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.
Ceres Power Holdings's Sloan Ratio for the quarter that ended in Jun. 2024 was -26.29%.
As of Jun. 2024, Ceres Power Holdings has a Sloan Ratio of -26.29%, indicating there is a warning stage of accrual build up.
Ceres Power Holdings Sloan Ratio % Historical Data
The historical data trend for Ceres Power Holdings'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 Ceres Power Holdings's Sloan Ratio %
For the Electrical Equipment & Parts subindustry, Ceres Power Holdings'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.
Ceres Power Holdings's Sloan Ratio % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ceres Power Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ceres Power Holdings's Sloan Ratio % falls into.
Ceres Power Holdings 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.
Ceres Power Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Ceres Power Holdings's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was -35.171 (Dec. 2023 ) + -16.046 (Jun. 2024 ) = $-51.22 Mil.
Ceres Power Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was -23.127 (Dec. 2023 ) + -16.819 (Jun. 2024 ) = $-39.95 Mil.
Ceres Power Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was 20.346 (Dec. 2023 ) + 34.481 (Jun. 2024 ) = $54.83 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.
Ceres Power Holdings (OTCPK:CRPHY) 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, Ceres Power Holdings has a Sloan Ratio of -26.29%, indicating there is a warning stage of accrual build up.
Ceres Power Holdings Sloan Ratio % Related Terms
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Ceres Power Holdings PLC is a UK- based technology solutions provider. It is one of the developers of fuel cell technology, which enables the production of clean & low-cost energy. Its SteelCell technology uses the existing infrastructure of mains natural gas & is manufactured using commodity materials, such as steel. It mainly caters to the automotive industry. Among its other markets are transportation, commercial, & light industrial sectors. The group established a leading technology position in solid oxide fuel cell (SOFC) power systems & develop solid oxide electrolysis (SOEC) to demonstrate it at a megawatt scale. The Company has identified two reporting segments, Power (SOFC) & Hydrogen (SOEC), the majority is from the Power (SOFC) segment. Geographically, the majority is from Asia.
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