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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.
Cal Bay International's Sloan Ratio for the quarter that ended in Sep. 2006 was 37.58%.
As of Sep. 2006, Cal Bay International has a Sloan Ratio of 37.58%, indicating there is a warning stage of accrual build up.
Cal Bay International (OTCPK:CBYI) 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. 2006, Cal Bay International has a Sloan Ratio of 37.58%, indicating there is a warning stage of accrual build up.
Cal Bay International Sloan Ratio % Related Terms
Cal Bay International Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Cal Bay International'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.
CBYI vs PPCQ, RSRT, IDVV: Sloan Ratio % Comparison
For the Capital Markets subindustry, Cal Bay International'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.
Cal Bay International Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cal Bay International's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cal Bay International'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.
Cal Bay International's Sloan Ratio for the fiscal year that ended in Dec. 2005 is calculated as
Cal Bay International's Net Income for the trailing twelve months (TTM) ended in Sep. 2006 was -0.572 (Dec. 2005 ) + -1.647 (Mar. 2006 ) + 5.402 (Jun. 2006 ) + -0.914 (Sep. 2006 ) = $2.27 Mil.
Cal Bay International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2006 was -1.347 (Dec. 2005 ) + -1.671 (Mar. 2006 ) + -0.633 (Jun. 2006 ) + 1.552 (Sep. 2006 ) = $-2.10 Mil.
Cal Bay International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2006 was -0.85 (Dec. 2005 ) + 0.005 (Mar. 2006 ) + -13.361 (Jun. 2006 ) + 14.256 (Sep. 2006 ) = $0.05 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.
Cal Bay International (CBYI) has a Sloan Ratio % of 37.58% as of Sep. 2006. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Cal Bay International and its competitors.
Is Cal Bay International's Sloan Ratio % too high?
Cal Bay International's current Sloan Ratio % is 37.58%.
How does Cal Bay International's Sloan Ratio % compare to PPCQ and RSRT?
Cal Bay International's Sloan Ratio % of 37.58% can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Sloan Ratio % depends on the Capital Markets 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 Cal Bay International and its competitors. Cal Bay International's current Sloan Ratio % is 37.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cal Bay International stock overvalued right now?
Cal Bay International (CBYI) has a current Sloan Ratio % of 37.58%. The current Sloan Ratio % is 37.58%. 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 Cal Bay International (CBYI), the current Sloan Ratio % is 37.58% as of Sep. 2006. 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.
Cal Bay International Inc acquired a Financial, merchant card processing system, CB Green Card, that allows the legal payment to the dispensary by patients using the CB Green card for purchases within the dispensaries. The majority of the transactions are on a cash only basis. The company's merchant processing system allows for the registered dispensaries to be able to accept and process the patients CB Green card and have the proceeds deposited to their financial institution, creating an alternative to holding large amounts of non depositable cash to the banks and at the same time creating a verifiable transaction of sales for state and Federal tax collection agencies. The company has also developed a formula specifically designed for enhancing the growth of marijuana plants.
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