow from Operations (A: Mar. 2017 )
	-	Cash Flow from Investing (A: Mar. 2017 ))	/	Total Assets (A: Mar. 2017 )
	=	(-0.235	-	-0.104
	-	0)	/	0.325
	=	-40.31%

Groove Botanicals'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 )
	=	(-0.183	-	-0.107
	-	0)	/	0.003
	=	-2,533.33%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Groove Botanicals's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -0.078 (Sep. 2022 ) + -0.105 (Sep. 2023 ) = $-0.18 Mil.
Groove Botanicals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -0.062 (Sep. 2022 ) + -0.045 (Sep. 2023 ) = $-0.11 Mil.
Groove Botanicals's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Sep. 2022 ) + 0 (Sep. 2023 ) = $0.00 Mil.

Groove Botanicals (OTCPK:GRVE) 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, Groove Botanicals has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Groove Botanicals Sloan Ratio % Related Terms

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