What is Flexible Solutions International 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.
As of Dec. 2024, Flexible Solutions International has a Sloan Ratio of -0.13%, indicating the company is in the safe zone and there is no funny business with accruals.
Flexible Solutions International 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.
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Flexible Solutions International Sloan Ratio % Chart
Competitive Comparison of Flexible Solutions International's Sloan Ratio %
For the Specialty Chemicals subindustry, Flexible Solutions 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.
Flexible Solutions International's Sloan Ratio % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Flexible Solutions International's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Flexible Solutions International's Sloan Ratio % falls into.
Flexible Solutions International 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.
Flexible Solutions International's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 0.457 (Mar. 2024 ) + 1.29 (Jun. 2024 ) + 0.612 (Sep. 2024 ) + 0.68 (Dec. 2024 ) = $3.04 Mil.
Flexible Solutions International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was -0.532 (Mar. 2024 ) + 7.596 (Jun. 2024 ) + 2.21 (Sep. 2024 ) + -3.706 (Dec. 2024 ) = $5.57 Mil.
Flexible Solutions International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -0.173 (Mar. 2024 ) + -2.767 (Jun. 2024 ) + 1.059 (Sep. 2024 ) + -0.573 (Dec. 2024 ) = $-2.45 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.
Flexible Solutions International (AMEX:FSI) 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 Dec. 2024, Flexible Solutions International has a Sloan Ratio of -0.13%, indicating the company is in the safe zone and there is no funny business with accruals.
Flexible Solutions International Sloan Ratio % Related Terms
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Flexible Solutions International Business Description
Flexible Solutions International Inc develops, manufactures, and markets specialty chemicals that slow the evaporation of water. Its business is organized into two segments Energy and Water Conservation Products, and Biodegradable Polymers. It offers a liquid swimming pool blanket under the WATERSAVR brand, which saves energy and water by inhibiting evaporation from the pool surface, a chemical product called HEATSAVR, for use in swimming pools and spas to slow the water evaporation. The firm also manufactures and markets water-soluble chemicals utilizing thermal polyaspartate biopolymers. It generates most of its revenues from the export of its products to international markets.
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