GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » JOFF Fintech Acquisition Corp (NAS:JOFFU) » Definitions » Sloan Ratio %

JOFF Fintech Acquisition (JOFF Fintech Acquisition) Sloan Ratio % : 0.00% (As of Sep. 2022)


View and export this data going back to 2021. Start your Free Trial

What is JOFF Fintech Acquisition 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.

JOFF Fintech Acquisition's Sloan Ratio for the quarter that ended in Sep. 2022 was 0.00%.

Warning Sign:

When sloan ratio (103.89)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Sep. 2022, JOFF Fintech Acquisition has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


JOFF Fintech Acquisition Sloan Ratio % Historical Data

The historical data trend for JOFF Fintech Acquisition'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.

* Premium members only.

JOFF Fintech Acquisition Sloan Ratio % Chart

JOFF Fintech Acquisition Annual Data
Trend Dec20 Dec21
Sloan Ratio %
- 103.89

JOFF Fintech Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Sloan Ratio % Get a 7-Day Free Trial - - - - -

Competitive Comparison of JOFF Fintech Acquisition's Sloan Ratio %

For the Shell Companies subindustry, JOFF Fintech 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.


JOFF Fintech Acquisition's Sloan Ratio % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, JOFF Fintech Acquisition's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where JOFF Fintech Acquisition's Sloan Ratio % falls into.



JOFF Fintech Acquisition 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.

JOFF Fintech Acquisition's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2021 )-Cash Flow from Operations (A: Dec. 2021 )
-Cash Flow from Investing (A: Dec. 2021 ))/Total Assets (A: Dec. 2021 )
=(15.153--2.495
--414)/415.473
=103.89%

JOFF Fintech Acquisition's Sloan Ratio for the quarter that ended in Sep. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2022 )
=(11.917--1.275
-0)/417.232
=3.16%

JOFF Fintech Acquisition's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was -2.01 (Dec. 2021 ) + 7.677 (Mar. 2022 ) + 3.326 (Jun. 2022 ) + 2.924 (Sep. 2022 ) = $11.92 Mil.
JOFF Fintech Acquisition's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was -0.639 (Dec. 2021 ) + -0.292 (Mar. 2022 ) + -0.231 (Jun. 2022 ) + -0.113 (Sep. 2022 ) = $-1.28 Mil.
JOFF Fintech Acquisition'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.


JOFF Fintech Acquisition  (NAS:JOFFU) 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. 2022, JOFF Fintech Acquisition has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


JOFF Fintech Acquisition Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of JOFF Fintech Acquisition's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


JOFF Fintech Acquisition (JOFF Fintech Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
c/o Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, 11th Floor, New York, NY, USA, 10105
JOFF Fintech Acquisition Corp is a blank check company. It is formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses.
Executives
Peter Js Smith officer: Chief Financial Officer PO BOX 364527, SAN JUAN PR 00936-4527
Jay Itzkowitz director NEW YORK HOCKEY HOLDINGS, LLC, 200 PARK AVENUE SOUTH SUITE 1610, NEW YORK NY 10003
Joel Leonoff director, 10 percent owner, officer: Chief Executive Officer ORCHID HOUSE PH 9 THE CLIFTONS, EUROPA ROAD, GIBRALTAR J1 -----
Joff Fintech Holdings Lp 10 percent owner 1345 AVENUE OF THE AMERICAS, FL 11, NEW YORK NY 10105
Hillel Frankel director, 10 percent owner, officer: President and Secretary 1345 AVENUE OF THE AMERICAS, FL 11, NEW YORK NY 10105
Mohammad Fraz Ahmed officer: SVP of Corporate & BD 1410 BERRYTREE DR., SUGARLAND TX 77479
Billy Goldstein director 757 3RD AVENUE, NEW YORK NY 10017
Paul Wharshavsky director 15 WEST 47TH STREET, SUITE 1404, NEW YORK NY 10036
Alok Sama director C/O BLUERIVER ACQUSITION CORP., 250 WEST NOTTINGHAM DRIVE SUITE 400, SAN ANTONIO TX 78209
Michelle Ann Gitlitz director 1345 AVENUE OF THE AMERICAS, 11TH FLOOR, NEW YORK NY 10105