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Sense Technologies (Sense Technologies) Sloan Ratio % : 0.00% (As of Nov. 2016)


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What is Sense Technologies 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.

Sense Technologies's Sloan Ratio for the quarter that ended in Nov. 2016 was 0.00%.

As of Nov. 2016, Sense Technologies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Sense Technologies Sloan Ratio % Historical Data

The historical data trend for Sense 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.

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Sense Technologies Sloan Ratio % Chart

Sense Technologies Annual Data
Trend Feb07 Feb08 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16
Sloan Ratio %
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Sense Technologies Quarterly Data
Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16
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Competitive Comparison of Sense Technologies's Sloan Ratio %

For the Auto Parts subindustry, Sense 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.


Sense Technologies's Sloan Ratio % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sense Technologies's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Sense Technologies's Sloan Ratio % falls into.



Sense Technologies 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.

Sense Technologies's Sloan Ratio for the fiscal year that ended in Feb. 2016 is calculated as

Sloan Ratio=(Net Income (A: Feb. 2016 )-Cash Flow from Operations (A: Feb. 2016 )
-Cash Flow from Investing (A: Feb. 2016 ))/Total Assets (A: Feb. 2016 )
=(-0.572--0.375
-0)/0.052
=-378.85%

Sense Technologies's Sloan Ratio for the quarter that ended in Nov. 2016 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Nov. 2016 )
=(-1.319--0.697
-0)/10.08
=-6.17%

Sense Technologies's Net Income for the trailing twelve months (TTM) ended in Nov. 2016 was -0.255 (Feb. 2016 ) + -0.201 (May. 2016 ) + -0.522 (Aug. 2016 ) + -0.341 (Nov. 2016 ) = $-1.32 Mil.
Sense Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2016 was -0.089 (Feb. 2016 ) + -0.037 (May. 2016 ) + -0.096 (Aug. 2016 ) + -0.475 (Nov. 2016 ) = $-0.70 Mil.
Sense Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Nov. 2016 was 0 (Feb. 2016 ) + 0 (May. 2016 ) + 0 (Aug. 2016 ) + 0 (Nov. 2016 ) = $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.


Sense Technologies  (OTCPK:SNSGF) 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 Nov. 2016, Sense Technologies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


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Sense Technologies (Sense Technologies) Business Description

Traded in Other Exchanges
N/A
Address
2535 North Carleton Avenue, Grand Island, NE, USA, 68803
Sense Technologies Inc. is a developer and marketer of driver aids for the automotive industry. The Company holds a non-exclusive license to manufacture, distribute, market and sell the ScopeOut product, a system of specially designed mirrors which are placed at specific points on automobiles, trucks, sport utility vehicles or commercial vehicles to offer drivers a more complete view behind the vehicle.

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