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.
Royal Wins's Sloan Ratio for the quarter that ended in Jun. 2022 was 0.00%.
As of Jun. 2022, Royal Wins has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Royal Wins Sloan Ratio % Historical Data
The historical data trend for Royal Wins'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 Royal Wins's Sloan Ratio %
For the Gambling subindustry, Royal Wins'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.
Royal Wins's Sloan Ratio % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Royal Wins's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Royal Wins's Sloan Ratio % falls into.
Royal Wins 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.
Royal Wins's Sloan Ratio for the fiscal year that ended in Jun. 2022 is calculated as
Royal Wins's Net Income for the trailing twelve months (TTM) ended in Jun. 2022 was -0.712 (Sep. 2021 ) + -0.905 (Dec. 2021 ) + -3.318 (Mar. 2022 ) + 0 (Jun. 2022 ) = $-4.94 Mil.
Royal Wins's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2022 was -0.995 (Sep. 2021 ) + -0.823 (Dec. 2021 ) + -1.077 (Mar. 2022 ) + 0 (Jun. 2022 ) = $-2.90 Mil.
Royal Wins's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2022 was -0.121 (Sep. 2021 ) + -0.035 (Dec. 2021 ) + -0.252 (Mar. 2022 ) + 0 (Jun. 2022 ) = $-0.41 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.
Royal Wins (OTCPK:RYWCF) 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 Jun. 2022, Royal Wins has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Royal Wins Sloan Ratio % Related Terms
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Royal Wins Corp is a digital games studio pioneering skill game wagering and betting on mobile casual games. It designs, develops, and operates real money-wagering skill games, to disrupt and dominate the online gaming space such that all players of legal age can play and win life-changing jackpots and prizes on their skill instead of only on chance and odds. It designs develops and operates pure skill games for both cash and non-cash prizes targeting millennial markets via its primary skill gaming app, the Kash Karnival. Its primary innovation and intellectual property centres around solving big data problems around skill gaming mechanics, algorithms pertaining to balancing cash jackpots, game difficulty modules, and maintenance of return-to-player percentages.
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