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Pyrum Innovations AG (OSL:PYRUM) Sloan Ratio % : 16.43% (As of Dec. 2023)


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What is Pyrum Innovations AG 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.

Pyrum Innovations AG's Sloan Ratio for the quarter that ended in Dec. 2023 was 16.43%.

As of Dec. 2023, Pyrum Innovations AG has a Sloan Ratio of 16.43%, indicating there is a warning stage of accrual build up.


Pyrum Innovations AG Sloan Ratio % Historical Data

The historical data trend for Pyrum Innovations AG'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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Pyrum Innovations AG Sloan Ratio % Chart

Pyrum Innovations AG Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial 11.47 -0.55 11.84 38.55 16.47

Pyrum Innovations AG Quarterly Data
Dec18 Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.68 34.81 25.36 26.20 16.43

Competitive Comparison of Pyrum Innovations AG's Sloan Ratio %

For the Pollution & Treatment Controls subindustry, Pyrum Innovations AG'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.


Pyrum Innovations AG's Sloan Ratio % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pyrum Innovations AG's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Pyrum Innovations AG's Sloan Ratio % falls into.



Pyrum Innovations AG 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.

Pyrum Innovations AG'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 )
=(-109.417--71.522
--134.37)/585.866
=16.47%

Pyrum Innovations AG's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(-109.195--71.127
--134.316)/585.866
=16.43%

Pyrum Innovations AG's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -25.226 (Mar. 2023 ) + -25.406 (Jun. 2023 ) + -27.985 (Sep. 2023 ) + -30.578 (Dec. 2023 ) = kr-109.20 Mil.
Pyrum Innovations AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -18.911 (Mar. 2023 ) + -7.287 (Jun. 2023 ) + -23.773 (Sep. 2023 ) + -21.156 (Dec. 2023 ) = kr-71.13 Mil.
Pyrum Innovations AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -36.243 (Mar. 2023 ) + -49.373 (Jun. 2023 ) + -28.683 (Sep. 2023 ) + -20.017 (Dec. 2023 ) = kr-134.32 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.


Pyrum Innovations AG  (OSL:PYRUM) 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. 2023, Pyrum Innovations AG has a Sloan Ratio of 16.43%, indicating there is a warning stage of accrual build up.


Pyrum Innovations AG Sloan Ratio % Related Terms

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Pyrum Innovations AG (OSL:PYRUM) Business Description

Traded in Other Exchanges
Address
Dieselstrasse 8, Dillingen, SL, DEU, D-66763
Pyrum Innovations AG is a recycling technology company. The company recycles end-of-life tyres with its patented pyrolysis technology, obtaining new raw materials such as recovered carbon black, pyrolysis oil and gas. The the company operates in the recycling market for end-of-life tyres. It generates revenue from customers in Germany and European Union.
Executives
Jürgen Franz Opitz Supervisory Board
Manfred Alt Supervisory Board

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