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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.
Koss's Sloan Ratio for the quarter that ended in Dec. 2024 was -1.36%.
As of Dec. 2024, Koss has a Sloan Ratio of -1.36%, indicating the company is in the safe zone and there is no funny business with accruals.
The historical data trend for Koss'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.
Koss Annual Data | |||||||||||||||||||||
Trend | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | Jun24 | |||||||||||
Sloan Ratio % | Get a 7-Day Free Trial |
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-7.67 | 3.23 | 1.34 | 37.37 | -1.51 |
Koss Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Sloan Ratio % | Get a 7-Day Free Trial |
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3.67 | -2.72 | -1.51 | -4.30 | -1.36 |
For the Consumer Electronics subindustry, Koss'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 Hardware industry and Technology sector, Koss's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Koss'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.
Koss's Sloan Ratio for the fiscal year that ended in Jun. 2024 is calculated as
Sloan Ratio | = | (Net Income (A: Jun. 2024 ) | - | Cash Flow from Operations (A: Jun. 2024 ) |
- | Cash Flow from Investing (A: Jun. 2024 )) | / | Total Assets (A: Jun. 2024 ) | |
= | (-0.951 | - | -0.191 | |
- | -0.198) | / | 37.199 | |
= | -1.51% |
Koss's Sloan Ratio for the quarter that ended in Dec. 2024 is calculated as
Sloan Ratio | = | (Net Income (TTM) | - | Cash Flow from Operations (TTM)) |
- | Cash Flow from Investing (TTM)) | / | Total Assets (Q: Dec. 2024 ) | |
= | (-0.75 | - | 0.105 | |
- | -0.345) | / | 37.436 | |
= | -1.36% |
Koss's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was -0.314 (Mar. 2024 ) + -0.11 (Jun. 2024 ) + -0.42 (Sep. 2024 ) + 0.094 (Dec. 2024 ) = $-0.75 Mil. Koss's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 0.329 (Mar. 2024 ) + -0.174 (Jun. 2024 ) + 0.202 (Sep. 2024 ) + -0.252 (Dec. 2024 ) = $0.11 Mil. Koss's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 0.06 (Mar. 2024 ) + -0.001 (Jun. 2024 ) + -0.393 (Sep. 2024 ) + -0.011 (Dec. 2024 ) = $-0.35 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.
Koss (NAS:KOSS) 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 Dec. 2024, Koss has a Sloan Ratio of -1.36%, indicating the company is in the safe zone and there is no funny business with accruals.
Thank you for viewing the detailed overview of Koss's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Koss John C Jr | officer: Vice President - Sales | C/O KOSS CORPORATION, 4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212 |
William Jesse Sweasy | director | 401 LEVEE STREET, RED WING MN 55066 |
Kim M. Schulte | officer: Chief Financial Officer | 4129 NORTH PORT WASHINGTON AVENUE, MILWAUKEE WI 53212 |
David Donnan Smith | officer: EVP and CFO | 4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212 |
Koss Michael J Jr | officer: VP Marketing & Product | 4129 N PORT WASHINGTON AVENUE, MILWAUKEE WI 53212 |
Michael J Koss | officer: President and CEO | C/O GENIUS PRODUCTS, INC., 740 LOMAS SANTA FE, SUITE 210, SOLANA BEACH CA 92075 |
Thomas L. Doerr | director | 4129 N. PORT WASHINGTON ROAD, MILWAUKEE WI 53212 |
Lenore Lillie | officer: VP - Operations | 4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212 |
Nancy Koss 2012 Trust, Dated 12/20/12 | 10 percent owner | 1492 W. CALUMET CT., RIVER HILLS WI 53217 |
Steven A Leveen | director | 1030 SEA SPRAY AVENUE, DELRAY BEACH FL 33483 |
Theodore Nixon | director | 100 SOUTH SPRING STREET, LOUISVILLE KY 40206 |
Elizabeth A Uecker | officer: Secretary | 4129 N PORT WASHINGTON ROAD, MILWAUKEE WI 53212 |
John C Koss | director | 4129 NORTH PORT WASHINGTON AVE, MILWAUKEE WI 53212 |
Nancy L Koss | 10 percent owner | 1492 W. CALUMET CT., RIVER HILLS WI 53217 |
Koss Family Trust, Dated 9/11/12 | 10 percent owner | 1492 W. CALUMET CT., RIVER HILLS WI 53217 |
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