GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Coliseum Acquisition Corp (NAS:MITA) » Definitions » Sloan Ratio %

Coliseum Acquisition (Coliseum Acquisition) Sloan Ratio % : 0.00% (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Coliseum Acquisition 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.

Coliseum Acquisition's Sloan Ratio for the quarter that ended in Mar. 2024 was 0.00%.

Warning Sign:

When sloan ratio (-397.01)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Mar. 2024, Coliseum Acquisition has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Coliseum Acquisition Sloan Ratio % Historical Data

The historical data trend for Coliseum Acquisition'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.

* Premium members only.

Coliseum Acquisition Sloan Ratio % Chart

Coliseum Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Sloan Ratio %
- - -397.01

Coliseum Acquisition Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Coliseum Acquisition's Sloan Ratio %

For the Shell Companies subindustry, Coliseum Acquisition'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.


Coliseum Acquisition's Sloan Ratio % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Coliseum Acquisition's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Coliseum Acquisition's Sloan Ratio % falls into.



Coliseum Acquisition 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.

Coliseum Acquisition's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(3.1--0.274
-126.329)/30.97
=-397.01%

Coliseum Acquisition's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2024 )
=(2.159--0.107
-0)/31.423
=7.21%

Coliseum Acquisition's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 1.361 (Jun. 2023 ) + 0.633 (Sep. 2023 ) + 0.407 (Dec. 2023 ) + -0.242 (Mar. 2024 ) = $2.16 Mil.
Coliseum Acquisition's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -0.107 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = $-0.11 Mil.
Coliseum Acquisition's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = $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.


Coliseum Acquisition  (NAS:MITA) 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 Mar. 2024, Coliseum Acquisition has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Coliseum Acquisition Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Coliseum Acquisition's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Coliseum Acquisition (Coliseum Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
80 Pine Street, Suite 3202, New York, NY, USA, 10005
Coliseum Acquisition Corp is a blank check company.
Executives
Walter E Skowronski director 6903 ROCKLEDGE DRIVE, BETHESDA MD 20817
Roland Rapp director 27442 PORTOLA PARKWAY, SUITE 200, FOOTHILL RANCH CA 92610
Charles Wert officer: Chief Executive Officer 200 PARK AVENUE, NEW YORK NY 10166
Kenneth Rivers director C/O COLISEUM ACQUISITION CORP., 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Oanh Truong officer: Chief Financial Officer C/O COLISEUM ACQUISITION CORP., 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Harry L. You director, 10 percent owner, officer: See Remarks EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Andrew R Heyer director 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
James Lanzone director 3000 CLEARVIEW WAY, SAN MATEO CA 94402
Coliseum Acquisition Sponsor Llc 10 percent owner 80 PINE STREET SUITE 3202, NEW YORK NY 10005
Daniel Haimovic director, 10 percent owner, officer: Co-Chief Executive Officer 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Andrew Fishkoff officer: COO / General Counsel 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Jason Beren officer: Chief Financial Officer 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Romitha Mally director 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Ezra Kucharz director 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Jason W. Stein director, 10 percent owner, officer: Co-Chief Executive Officer 80 PINE STREET, SUITE 3202, NEW YORK NY 10005