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.
Akoustis Technologies's Sloan Ratio for the quarter that ended in Mar. 2024 was -27.91%.
As of Mar. 2024, Akoustis Technologies has a Sloan Ratio of -27.91%, indicating there is a warning stage of accrual build up.
Akoustis Technologies Sloan Ratio % Historical Data
The historical data trend for Akoustis 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.
Competitive Comparison of Akoustis Technologies's Sloan Ratio %
For the Communication Equipment subindustry, Akoustis 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.
Akoustis Technologies's Sloan Ratio % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Akoustis Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Akoustis Technologies's Sloan Ratio % falls into.
Akoustis 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.
Akoustis Technologies's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as
Akoustis Technologies's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -17.765 (Jun. 2023 ) + -20.129 (Sep. 2023 ) + -15.711 (Dec. 2023 ) + -23.308 (Mar. 2024 ) = $-76.91 Mil.
Akoustis Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -8.701 (Jun. 2023 ) + -13.108 (Sep. 2023 ) + -11.339 (Dec. 2023 ) + -7.791 (Mar. 2024 ) = $-40.94 Mil.
Akoustis Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -1.216 (Jun. 2023 ) + -4.209 (Sep. 2023 ) + -1.625 (Dec. 2023 ) + -0.291 (Mar. 2024 ) = $-7.34 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.
Akoustis Technologies (NAS:AKTS) 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 Mar. 2024, Akoustis Technologies has a Sloan Ratio of -27.91%, indicating there is a warning stage of accrual build up.
Akoustis Technologies Sloan Ratio % Related Terms
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Akoustis Technologies (Akoustis Technologies) Business Description
Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.
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