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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.
As of Sep. 2022, Macondray Capital Acquisition I has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Macondray Capital Acquisition I (NAS:DRAYW) 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. 2022, Macondray Capital Acquisition I has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Macondray Capital Acquisition I Sloan Ratio % Related Terms
Macondray Capital Acquisition I Sloan Ratio % Historical Data
* 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.
Macondray Capital Acquisition I Sloan Ratio % Chart
DRAYW vs HUGS, LGTO, KIII: Sloan Ratio % Comparison
For the Shell Companies subindustry, Macondray Capital Acquisition I'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.
Macondray Capital Acquisition I Sloan Ratio % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Macondray Capital Acquisition I's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Macondray Capital Acquisition I's Sloan Ratio % falls into.
Macondray Capital Acquisition I 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.
Macondray Capital Acquisition I's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was -0.419 (Dec. 2021 ) + 4.34 (Mar. 2022 ) + 3.244 (Jun. 2022 ) + 1.583 (Sep. 2022 ) = $8.75 Mil.
Macondray Capital Acquisition I's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was -0.186 (Dec. 2021 ) + -0.186 (Mar. 2022 ) + -0.119 (Jun. 2022 ) + -0.178 (Sep. 2022 ) = $-0.67 Mil.
Macondray Capital Acquisition I's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was 0 (Dec. 2021 ) + 0 (Mar. 2022 ) + 0 (Jun. 2022 ) + 0 (Sep. 2022 ) = $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.
Macondray Capital Acquisition I (DRAYW) has a Sloan Ratio % of 0.00% as of Sep. 2022. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Macondray Capital Acquisition I and its competitors.
Is Macondray Capital Acquisition I's Sloan Ratio % too high?
Macondray Capital Acquisition I's current Sloan Ratio % is 0.00%. Overall, Macondray Capital Acquisition I has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Macondray Capital Acquisition I's Sloan Ratio % compare to HUGS and LGTO?
Macondray Capital Acquisition I's Sloan Ratio % of 0.00% can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Sloan Ratio % depends on the Diversified Financial Services 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 Macondray Capital Acquisition I and its competitors. Macondray Capital Acquisition I's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macondray Capital Acquisition I stock overvalued right now?
Macondray Capital Acquisition I (DRAYW) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. Macondray Capital Acquisition I's overall GF Score™ is 22/100. 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 Macondray Capital Acquisition I (DRAYW), the current Sloan Ratio % is 0.00% as of Sep. 2022. 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.
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