Quantum Fintech Acquisition (Quantum Fintech Acquisition) Sloan Ratio % : 0.00% (As of Sep. 2023)

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What is Quantum Fintech 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.

Quantum Fintech Acquisition's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.

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

Quantum Fintech Acquisition Sloan Ratio % Historical Data

The historical data trend for Quantum Fintech 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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Quantum Fintech Acquisition Sloan Ratio % Chart

Quantum Fintech Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Sloan Ratio %

97.48

5.77

Quantum Fintech Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Sloan Ratio %	Get a 7-Day Free Trial							-	-	-	-	-

Competitive Comparison of Quantum Fintech Acquisition's Sloan Ratio %

For the Shell Companies subindustry, Quantum Fintech 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.

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

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

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

Quantum Fintech 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.

Quantum Fintech Acquisition's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2022 )	-	Cash Flow from Operations (A: Dec. 2022 )
	-	Cash Flow from Investing (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2022 )
	=	(11.046	-	-1.084
	-	0.351)	/	204.208
	=	5.77%

Quantum Fintech Acquisition'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 )
	=	(0.699	-	-1.92
	-	152.815)	/	54.79
	=	-274.13%

Quantum Fintech Acquisition's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 0.277 (Dec. 2022 ) + 0.192 (Mar. 2023 ) + 0.486 (Jun. 2023 ) + -0.256 (Sep. 2023 ) = $0.70 Mil.
Quantum Fintech Acquisition's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -0.496 (Dec. 2022 ) + -0.798 (Mar. 2023 ) + 0.012 (Jun. 2023 ) + -0.638 (Sep. 2023 ) = $-1.92 Mil.
Quantum Fintech Acquisition's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Dec. 2022 ) + 149.189 (Mar. 2023 ) + -0.525 (Jun. 2023 ) + 4.151 (Sep. 2023 ) = $152.82 Mil.

Quantum Fintech Acquisition (AMEX:QFTA) 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, Quantum Fintech Acquisition has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

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Quantum Fintech Acquisition (Quantum Fintech Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Quantum Fintech Acquisition Corp (AMEX:QFTA) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4221 W. Boy Scout Boulevard, Suite 300, Tampa, FL, USA, 33607

Website

https://www.qftacorp.com

Quantum Fintech Acquisition Corp is a blank check company.

Executives

Cable Car Capital Llc	10 percent owner	2261 MARKET STREET #4307, SAN FRANCISCO CA 94114
Jacob Ma-weaver	10 percent owner	2261 MARKET STREET, #4307, SAN FRANCISCO CA 94114
Funicular Funds, Lp	10 percent owner	2261 MARKET STREET, #4307, SAN FRANCISCO CA 94114
Sandip I Patel	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Richard Korhammer	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
John Schaible	director, officer: Chairman and CEO	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Quantum Ventures Llc	10 percent owner	4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Miguel Leon	director, officer: Chief Financial Officer	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Daniel V Caamano	director, officer: President	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Steven J. Carlson	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607
Thomas Jon Hammond	director	C/O QUANTUM FINTECH ACQUISITION CORP, 4221 W. BOY SCOUT BLVD., SUITE 300, TAMPA FL 33607