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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.
OpenLocker Holdings's Sloan Ratio for the quarter that ended in Jan. 2024 was 0.00%.
As of Jan. 2024, OpenLocker Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
The historical data trend for OpenLocker Holdings'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.
OpenLocker Holdings Annual Data | |||||||||
Trend | Dec19 | Dec20 | Jul22 | Jul23 | |||||
Sloan Ratio % | - | - | -39.23 | - |
OpenLocker Holdings Quarterly Data | ||||||||||||
Dec19 | Dec20 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Sloan Ratio % | Get a 7-Day Free Trial | - | - | - | - | - |
For the Capital Markets subindustry, OpenLocker Holdings'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.
For the Capital Markets industry and Financial Services sector, OpenLocker Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where OpenLocker Holdings's Sloan Ratio % falls into.
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.
OpenLocker Holdings's Sloan Ratio for the fiscal year that ended in Jul. 2023 is calculated as
Sloan Ratio | = | (Net Income (A: Jul. 2023 ) | - | Cash Flow from Operations (A: Jul. 2023 ) |
- | Cash Flow from Investing (A: Jul. 2023 )) | / | Total Assets (A: Jul. 2023 ) | |
= | (-7.426 | - | -0.979 | |
- | 0) | / | 0.027 | |
= | -23,877.78% |
OpenLocker Holdings's Sloan Ratio for the quarter that ended in Jan. 2024 is calculated as
Sloan Ratio | = | (Net Income (TTM) | - | Cash Flow from Operations (TTM)) |
- | Cash Flow from Investing (TTM)) | / | Total Assets (Q: Jan. 2024 ) | |
= | (-6.712 | - | -0.767 | |
- | 0) | / | 0.029 | |
= | -20,500.00% |
OpenLocker Holdings's Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was -0.652 (Apr. 2023 ) + -5.447 (Jul. 2023 ) + -0.472 (Oct. 2023 ) + -0.141 (Jan. 2024 ) = $-6.71 Mil. OpenLocker Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2024 was -0.239 (Apr. 2023 ) + -0.23 (Jul. 2023 ) + -0.195 (Oct. 2023 ) + -0.103 (Jan. 2024 ) = $-0.77 Mil. OpenLocker Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2024 was 0 (Apr. 2023 ) + 0 (Jul. 2023 ) + 0 (Oct. 2023 ) + 0 (Jan. 2024 ) = $0.00 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.
OpenLocker Holdings (OTCPK:OLKR) 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 Jan. 2024, OpenLocker Holdings has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Thank you for viewing the detailed overview of OpenLocker Holdings's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Abby Eileen Klatsky | 10 percent owner | 12 WINSOR PLACE, GLEN RIDGE NJ 07028 |
Brendan John O'brien | 10 percent owner | 575 JERICHO TURNPIKE, SUITE 307, JERICHO NY 11753 |
Brian Lance Klatsky | director, officer: President, OpenLocker Inc. | 320 BROAD STREET, RED BANK NJ 07701 |
Lauren Blair Klatsky | officer: COO of OpenLocker Inc. | 320 BROAD STREET, RED BANK NJ 07701 |
Laura E Anthony | director, 10 percent owner, officer: President | LAURA ANTHONY, 120 S. OLIVE AVE, WEST PALM BEACH FL 33401 |
Howard Gostfrand | director, 10 percent owner, officer: Chief Executive Officer | 625 N. FLAGLER DRIVE, SUITE 600, WEST PALM BEACH FL 33401 |
Meir Wexler | director, officer: Chief Investment Officer | 2123 DUNWOODY GLN, DUNWOODY GA 30338 |
Aleksandr Rubin | director, officer: CEO, PFO, PAO | 400 SUNNY ISLES BLVD, APT 1019, NORTH MIAMI FL 33160 |
Balance Labs, Inc. | 10 percent owner | 407 LINCOLN ROAD, SUITE 701, MIAMI BEACH FL 33139 |
Jason Lyons | 10 percent owner | 612 HOWARD STREET, SAN FRANCISCO CA 94549 |
Mikael Lundgren | officer: President | 9440 SANTA MONICA BLVD., SUITE 301, BEVERLY HILLS CA 90210 |
Mid Atlantic Capital Associates Inc. | officer: President | 9440 SANTA MONICA BLVD., SUITE 301, BEVERLY HILLS CA 90210 |
Wayne A Root | director, 10 percent owner | 5092 SOUTH JONES BOULEVARD, LAS VEGAS NV 89118 |
Douglas R Miller | director, officer: President and COO | 5092 SOUTH JONES BOULEVARD, LAS VEGAS NV 89118 |
Roger Lee Harrison | director | 8455 BEVERLY BLVD, STE 407, WEST HOLLYWOOD CA 90048 |
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