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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.
Puradyn Filter Technologies's Sloan Ratio for the quarter that ended in Dec. 2019 was 0.00%.
As of Dec. 2019, Puradyn Filter Technologies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
The historical data trend for Puradyn Filter Technologies'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.
Puradyn Filter Technologies Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Sloan Ratio % | Get a 7-Day Free Trial | -5.67 | -3.87 | -30.95 | 3.90 | -32.56 |
Puradyn Filter Technologies Quarterly Data | ||||||||||||||||||||
Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | |
Sloan Ratio % | Get a 7-Day Free Trial | 3.96 | -11.06 | - | - | - |
For the Auto Parts subindustry, Puradyn Filter Technologies'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 Vehicles & Parts industry and Consumer Cyclical sector, Puradyn Filter Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Puradyn Filter Technologies'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.
Puradyn Filter Technologies's Sloan Ratio for the fiscal year that ended in Dec. 2019 is calculated as
Sloan Ratio | = | (Net Income (A: Dec. 2019 ) | - | Cash Flow from Operations (A: Dec. 2019 ) |
- | Cash Flow from Investing (A: Dec. 2019 )) | / | Total Assets (A: Dec. 2019 ) | |
= | (-1.687 | - | -0.946 | |
- | -0.012) | / | 2.239 | |
= | -32.56% |
Puradyn Filter Technologies's Sloan Ratio for the quarter that ended in Dec. 2019 is calculated as
Sloan Ratio | = | (Net Income (TTM) | - | Cash Flow from Operations (TTM)) |
- | Cash Flow from Investing (TTM)) | / | Total Assets (Q: Dec. 2019 ) | |
= | (-1.687 | - | -0.946 | |
- | -0.012) | / | 2.239 | |
= | -32.56% |
Puradyn Filter Technologies's Net Income for the trailing twelve months (TTM) ended in Dec. 2019 was -0.367 (Mar. 2019 ) + -0.362 (Jun. 2019 ) + -0.432 (Sep. 2019 ) + -0.526 (Dec. 2019 ) = $-1.69 Mil. Puradyn Filter Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2019 was -0.229 (Mar. 2019 ) + -0.28 (Jun. 2019 ) + -0.204 (Sep. 2019 ) + -0.233 (Dec. 2019 ) = $-0.95 Mil. Puradyn Filter Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2019 was -0.008 (Mar. 2019 ) + 0 (Jun. 2019 ) + -0.002 (Sep. 2019 ) + -0.002 (Dec. 2019 ) = $-0.01 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.
Puradyn Filter Technologies (OTCPK:PFTI) 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. 2019, Puradyn Filter Technologies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Thank you for viewing the detailed overview of Puradyn Filter Technologies's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kevin G Kroger | director, officer: President, Chief Operating Off | 4305 CHERRY HILL E. ORCHARD LAKE MI 48323 |
Edward Vittoria | director, 10 percent owner, officer: Chief Executive Officer | C/O 2017 HIGH RIDGE ROAD BOYNTON BEACH FL 33426 |
John S Caldwell | director | 7902 SOUTH RUN VIEW, SPRINGFIELD VA 22153 |
Joseph V Vittoria | director, 10 percent owner, officer: Executive Chairman of Board | P O BOX 66100 WHQLD CHICAGO IL 60666 |
Alan J Sandler | officer: Vice President and CAO | 21621 MAGDALENA TERRACE BOCA RATON FL 33433 |
Dominick A Telesco | director | 150 VIA BELLARIA PALM BEACH FL 33480 |
Forrest Duane Hayes | other: Former director | 56 WEXFORD ON THE GREEN HILTON HEAD ISLAND SC 29928 |
Charles W Walton | director | 25800 SCIENCE PARK DRIVE, SUITE 140 BEACHWOOD OH 44122 |
Cindy Lea Gimler | officer: Chief Financial Officer | 10779 CAMBAY CIRCLE BOYNTON BEACH FL 33437 |
Kathryn Ann Morris | other: Director of Corp Communic. | 52 BAYTREE CIRCLE BOYNTON BEACH FL 33436 |
Doris W Clifton | officer: VP Sales and Marketing | 7298 WILLIAMSON RD DALLAS TX 75214 |
Richard C Ford | director, 10 percent owner | |
Glenhill Advisors Llc | 10 percent owner | 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020 |
Glenn J Krevlin | 10 percent owner | 600 FIFTH AVE, 11TH FL, NEW YORK NY 10020 |
Peter H Stephaich | director | 525 WILLIAM PENN PL STE 3901 PITTSBURGH PA 15219 |
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