GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Network-1 Technologies Inc (AMEX:NTIP) » Definitions » Sloan Ratio %

Network-1 Technologies (Network-1 Technologies) Sloan Ratio % : -15.92% (As of Dec. 2023)


View and export this data going back to 1998. Start your Free Trial

What is Network-1 Technologies 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.

Network-1 Technologies's Sloan Ratio for the quarter that ended in Dec. 2023 was -15.92%.

As of Dec. 2023, Network-1 Technologies has a Sloan Ratio of -15.92%, indicating there is a warning stage of accrual build up.


Network-1 Technologies Sloan Ratio % Historical Data

The historical data trend for Network-1 Technologies'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.

Network-1 Technologies Sloan Ratio % Chart

Network-1 Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.69 -14.67 -12.67 43.78 -15.92

Network-1 Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 43.78 49.27 9.09 -13.33 -15.92

Competitive Comparison of Network-1 Technologies's Sloan Ratio %

For the Specialty Business Services subindustry, Network-1 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.


Network-1 Technologies's Sloan Ratio % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Network-1 Technologies's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Network-1 Technologies's Sloan Ratio % falls into.



Network-1 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.

Network-1 Technologies'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 )
=(-1.457-0.331
-6.537)/52.277
=-15.92%

Network-1 Technologies's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(-1.457-0.331
-6.537)/52.277
=-15.92%

Network-1 Technologies's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -0.623 (Mar. 2023 ) + -0.476 (Jun. 2023 ) + -0.81 (Sep. 2023 ) + 0.452 (Dec. 2023 ) = $-1.46 Mil.
Network-1 Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -0.29 (Mar. 2023 ) + -0.263 (Jun. 2023 ) + -0.2 (Sep. 2023 ) + 1.084 (Dec. 2023 ) = $0.33 Mil.
Network-1 Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -1.659 (Mar. 2023 ) + 6.985 (Jun. 2023 ) + 6.024 (Sep. 2023 ) + -4.813 (Dec. 2023 ) = $6.54 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.


Network-1 Technologies  (AMEX:NTIP) 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 Dec. 2023, Network-1 Technologies has a Sloan Ratio of -15.92%, indicating there is a warning stage of accrual build up.


Network-1 Technologies Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Network-1 Technologies's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Network-1 Technologies (Network-1 Technologies) Business Description

Traded in Other Exchanges
Address
65 Locust Avenue, Suite 912, New Canaan, CT, USA, 06840
Network-1 Technologies Inc is involved in the business of the development, licensing, and protection of intellectual property rights. The company's current strategy includes continuing to pursue licensing opportunities for its intellectual property assets.
Executives
Robert Michael Mahan officer: Chief Financial Officer 87 MADISON AVENUE, #433, PARK RIDGE NJ 07656
Steven D. Heinemann 10 percent owner C/O GOOSE HILL CAPITAL, 546 FIFTH AVENUE, 14TH FLOOR, NEW YORK NY 10036
Jonathan M Greene officer: Executive Vice President 23 TOPAZ LANE, TRUMBULL CT 06611
Niv Harizman director SAWGRASS CORPORATE INDUSTRIAL PARK, 14000 NW 4TH ST, SUNRISE FL 33325
Allison C Hoffman director 315 EAST 68TH STREET, NEW YORK NY 10065
Emanuel R Pearlman director 250 EAST 79TH STREET, NEW YORK NY 10075
Hound Partners Offshore Fund, Lp 10 percent owner C/O HOUND PARTNERS, LLC, 101 PARK AVENUE, 48TH FLOOR, NEW YORK NY 10178
Hound Partners, Llc 10 percent owner 101 PARK AVENUE, 48TH FLOOR, NEW YORK NY 10178
Hound Performance, Llc 10 percent owner 101 PARK AVENUE, 48TH FLOOR, NEW YORK NY 10178
Auerbach Jonathan A G 10 percent owner 215 E 73RD STREET, NEW YORK NY 10021
Laurent Ohana director 575 LEXINGTON AVENUE, SUITE 400, NEW YORK NY 10022
Woodland Services Corp 10 percent owner
Marilyn Rubenstein 10 percent owner
Jonathan Lieber 10 percent owner 80 CUTTERMILL ROAD STE 311, GREAT NECKK NY 11201
Barry Rubenstein 10 percent owner 68 WHEATLEY RD, BROOKVILLE NY 11545