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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.
Guerrilla RF's Sloan Ratio for the quarter that ended in Sep. 2024 was -32.99%.
As of Sep. 2024, Guerrilla RF has a Sloan Ratio of -32.99%, indicating there is a warning stage of accrual build up.
The historical data trend for Guerrilla RF'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.
Guerrilla RF Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Sloan Ratio % | 6.33 | 22.33 | -13.38 | -12.67 |
Guerrilla RF Quarterly Data | ||||||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Sloan Ratio % | Get a 7-Day Free Trial |
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-12.75 | -12.68 | -30.83 | -34.31 | -32.99 |
For the Semiconductors subindustry, Guerrilla RF'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.
For the Semiconductors industry and Technology sector, Guerrilla RF's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Guerrilla RF'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.
Guerrilla RF'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 ) | |
= | (-15.966 | - | -13.455 | |
- | -0.102) | / | 19.012 | |
= | -12.67% |
Guerrilla RF'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 ) | |
= | (-15.995 | - | -6.066 | |
- | -0.637) | / | 28.163 | |
= | -32.99% |
Guerrilla RF's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -3.663 (Dec. 2023 ) + -3.373 (Mar. 2024 ) + -1.757 (Jun. 2024 ) + -7.202 (Sep. 2024 ) = $-16.00 Mil.
Guerrilla RF's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was -2.276 (Dec. 2023 ) + -0.842 (Mar. 2024 ) + -1.175 (Jun. 2024 ) + -1.773 (Sep. 2024 ) = $-6.07 Mil.
Guerrilla RF's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0.037 (Dec. 2023 ) + -0.026 (Mar. 2024 ) + -0.446 (Jun. 2024 ) + -0.202 (Sep. 2024 ) = $-0.64 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.
Guerrilla RF (OTCPK:GUER) 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, Guerrilla RF has a Sloan Ratio of -32.99%, indicating there is a warning stage of accrual build up.
Thank you for viewing the detailed overview of Guerrilla RF's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dunn James E. Jr. | director | 300 N. GREENE STREET, SUITE 2195, GREENSBORO NC 27401 |
William J Pratt | director | |
Ryan Michael Pratt | director, 10 percent owner, officer: Chief Executive Officer | 5686 GREEN DALE CT, SUMMERFIELD NC 27358 |
Salem Investment Partners V, Limited Partnership | 10 percent owner | 7900 TRIAD CENTER DRIVE, SUITE 333, GREENSBORO NC 27409 |
Mark Alan Mason | officer: Chief Operating Officer | 682 INVERNESS DR., WINSTON SALEM NC 27107 |
Virginia R Summerell | director | 6 INDEPENDENCE CT, GREENSBORO NC 27408 |
Susan Berish Barkal | director | 311 PELHAM FALLS DRIVE, GREER SC 29651 |
Kellie Hyon-ok Chong | officer: Chief Business Officer | 6021 BECKENHAM WAY, OAK RIDGE NC 27310 |
Jeffery Scott Broxson | officer: Vice President of Sales | 1105 BERKLEY MANOR WAY, #2C, GREENSBORO NC 27409 |
John Alen Berg | officer: Chief Financial Officer | 6316 POPLAR FOREST DRIVE, SUMMERFIELD NC 27358 |
Alvin M. Bodford | 10 percent owner | 1501 HIGHWOODS BOULEVARD, SUITE 302, GREENSBORO NC 27410 |
Funchess Samuel William Sr. | director | 6807 POPLAR GROVE TRAIL, GREENSBORO NC 27410 |
David B Bell | director | 1001 MURPHY RANCH ROAD, MILPITAS CA 95035 |
Gregory J Thompson | director | 19 SNOWGOOSE COVE, GREENSBORO NC 27455 |
Smith Gary L /nc/ | director |
From GuruFocus
By GuruFocus Research • 02-13-2024
By GuruFocus Research • 02-13-2024
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