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.
PV Nano Cell's Sloan Ratio for the quarter that ended in Dec. 2023 was 3.49%.
As of Dec. 2023, PV Nano Cell has a Sloan Ratio of 3.49%, indicating the company is in the safe zone and there is no funny business with accruals.
PV Nano Cell Sloan Ratio % Historical Data
The historical data trend for PV Nano Cell'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 PV Nano Cell's Sloan Ratio %
For the Specialty Chemicals subindustry, PV Nano Cell'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.
PV Nano Cell's Sloan Ratio % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, PV Nano Cell's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PV Nano Cell's Sloan Ratio % falls into.
PV Nano Cell 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.
PV Nano Cell's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported annually, GuruFocus uses latest annual data as the TTM data.
PV Nano Cell's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.07 Mil.
PV Nano Cell's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.21 Mil.
PV Nano Cell's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.02 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.
PV Nano Cell (OTCPK:PVNNF) 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 Dec. 2023, PV Nano Cell has a Sloan Ratio of 3.49%, indicating the company is in the safe zone and there is no funny business with accruals.
PV Nano Cell Sloan Ratio % Related Terms
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PV Nano Cell Ltd is a conductive ink manufacturing company. It is engaged in developing, manufacturing, marketing & commercializing conductive inks for digital inkjet conductive printing applications. It develops the Sicrys family of single crystal nano-metric conductive inks for photovoltaic and printed electronics applications, as well as silver-based Sicrys inks for use in a range of inkjet printing electronics applications, including printing of circuit boards, mobile phone antennas, 3D printed electronic devices, radio-frequency identification chips, sensors, touchscreens, and other digitally printed electronics. Geographically, it operates in Israel, Germany, France, Holland, Austria, U.S and other.
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