What is SS Innovations International 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.
* 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 SS Innovations International's Sloan Ratio %
For the Medical Devices subindustry, SS Innovations International'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.
SS Innovations International's Sloan Ratio % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, SS Innovations International's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where SS Innovations International's Sloan Ratio % falls into.
SS Innovations International 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.
SS Innovations International's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -1.85 (Jun. 2023 ) + -1.984 (Sep. 2023 ) + -16.12 (Dec. 2023 ) + -2.798 (Mar. 2024 ) = $-22.75 Mil.
SS Innovations International's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -10.506 (Jun. 2023 ) + -3.152 (Sep. 2023 ) + 0.258 (Dec. 2023 ) + 1.338 (Mar. 2024 ) = $-12.06 Mil.
SS Innovations International's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0.492 (Jun. 2023 ) + -3.439 (Sep. 2023 ) + 2.647 (Dec. 2023 ) + -4.208 (Mar. 2024 ) = $-4.51 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.
SS Innovations International (OTCPK:SSII) 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 Mar. 2024, SS Innovations International has a Sloan Ratio of -19.91%, indicating there is a warning stage of accrual build up.
SS Innovations International Sloan Ratio % Related Terms
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SS Innovations International (SS Innovations International) Business Description
SS Innovations International Inc, formerly Avra Medical Robotics Inc develops medical-surgical devices. It invests in four areas including surgical robotic systems, surgical tools, implantable devices, and surgical robotic training. It is a medical robotics company developing a fully autonomous medical robotic system using proprietary software which integrates Artificial Intelligence and Deep Learning, or machine learning. By using an AI and DL-enhanced software program, the company is creating an intelligent robotic system that it believes can robotize a wide range of medical procedures currently being performed by human hands.
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