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.
Catheter Precision's Sloan Ratio for the quarter that ended in Mar. 2024 was 13.30%.
Warning Sign:
When sloan ratio (-162.32)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2024, Catheter Precision has a Sloan Ratio of 13.30%, indicating earnings are more likely to be made up of accruals.
Catheter Precision Sloan Ratio % Historical Data
The historical data trend for Catheter Precision'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 Catheter Precision's Sloan Ratio %
For the Medical Devices subindustry, Catheter Precision'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.
Catheter Precision's Sloan Ratio % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Catheter Precision's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Catheter Precision's Sloan Ratio % falls into.
Catheter Precision 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.
Catheter Precision's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Catheter Precision's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -1.455 (Jun. 2023 ) + -1.806 (Sep. 2023 ) + -0.613 (Dec. 2023 ) + -2.461 (Mar. 2024 ) = €-6.34 Mil.
Catheter Precision's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -4.474 (Jun. 2023 ) + -1.715 (Sep. 2023 ) + -1.732 (Dec. 2023 ) + -1.787 (Mar. 2024 ) = €-9.71 Mil.
Catheter Precision's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -0.018 (Jun. 2023 ) + -0.001 (Sep. 2023 ) + -0.017 (Dec. 2023 ) + -0.02 (Mar. 2024 ) = €-0.06 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.
Catheter Precision (STU:4RM) 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, Catheter Precision has a Sloan Ratio of 13.30%, indicating earnings are more likely to be made up of accruals.
Catheter Precision Sloan Ratio % Related Terms
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Catheter Precision Inc Formerly Ra Medical Systems Inc is a commercial-stage medical device company whose business comprises of the design, manufacture and sale of new medical technologies in the field of cardiac electrophysiology, or EP. Its product, View into Ventricular Onset System or VIVO System which is a non invasive imaging system that offers 3D cardiac mapping to help with localizing the sites of idiopathic ventricular arrhythmias in patients with structurally normal hearts prior to EP procedures. . It operates business as one segment which includes all activities related to the marketing, sales and development of medical technologies in the field of cardiac EP.
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