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DMYY (dMY Squared Technology Group) Sloan Ratio % : 0.00% (As of Sep. 2024)


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What is dMY Squared Technology Group 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.

dMY Squared Technology Group's Sloan Ratio for the quarter that ended in Sep. 2024 was 0.00%.

As of Sep. 2024, dMY Squared Technology Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


dMY Squared Technology Group Sloan Ratio % Historical Data

The historical data trend for dMY Squared Technology Group'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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dMY Squared Technology Group Sloan Ratio % Chart

dMY Squared Technology Group Annual Data
Trend Dec22 Dec23
Sloan Ratio %
- 3.83

dMY Squared Technology Group Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Competitive Comparison of dMY Squared Technology Group's Sloan Ratio %

For the Shell Companies subindustry, dMY Squared Technology Group'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.


dMY Squared Technology Group's Sloan Ratio % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, dMY Squared Technology Group's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where dMY Squared Technology Group's Sloan Ratio % falls into.



dMY Squared Technology Group 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.

dMY Squared Technology Group's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(2.297--0.6
-0.304)/67.701
=3.83%

dMY Squared Technology Group's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2024 )
=(0.308--1.32
-43.401)/25.554
=-163.47%

dMY Squared Technology Group's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 0.652 (Dec. 2023 ) + -0.168 (Mar. 2024 ) + -0.321 (Jun. 2024 ) + 0.145 (Sep. 2024 ) = $0.31 Mil.
dMY Squared Technology Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Dec. 2023 ) + -0.06 (Mar. 2024 ) + -1.239 (Jun. 2024 ) + -0.021 (Sep. 2024 ) = $-1.32 Mil.
dMY Squared Technology Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Dec. 2023 ) + 42.682 (Mar. 2024 ) + 0.869 (Jun. 2024 ) + -0.15 (Sep. 2024 ) = $43.40 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.


dMY Squared Technology Group  (AMEX:DMYY) 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. 2024, dMY Squared Technology Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


dMY Squared Technology Group Sloan Ratio % Related Terms

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dMY Squared Technology Group Business Description

Traded in Other Exchanges
N/A
Address
80 North Town Center Drive, Suite 100, Las Vegas, NV, USA, 89144
dMY Squared Technology Group Inc is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Executives
Harry L. You director, 10 percent owner, officer: See Remarks EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Francesca Luthi director 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Weaver Constance K director 2900 ESPERANZA CROSSING, 2ND FLOOR, AUSTIN TX 78758
Charles Wert director 200 PARK AVENUE, NEW YORK NY 10166
Darla Anderson director C/O GLU MOBILE INC., 875 HOWARD STREET, SUITE 100, SAN FRANCISCO CA 94103
Masi Niccolo De director, officer: Co-Chief Executive Officer 500 HOWARD ST., SUITE 300, SAN FRANCISCO CA 94105
Dmy Squared Sponsor, Llc 10 percent owner 1180 NORTH TOWN CENTER DRIVE SUITE 100, LAS VEGAS NV 89144

dMY Squared Technology Group Headlines