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.
As of Jan. 2024, Mass Megawatts Wind Power has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Mass Megawatts Wind Power 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.
Competitive Comparison of Mass Megawatts Wind Power's Sloan Ratio %
For the Utilities - Renewable subindustry, Mass Megawatts Wind Power'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.
Mass Megawatts Wind Power's Sloan Ratio % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Mass Megawatts Wind Power's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Mass Megawatts Wind Power's Sloan Ratio % falls into.
Mass Megawatts Wind Power 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.
Mass Megawatts Wind Power's Sloan Ratio for the fiscal year that ended in Apr. 2023 is calculated as
Mass Megawatts Wind Power's Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was -0.159 (Apr. 2023 ) + -0.19 (Jul. 2023 ) + -0.019 (Oct. 2023 ) + -0.049 (Jan. 2024 ) = $-0.42 Mil.
Mass Megawatts Wind Power's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2024 was -0.026 (Apr. 2023 ) + -0.063 (Jul. 2023 ) + -0.031 (Oct. 2023 ) + -0.021 (Jan. 2024 ) = $-0.14 Mil.
Mass Megawatts Wind Power's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2024 was 0 (Apr. 2023 ) + 0 (Jul. 2023 ) + 0 (Oct. 2023 ) + 0 (Jan. 2024 ) = $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.
Mass Megawatts Wind Power (OTCPK:MMMW) 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 Jan. 2024, Mass Megawatts Wind Power has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Mass Megawatts Wind Power Sloan Ratio % Related Terms
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Mass Megawatts Wind Power Inc is engaged in the development of renewable power technology. It develops solar trackers and wind energy equipment for low-cost clean energy generation. The company's patent pending, Mass Megawatts Solar Tracking System (STS) is a complete solar power system that is designed to continually adjust the position of solar panels to receive the optimal level of direct sunlight throughout the day. In addition, it also seeks to build and operate wind-energy-generated power plants utilizing proprietary MultiAxis Turbine technology.
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