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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.
Genetic Technologies's Sloan Ratio for the quarter that ended in Jun. 2024 was 154.58%.
As of Jun. 2024, Genetic Technologies has a Sloan Ratio of 154.58%, indicating earnings are more likely to be made up of accruals.
Genetic Technologies (ASX:GTG) 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. 2024, Genetic Technologies has a Sloan Ratio of 154.58%, indicating earnings are more likely to be made up of accruals.
Genetic Technologies Sloan Ratio % Related Terms
Genetic Technologies Sloan Ratio % Historical Data
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The historical data trend for Genetic 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.
ASX:GTG vs LDDD, NOTV, ATLN: Sloan Ratio % Comparison
For the Diagnostics & Research subindustry, Genetic 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.
Genetic Technologies Sloan Ratio % vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Genetic Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Genetic Technologies'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.
Genetic Technologies's Sloan Ratio for the fiscal year that ended in Jun. 2024 is calculated as
Genetic Technologies's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) + 0 (Jun. 2024 ) = A$0.00 Mil.
Genetic Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was -2.938 (Sep. 2023 ) + -1.074 (Dec. 2023 ) + -2.561 (Mar. 2024 ) + -3.106 (Jun. 2024 ) = A$-9.68 Mil.
Genetic Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -0.021 (Sep. 2023 ) + 0.111 (Dec. 2023 ) + -0.001 (Mar. 2024 ) + 0.026 (Jun. 2024 ) = A$0.12 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.
Genetic Technologies (ASX:GTG) has a Sloan Ratio % of 154.58% as of Jun. 2024. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Genetic Technologies and its competitors.
Is Genetic Technologies' Sloan Ratio % too high?
Genetic Technologies' current Sloan Ratio % is 154.58%.
How does Genetic Technologies' Sloan Ratio % compare to LDDD and NOTV?
Genetic Technologies' Sloan Ratio % of 154.58% can be compared against companies in the Medical Diagnostics & Research industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Medical Diagnostics & Research company?
A good Sloan Ratio % depends on the Medical Diagnostics & Research industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Genetic Technologies and its competitors. Genetic Technologies's current Sloan Ratio % is 154.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Genetic Technologies stock overvalued right now?
Genetic Technologies (ASX:GTG) has a current Sloan Ratio % of 154.58%. The current Sloan Ratio % is 154.58%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Genetic Technologies (ASX:GTG), the current Sloan Ratio % is 154.58% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Genetic Technologies Ltd is an Australia-based molecular diagnostics company that offers predictive testing and assessment tools to help physicians proactively manage women's health. The company has developed BREVAGenplus which is a clinically validated risk assessment test for non-hereditary breast cancer. It also provides genetic testing services including medical testing, animal testing, forensic testing, and plant testing. The company markets BREVAGenplus to healthcare professionals in breast healthcare and imaging centers, as well as to obstetricians/ gynecologists (OBGYNs) and breast cancer risk assessment specialists. The majority of the company's revenue is generated from Australia and the United States. The group has two operating segments: EasyDNA and GeneType/Corporate.
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