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SING (SinglePoint) Sloan Ratio % : 0.00% (As of Jun. 2024)


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What is SinglePoint 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.

SinglePoint's Sloan Ratio for the quarter that ended in Jun. 2024 was 0.00%.

Warning Sign:

When sloan ratio (-83.3)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Jun. 2024, SinglePoint has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


SinglePoint Sloan Ratio % Historical Data

The historical data trend for SinglePoint'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.

* Premium members only.

SinglePoint Sloan Ratio % Chart

SinglePoint Annual Data
Trend Oct08 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only - -72.15 -20.95 -16.56 -83.30

SinglePoint Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -55.78 -61.88 -120.90 -89.49 -

Competitive Comparison of SinglePoint's Sloan Ratio %

For the Solar subindustry, SinglePoint'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.


SinglePoint's Sloan Ratio % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SinglePoint's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where SinglePoint's Sloan Ratio % falls into.



SinglePoint 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.

SinglePoint's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(-18.192--3.646
--0.175)/17.252
=-83.30%

SinglePoint's Sloan Ratio for the quarter that ended in Jun. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2024 )
=(-27.406--5.393
--0.09)/15.144
=-144.76%

SinglePoint's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was -1.271 (Sep. 2023 ) + -13.395 (Dec. 2023 ) + -2.857 (Mar. 2024 ) + -9.883 (Jun. 2024 ) = $-27.41 Mil.
SinglePoint's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 0.001 (Sep. 2023 ) + -3.091 (Dec. 2023 ) + -0.69 (Mar. 2024 ) + -1.613 (Jun. 2024 ) = $-5.39 Mil.
SinglePoint's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -0.018 (Sep. 2023 ) + -0.049 (Dec. 2023 ) + -0.023 (Mar. 2024 ) + 0 (Jun. 2024 ) = $-0.09 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.


SinglePoint  (OTCPK:SING) 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 Jun. 2024, SinglePoint has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


SinglePoint Sloan Ratio % Related Terms

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SinglePoint Business Description

Traded in Other Exchanges
N/A
Address
3104 East Camelback Road, Suite 2137, Phoenix, AZ, USA, 85016
SinglePoint Inc is a renewable and sustainable solution company focused on solar power and indoor air purification. Its primary focus is sustainability by providing an integrated solar energy solution for the customers and clean environment solutions through its air purification business. The company's subsidiary, BOX Pure Air, is engaged in the Indoor Air Quality sector addressing the need for air purification in schools and offices. SinglePoint is exploring future acquisition and growth opportunities in energy storage, electric vehicle charging, solar as a subscription service and additional energy-efficient appliances that enhance sustainability.
Executives
Greg Paul Lambrecht director, 10 percent owner, officer: CEO 2999 NORTH 44TH STREET, SUITE 530, PHOENIX AZ 85018
Jeffrey Allen Nomura director 5012 BEACH DR SW, SEATTLE WA 98136
Eric Lofdahl director 2999 NORTH 44TH STREET, SUITE 530, PHOENIX AZ 85018
Wil Ralston director, officer: President 3920 E THOMAS ROAD, #97292, PHOENIX AZ 85060
Venugopal Aravamudan director 2999 NORTH 44TH STREET, SUITE 530, PHOENIX AZ 85018
Hans J Schulte director, 10 percent owner, officer: President 2300 E SAHARA AVENUE, SUITE 800, LAS VEGAS NV 89102
Ivan Braverman director, 10 percent owner, officer: Chief Financial Officer 1255 MCDONALD DRIVE, PRESCOTT AZ 86303
Prabaharan Subramaniam director, 10 percent owner, officer: CHIEF TECHNOLOGY OFFICER 2300 E. SAHARA AVENUE, SUITE 800, LAS VEGAS NV 89102