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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.
SmartCool Systems's Sloan Ratio for the quarter that ended in Sep. 2019 was 0.00%.
As of Sep. 2019, SmartCool Systems has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
SmartCool Systems (OTCPK:SSCFF) 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 Sep. 2019, SmartCool Systems has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
SmartCool Systems Sloan Ratio % Related Terms
SmartCool Systems Sloan Ratio % Historical Data
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The historical data trend for SmartCool 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.
For the Electrical Equipment & Parts subindustry, SmartCool 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.
SmartCool Systems Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, SmartCool Systems's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where SmartCool Systems'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.
SmartCool Systems's Sloan Ratio for the fiscal year that ended in Dec. 2017 is calculated as
SmartCool Systems's Net Income for the trailing twelve months (TTM) ended in Sep. 2019 was -0.722 (Sep. 2018 ) + -0.108 (Mar. 2019 ) + -0.057 (Jun. 2019 ) + -0.017 (Sep. 2019 ) = $-0.90 Mil.
SmartCool Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2019 was -0.399 (Sep. 2018 ) + -0.316 (Mar. 2019 ) + -0.529 (Jun. 2019 ) + -0.034 (Sep. 2019 ) = $-1.28 Mil.
SmartCool Systems's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2019 was 0.023 (Sep. 2018 ) + 0 (Mar. 2019 ) + 0 (Jun. 2019 ) + 0 (Sep. 2019 ) = $0.02 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.
SmartCool Systems (SSCFF) has a Sloan Ratio % of 0.00% as of Sep. 2019. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on SmartCool Systems and its competitors.
Is SmartCool Systems' Sloan Ratio % too high?
SmartCool Systems' current Sloan Ratio % is 0.00%. Overall, SmartCool Systems has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does SmartCool Systems' Sloan Ratio % compare to HUBB?
SmartCool Systems' Sloan Ratio % of 0.00% can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Industrial Products company?
A good Sloan Ratio % depends on the Industrial Products industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on SmartCool Systems and its competitors. SmartCool Systems's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SmartCool Systems stock overvalued right now?
SmartCool Systems (SSCFF) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. SmartCool Systems' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For SmartCool Systems (SSCFF), the current Sloan Ratio % is 0.00% as of Sep. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
SmartCool Systems Inc is a clean technology company. The firm and its subsidiaries are focused on acquiring, commercializing, and marketing energy-saving technologies for commercial and retail businesses. The company has two principal revenue streams namely ESM and ECO3. The ESM is manufactured by a third party in Australia and is designed specifically to reduce the electricity consumption and demand for refrigeration and air conditioning compressors by improving their performance and maintaining temperature control. ECO3 is manufactured in China and is a retrofit product that can be installed on any air conditioning or refrigeration unit, achieving energy efficiency gains as the ESM for smaller systems. The firm generates most of its revenue from Europe, the Middle East, and Africa.
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