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.
QuantGate Systems's Sloan Ratio for the quarter that ended in Nov. 2023 was 0.00%.
As of Nov. 2023, QuantGate Systems has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
QuantGate Systems Sloan Ratio % Historical Data
The historical data trend for QuantGate Systems'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.
Competitive Comparison of QuantGate Systems's Sloan Ratio %
For the Software - Application subindustry, QuantGate Systems'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.
QuantGate Systems's Sloan Ratio % Distribution in the Software Industry
For the Software industry and Technology sector, QuantGate Systems's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where QuantGate Systems's Sloan Ratio % falls into.
QuantGate Systems 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.
QuantGate Systems's Sloan Ratio for the fiscal year that ended in May. 2023 is calculated as
QuantGate Systems's Net Income for the trailing twelve months (TTM) ended in Nov. 2023 was -0.234 (Feb. 2023 ) + -0.324 (May. 2023 ) + -0.312 (Aug. 2023 ) + -0.158 (Nov. 2023 ) = $-1.03 Mil.
QuantGate Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2023 was -0.242 (Feb. 2023 ) + -0.22 (May. 2023 ) + -0.271 (Aug. 2023 ) + -0.055 (Nov. 2023 ) = $-0.79 Mil.
QuantGate Systems's Cash Flow from Investing for the trailing twelve months (TTM) ended in Nov. 2023 was 0 (Feb. 2023 ) + 0 (May. 2023 ) + 0 (Aug. 2023 ) + 0 (Nov. 2023 ) = $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.
QuantGate Systems (OTCPK:QGSI) 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 Nov. 2023, QuantGate Systems has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
QuantGate Systems Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of QuantGate Systems's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
QuantGate Systems (QuantGate Systems) Business Description
QuantGate Systems Inc is a Fintech company, developing Artificial Intelligence, Machine Learning and big-data processing algorithms and analytics to deliver SaaS solutions and seamless API integration. Pilot Trading is a wholly owned subsidiary of the company. Its core intelligence identifies investment opportunities across multiple asset classes, rooted in the financial markets, and for cryptocurrency exchanges, enabling valued clients to make better informed investment decisions. Turnkey solutions and efficient API's, founded on robust and scalable SaaS architecture, allow third party integration for onboarding existing users, and scaling globally.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
QGSI has been successfully added to your 