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Veeco Instruments (Veeco Instruments) Sloan Ratio %

: -3.15% (As of Dec. 2023)
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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.

Veeco Instruments's Sloan Ratio for the quarter that ended in Dec. 2023 was -3.15%.

As of Dec. 2023, Veeco Instruments has a Sloan Ratio of -3.15%, indicating the company is in the safe zone and there is no funny business with accruals.


Veeco Instruments Sloan Ratio % Historical Data

The historical data trend for Veeco Instruments'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.

Veeco Instruments Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.56 2.27 -9.59 11.29 -3.15

Veeco Instruments Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Sloan Ratio % 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 Premium Member Only Premium Member Only Premium Member Only 11.29 10.56 0.20 6.94 -3.15

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Veeco Instruments'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.


Veeco Instruments Sloan Ratio % Distribution

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

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



Veeco Instruments 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.

Veeco Instruments'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 )
=(-30.368-61.674
--53.33)/1229.041
=-3.15%

Veeco Instruments's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(-30.368-61.674
--53.33)/1229.041
=-3.15%

Veeco Instruments's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 8.741 (Mar. 2023 ) + -85.32 (Jun. 2023 ) + 24.574 (Sep. 2023 ) + 21.637 (Dec. 2023 ) = $-30.4 Mil.
Veeco Instruments's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 13.918 (Mar. 2023 ) + 11.217 (Jun. 2023 ) + 7.054 (Sep. 2023 ) + 29.485 (Dec. 2023 ) = $61.7 Mil.
Veeco Instruments's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -0.762 (Mar. 2023 ) + 3.128 (Jun. 2023 ) + -29.546 (Sep. 2023 ) + -26.15 (Dec. 2023 ) = $-53.3 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.


Veeco Instruments  (NAS:VECO) 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 Dec. 2023, Veeco Instruments has a Sloan Ratio of -3.15%, indicating the company is in the safe zone and there is no funny business with accruals.


Veeco Instruments Sloan Ratio % Related Terms

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Veeco Instruments (Veeco Instruments) Business Description

Traded in Other Exchanges
Address
Terminal Drive, Plainview, NY, USA, 11803
Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of the total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.
Executives
William John Miller director, officer: CEO C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
John P Kiernan officer: VP Finance & Corp. Controller C/O VEECO INSTRUMENTS INC, TERMINAL DRIVE, PLAINVIEW NY 11803
Dennis Thomas St director C/O FORMFACTOR, INC., 7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Mary Jane Raymond director C/O COHERENT CORP., 375 SAXONBURG BLVD, SAXONBURG PA 16056
Susan Wilkerson officer: SVP, Global Sales & Service C/O VEECO INSTRUMENTS INC., PLAINVIEW NY 11803
Adrian Devasahayam officer: SVP - Product Line Development C/O VEECO INSTRUMENTS, 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Lena Nicolaides director 1250 RELIANCE WAY, FREMONT CA 94539
Peter J Simone director 17075 THORNMINT COURT, SANDIGO CA 92127
Sujeet Chand director ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204
Peter Porshnev officer: SVP, Unified Engineering C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
Shubham Maheshwari officer: EVP, CFO & COO C/O VEECO INSTRUMENTS INC., 1 TERMINAL DRIVE, PLAINVIEW NY 11803
John R Peeler officer: CEO DYNATECH CORP, 3 NEW ENGLAND EXECUTIVE PARK, BURLINGTON MA 01803
Kathleen A Bayless director 1251 MCKAY DRIVE, SAN JOSE CA 95131
Roger D Mcdaniel director C/O ENTEGRIS INC, 3500 LYMAN BOULEVARD, CHASKA MN 55318
Susan Wang director 40919 ENCYCLOPEDIA CIRCLE, FREMONT CA 94538

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