Pegasus Digital Mobility Acquisition (Pegasus Digital Mobility Acquisition) Sloan Ratio % : -465.88% (As of Dec. 2023)

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What is Pegasus Digital Mobility 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.

Pegasus Digital Mobility Acquisition's Sloan Ratio for the quarter that ended in Dec. 2023 was -465.88%.

Warning Sign:

When sloan ratio (-465.88)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Dec. 2023, Pegasus Digital Mobility Acquisition has a Sloan Ratio of -465.88%, indicating earnings are more likely to be made up of accruals.

Pegasus Digital Mobility Acquisition Sloan Ratio % Historical Data

The historical data trend for Pegasus Digital Mobility 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.

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Pegasus Digital Mobility Acquisition Sloan Ratio % Chart

Pegasus Digital Mobility Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Sloan Ratio %

5.38

-465.88

Pegasus Digital Mobility Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial						-	-	-	-	-465.88

Competitive Comparison of Pegasus Digital Mobility Acquisition's Sloan Ratio %

For the Shell Companies subindustry, Pegasus Digital Mobility 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.

Pegasus Digital Mobility Acquisition's Sloan Ratio % Distribution in the Diversified Financial Services Industry

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

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

Pegasus Digital Mobility 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.

Pegasus Digital Mobility 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 )
	=	(-2.607	-	1.958
	-	230.595)	/	50.477
	=	-465.88%

Pegasus Digital Mobility Acquisition'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 )
	=	(-2.607	-	1.957
	-	230.596)	/	50.477
	=	-465.88%

Pegasus Digital Mobility Acquisition's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -1.945 (Mar. 2023 ) + -0.089 (Jun. 2023 ) + -0.571 (Sep. 2023 ) + -0.002 (Dec. 2023 ) = $-2.61 Mil.
Pegasus Digital Mobility Acquisition's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 1.387 (Mar. 2023 ) + -0.454 (Jun. 2023 ) + 0.492 (Sep. 2023 ) + 0.532 (Dec. 2023 ) = $1.96 Mil.
Pegasus Digital Mobility Acquisition's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -3.824 (Mar. 2023 ) + 157.774 (Jun. 2023 ) + 22.224 (Sep. 2023 ) + 54.422 (Dec. 2023 ) = $230.60 Mil.

Pegasus Digital Mobility Acquisition (NYSE:PGSS) 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, Pegasus Digital Mobility Acquisition has a Sloan Ratio of -465.88%, indicating earnings are more likely to be made up of accruals.

Pegasus Digital Mobility Acquisition Sloan Ratio % Related Terms

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Pegasus Digital Mobility Acquisition (Pegasus Digital Mobility Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pegasus Digital Mobility Acquisition Corp (NYSE:PGSS) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

71 Fort Street, George Town, P.O Box 500, Grand Cayman, CYM, KY1-1106

Website

https://www.pegasusdigitalmobility.com

Pegasus Digital Mobility Acquisition Corp is a newly incorporated blank check company.

Executives

Tenor Capital Management Co., L.p.	10 percent owner	810 SEVENTH AVENUE, SUITE 1905, NEW YORK NY 10019
Robin Shah	10 percent owner	810 SEVENTH AVENUE, NEW YORK NY 10019
Tenor Opportunity Master Fund, Ltd.	10 percent owner	810 SEVENTH AVENUE, SUITE 1905, NEW YORK NY 10019
Steven John Norris	director	PO BOX 85587, SAN DIEGO CA 92186
Jeffrey H Foster	director	401 9TH STREET, NW #600, WASHINGTON DC 20004
John N. Doherty	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Florian Wolf	director	260 MASON STREET, GREENWICH CT 06830
James Valentine Condon	director	260 MASON STREET, GREENWICH CT 06830
Ralf Speth	director, officer: Chief Executive Officer	260 MASON STREET, GREENWICH CT 06830
Stefan Berger	officer: Chief Investment Officer	260 MASON STREET, GREENWICH CT 06830
Pegasus Digital Mobility Sponsor Llc	10 percent owner	260 MASON STREET, GREENWICH CT 06830
Patrick J. Miller	director	260 MASON STREET, GREENWICH CT 06830
Faramaraz Jeremey Mistry	officer: Chief Financial Officer	260 MASON STREET, GREENWICH CT 06830