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.
BioSig Technologies's Sloan Ratio for the quarter that ended in Sep. 2024 was 0.00%.
Warning Sign:
When sloan ratio (-641.94)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Sep. 2024, BioSig Technologies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
BioSig Technologies Sloan Ratio % Historical Data
The historical data trend for BioSig 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 BioSig Technologies's Sloan Ratio %
For the Medical Devices subindustry, BioSig 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.
BioSig Technologies's Sloan Ratio % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, BioSig Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where BioSig Technologies's Sloan Ratio % falls into.
BioSig 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.
BioSig Technologies's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
BioSig Technologies's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -6.049 (Dec. 2023 ) + -3.402 (Mar. 2024 ) + -3.915 (Jun. 2024 ) + -1.914 (Sep. 2024 ) = $-15.28 Mil.
BioSig Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was -2.942 (Dec. 2023 ) + -1.314 (Mar. 2024 ) + -1.481 (Jun. 2024 ) + -1.489 (Sep. 2024 ) = $-7.23 Mil.
BioSig Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -0.004 (Dec. 2023 ) + 0 (Mar. 2024 ) + 0 (Jun. 2024 ) + 0 (Sep. 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.
BioSig Technologies (NAS:BSGM) 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 Sep. 2024, BioSig Technologies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
BioSig Technologies Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of BioSig Technologies's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
BioSig Technologies Inc is a commercial-stage medical device company with an advanced digital signal processing technology platform to deliver insights to the treatment of cardiovascular arrhythmias. Through collaboration with physicians, experts, and healthcare leaders across the field of electrophysiology (EP), It is committed to addressing healthcare's biggest priorities saving time, saving costs, and saving lives. Its first product, the PURE EP System, is an FDA-cleared non-invasive class II device consisting of a unique combination of hardware and software designed to provide unprecedented signal clarity and precision for real-time visualization of intracardiac signals paving the way for personalized patient care.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BSGM has been successfully added to your 