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CTAQU (Carney Technology Acquisition II) Sloan Ratio % : 0.00% (As of Sep. 2022)


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What is Carney Technology Acquisition II Sloan Ratio %?

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.

Carney Technology Acquisition II's Sloan Ratio for the quarter that ended in Sep. 2022 was 0.00%.

As of Sep. 2022, Carney Technology Acquisition II has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Carney Technology Acquisition II Sloan Ratio % Historical Data

The historical data trend for Carney Technology Acquisition II'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.

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Carney Technology Acquisition II Sloan Ratio % Chart

Carney Technology Acquisition II Annual Data
Trend Dec20 Dec21
Sloan Ratio %
- 1.95

Carney Technology Acquisition II Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only - - - - -

Competitive Comparison of Carney Technology Acquisition II's Sloan Ratio %

For the Shell Companies subindustry, Carney Technology Acquisition II'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.


Carney Technology Acquisition II's Sloan Ratio % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Carney Technology Acquisition II's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Carney Technology Acquisition II's Sloan Ratio % falls into.


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Carney Technology Acquisition II 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.

Carney Technology Acquisition II's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2021 )-Cash Flow from Operations (A: Dec. 2021 )
-Cash Flow from Investing (A: Dec. 2021 ))/Total Assets (A: Dec. 2021 )
=(7.116--0.803
-0.042)/402.967
=1.95%

Carney Technology Acquisition II's Sloan Ratio for the quarter that ended in Sep. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2022 )
=(9.201--1.07
-0.225)/404.869
=2.48%

Carney Technology Acquisition II's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was -0.965 (Dec. 2021 ) + 4.536 (Mar. 2022 ) + 2.803 (Jun. 2022 ) + 2.827 (Sep. 2022 ) = $9.20 Mil.
Carney Technology Acquisition II's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was -0.244 (Dec. 2021 ) + -0.404 (Mar. 2022 ) + -0.255 (Jun. 2022 ) + -0.167 (Sep. 2022 ) = $-1.07 Mil.
Carney Technology Acquisition II's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was 0 (Dec. 2021 ) + 0.108 (Mar. 2022 ) + 0.117 (Jun. 2022 ) + 0 (Sep. 2022 ) = $0.23 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.


Carney Technology Acquisition II  (NAS:CTAQU) 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 Sep. 2022, Carney Technology Acquisition II has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


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Carney Technology Acquisition II Business Description

Traded in Other Exchanges
N/A
Address
630 Ramona Street, Palo Alto, CA, USA, 94301
Website
Carney Technology Acquisition Corp II is a blank check company.
Executives
Lloyd Carney officer: Chief Acquisition Officer C/O MICROMUSE INC, 139 TOWNSEND ST, SAN FRANCISCO CA 94107
Steven C. Fletcher 10 percent owner C/O LEE ENTERPRISES, INCORPORATED, 4600 EAST 53RD STREET, DAVENPORT IA 52807
David Earle Roberson director, officer: CEO, CFO & COB
Carol Goode director SAIC, 12010 SUNSET HILLS RD, RESTON VA 20190
Explorer Parent Llc 10 percent owner 533 AIRPORT BOULEVARD, SUITE 400, BURLINGAME CA 94012
Founder Holdings Llc 10 percent owner 533 AIRPORT BOULEVARD, SUITE 400, BURLINGAME CA 94012
Alex Serge Vieux 10 percent owner C/O COMPUTER ASSOCIATES INTER INC, ONE COMPUTER ASSOC PLAZA, ISLANDIA NY 11749
Robert S Ferrell director 5924 CRANBROOK WAY, STE 101, NAPLES FL 34112
Ellen Odonnell director 139 TOWNSEND STREET, SAN FRANCISCO CA 94107
Gale E. England director, officer: President and Director 130 HOLGER WAY, SAN JOSE CA 95134
Carney Technology Sponsor Ii Llc 10 percent owner 533 AIRPORT BLVD SUITE 400, BURLINGAME CA 94010