PMGMU (Priveterra Acquisition II) Sloan Ratio % : -1,231.66% (As of Sep. 2023)

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What is Priveterra Acquisition II 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.

Priveterra Acquisition II's Sloan Ratio for the quarter that ended in Sep. 2023 was -1,231.66%.

Warning Sign:

When sloan ratio (-802.86)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Sep. 2023, Priveterra Acquisition II has a Sloan Ratio of -1,231.66%, indicating earnings are more likely to be made up of accruals.

Priveterra Acquisition II Sloan Ratio % Historical Data

The historical data trend for Priveterra Acquisition II'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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Priveterra Acquisition II Sloan Ratio % Chart

Priveterra Acquisition II Annual Data

Trend

Dec20

Dec21

Dec22

Sloan Ratio %

103.29

-802.86

Priveterra Acquisition II Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Sloan Ratio %	Get a 7-Day Free Trial								-	-	-	-789.07	-1,231.66

Competitive Comparison of Priveterra Acquisition II's Sloan Ratio %

For the Shell Companies subindustry, Priveterra Acquisition II'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.

Priveterra Acquisition II's Sloan Ratio % Distribution in the Diversified Financial Services Industry

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

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

Priveterra Acquisition II 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.

Priveterra Acquisition II's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2022 )	-	Cash Flow from Operations (A: Dec. 2022 )
	-	Cash Flow from Investing (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2022 )
	=	(7.098	-	-1.517
	-	252.371)	/	30.361
	=	-802.86%

Priveterra Acquisition II's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2023 )
	=	(1.004	-	-2.258
	-	262.478)	/	21.046
	=	-1,231.66%

Priveterra Acquisition II's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -1.383 (Dec. 2022 ) + -0.75 (Mar. 2023 ) + 4.944 (Jun. 2023 ) + -1.807 (Sep. 2023 ) = $1.00 Mil.
Priveterra Acquisition II's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -0.907 (Dec. 2022 ) + -0.2 (Mar. 2023 ) + -0.716 (Jun. 2023 ) + -0.435 (Sep. 2023 ) = $-2.26 Mil.
Priveterra Acquisition II's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 252.242 (Dec. 2022 ) + -0.439 (Mar. 2023 ) + 0.038 (Jun. 2023 ) + 10.637 (Sep. 2023 ) = $262.48 Mil.

Priveterra Acquisition II (NAS:PMGMU) 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. 2023, Priveterra Acquisition II has a Sloan Ratio of -1,231.66%, indicating earnings are more likely to be made up of accruals.

Priveterra Acquisition II Sloan Ratio % Related Terms

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Priveterra Acquisition II Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Priveterra Acquisition Corp II (NAS:PMGMU) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

501 Madison Avenue, 5th Floor, New York, NY, USA, 10019

Website

https://www.tastemakeracq.com

Priveterra Acquisition Corp II is a blank check company.

Executives

Cameron Piron	director	C/O TASTEMAKER ACQUISITION CORP., 1 PARK PLAZA, IRVINE CA 92614
Bill Carpou	director	C/O TASTEMAKER ACQUISITION CORP., 1 PARK PLAZA, IRVINE CA 92614
Dimitri Azar	director	C/O TASTEMAKER ACQUISITION CORP., 1 PARK PLAZA, IRVINE CA 92614
Oleg Grodnensky	director, 10 percent owner, officer: Chief Executive Officer	300 SE 2ND STREET, SUITE 600, FORT LAUDERDALE FL 33301
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
David Pace	director, 10 percent owner, officer: Co-Chief Executive Officer
Richard L Federico	director
Andrew R Heyer	director	501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
Starlette B Johnson	director
Carl Andrew Pforzheimer	director, 10 percent owner, officer: Co-Chief Executive Officer	C/O US FOODS HOLDING CORP., 9399 W. HIGGINS RD., ROSEMONT IL 60018
Christopher Bradley	officer: CFO and Secretary	650 5TH AVENUE, FLOOR 10, NEW YORK NY 10019
Tastemaker Sponsor Llc	10 percent owner	650 FIFTH AVENUE, FLOOR 10, NEW YORK NY 10019
Hal Rosser	director	650 FIFTH AVENUE, 10TH FLOOR, NEW YORK NY 10019