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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.
When sloan ratio (99.82)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2022, Golden Path Acquisition has a Sloan Ratio of -0.07%, indicating the company is in the safe zone and there is no funny business with accruals.
Golden Path Acquisition (NAS:GPCOW) 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. 2022, Golden Path Acquisition has a Sloan Ratio of -0.07%, indicating the company is in the safe zone and there is no funny business with accruals.
Golden Path Acquisition Sloan Ratio % Related Terms
Golden Path Acquisition 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.
GPCOW vs NOVV, GDST, PPHP: Sloan Ratio % Comparison
For the Shell Companies subindustry, Golden Path Acquisition'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.
Golden Path Acquisition Sloan Ratio % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Golden Path Acquisition's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Golden Path Acquisition's Sloan Ratio % falls into.
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.
Golden Path Acquisition's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as
Golden Path Acquisition's Net Income for the trailing twelve months (TTM) ended in Jun. 2022 was -0.394 (Sep. 2021 ) + -0.146 (Dec. 2021 ) + -0.31 (Mar. 2022 ) + -0.104 (Jun. 2022 ) = $-0.95 Mil.
Golden Path Acquisition's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2022 was -0.529 (Sep. 2021 ) + -0.076 (Dec. 2021 ) + -0.23 (Mar. 2022 ) + -0.031 (Jun. 2022 ) = $-0.87 Mil.
Golden Path Acquisition's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2022 was -0.001 (Sep. 2021 ) + -0.001 (Dec. 2021 ) + -0.001 (Mar. 2022 ) + -0.045 (Jun. 2022 ) = $-0.05 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.
Golden Path Acquisition (GPCOW) has a Sloan Ratio % of -0.07% as of Jun. 2022. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Golden Path Acquisition and its competitors.
Is Golden Path Acquisition's Sloan Ratio % too high?
Golden Path Acquisition's current Sloan Ratio % is -0.07%.
How does Golden Path Acquisition's Sloan Ratio % compare to NOVV and GDST?
Golden Path Acquisition's Sloan Ratio % of -0.07% 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 Golden Path Acquisition and its competitors. Golden Path Acquisition's current Sloan Ratio % is -0.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Path Acquisition stock overvalued right now?
Golden Path Acquisition (GPCOW) has a current Sloan Ratio % of -0.07%. The current Sloan Ratio % is -0.07%. 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 Golden Path Acquisition (GPCOW), the current Sloan Ratio % is -0.07% as of Jun. 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.
Golden Path Acquisition Corp is a blank check company. It is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses.
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