InterPrivate III Financial Partners (InterPrivate III Financial Partners) Sloan Ratio % : 0.00% (As of Sep. 2023)

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What is InterPrivate III Financial Partners 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.

InterPrivate III Financial Partners's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.

Warning Sign:

When sloan ratio (-616.93)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Sep. 2023, InterPrivate III Financial Partners has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

InterPrivate III Financial Partners Sloan Ratio % Historical Data

The historical data trend for InterPrivate III Financial Partners'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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InterPrivate III Financial Partners Sloan Ratio % Chart

InterPrivate III Financial Partners Annual Data

Trend

Dec21

Dec22

Sloan Ratio %

98.77

-616.93

InterPrivate III Financial Partners Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Sloan Ratio %	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of InterPrivate III Financial Partners's Sloan Ratio %

For the Shell Companies subindustry, InterPrivate III Financial Partners'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.

InterPrivate III Financial Partners's Sloan Ratio % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, InterPrivate III Financial Partners's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where InterPrivate III Financial Partners's Sloan Ratio % falls into.

InterPrivate III Financial Partners 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.

InterPrivate III Financial Partners's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2022 )	-	Cash Flow from Operations (A: Dec. 2022 )
	-	Cash Flow from Investing (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2022 )
	=	(7.892	-	5.402
	-	232.859)	/	37.341
	=	-616.93%

InterPrivate III Financial Partners's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2023 )
	=	(-1.076	-	-8.091
	-	232.443)	/	8.159
	=	-2,762.94%

InterPrivate III Financial Partners's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 0.846 (Dec. 2022 ) + -0.989 (Mar. 2023 ) + -0.72 (Jun. 2023 ) + -0.213 (Sep. 2023 ) = $-1.08 Mil.
InterPrivate III Financial Partners's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -2.984 (Dec. 2022 ) + -1.198 (Mar. 2023 ) + -3.578 (Jun. 2023 ) + -0.331 (Sep. 2023 ) = $-8.09 Mil.
InterPrivate III Financial Partners's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 232.443 (Dec. 2022 ) + 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) = $232.44 Mil.

InterPrivate III Financial Partners (AMEX:IPVF.U) 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. 2023, InterPrivate III Financial Partners has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

InterPrivate III Financial Partners Sloan Ratio % Related Terms

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InterPrivate III Financial Partners (InterPrivate III Financial Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » InterPrivate III Financial Partners Inc (AMEX:IPVF.U) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1350 Avenue of the Americas, 2nd Floor, New York, NY, USA, 10019

Website

https://www.ipvspac.com

InterPrivate III Financial Partners Inc is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more target businesses.

Executives

Richard A Mcginn	director	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
John B Mccoy	director	208 S. AKARD ST., --, DALLAS TX 75202
Howard H Newman	director	C/O PINE BROOK ROAD PARTNERS, LLC, 60 EAST 42ND STREET, SUITE 3014, NEW YORK NY 10165
Ahmed M Fattouh	10 percent owner, officer: Chairman and CEO	C/O INTERPRIVATE ACQUISITION CORP., 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Brandon C Bentley	officer: General Counsel	C/O INTERPRIVATE ACQUISITION CORP., 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Minesh K Patel	officer: Vice President	C/O INTERPRIVATE ACQUISITION CORP., 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Sunil Aruna Kappagoda	director, officer: Vice Chairman	88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Interprivate Acquisition Management Iii, Llc	10 percent owner, other: Director by Deputization	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Nicholaos Krenteras	director, officer: President	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Gordy Holterman	director	1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019