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Solar Integrated Roofing (Solar Integrated Roofing) Sloan Ratio % : 0.00% (As of Sep. 2022)


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What is Solar Integrated Roofing 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.

Solar Integrated Roofing's Sloan Ratio for the quarter that ended in Sep. 2022 was 0.00%.

As of Sep. 2022, Solar Integrated Roofing has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Solar Integrated Roofing Sloan Ratio % Historical Data

The historical data trend for Solar Integrated Roofing'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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Solar Integrated Roofing Sloan Ratio % Chart

Solar Integrated Roofing Annual Data
Trend Feb08 Feb09
Sloan Ratio %
-36.46 -80.13

Solar Integrated Roofing Quarterly Data
Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Sep21 Sep22
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 Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Solar Integrated Roofing's Sloan Ratio %

For the Solar subindustry, Solar Integrated Roofing'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.


Solar Integrated Roofing's Sloan Ratio % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solar Integrated Roofing's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Solar Integrated Roofing's Sloan Ratio % falls into.



Solar Integrated Roofing 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.

Solar Integrated Roofing's Sloan Ratio for the fiscal year that ended in Feb. 2009 is calculated as

Sloan Ratio=(Net Income (A: Feb. 2009 )-Cash Flow from Operations (A: Feb. 2009 )
-Cash Flow from Investing (A: Feb. 2009 ))/Total Assets (A: Feb. 2009 )
=(-0.75--0.054
--0.071)/0.78
=-80.13%

Solar Integrated Roofing's Sloan Ratio for the quarter that ended in Sep. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2022 )
=(4.81--0.058
--0.007)/153.688
=3.17%

Solar Integrated Roofing's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was -0.056 (Aug. 2010 ) + -0.045 (Nov. 2010 ) + -1.661 (Sep. 2021 ) + 6.572 (Sep. 2022 ) = $4.81 Mil.
Solar Integrated Roofing's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was -0.031 (Aug. 2010 ) + -0.027 (Nov. 2010 ) + 0 (Sep. 2021 ) + 0 (Sep. 2022 ) = $-0.06 Mil.
Solar Integrated Roofing's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was -0.007 (Aug. 2010 ) + 0 (Nov. 2010 ) + 0 (Sep. 2021 ) + 0 (Sep. 2022 ) = $-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.


Solar Integrated Roofing  (OTCPK:SIRC) 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. 2022, Solar Integrated Roofing has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Solar Integrated Roofing Sloan Ratio % Related Terms

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Solar Integrated Roofing (Solar Integrated Roofing) Business Description

Traded in Other Exchanges
N/A
Address
2831 St. Rose Pkwy, Suite 200, Henderson, NV, USA, 89052
Solar Integrated Roofing Corp is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on the acquisitions of like companies.
Executives
Richard G Stifel officer: CFO/Secretary 6501 E. GREENWAY PKWY, SUITE 103-412, SCOTTSDALE AZ 85254
Timothy Barritt director, officer: CEO/President 201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718
Raymond Murphy director, officer: COO/Vice President 201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718
Richard Stockdale director, officer: Treasurer/Vice President 201 WEST LAKEWAY, SUITE 1000, GILLETTE WY 82718