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.
As of Sep. 2024, Surgical Science Sweden AB has a Sloan Ratio of 2.49%, indicating the company is in the safe zone and there is no funny business with accruals.
Surgical Science Sweden AB Sloan Ratio % Historical Data
* 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 Surgical Science Sweden AB's Sloan Ratio %
For the Health Information Services subindustry, Surgical Science Sweden AB'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.
Surgical Science Sweden AB's Sloan Ratio % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Surgical Science Sweden AB's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Surgical Science Sweden AB's Sloan Ratio % falls into.
Surgical Science Sweden AB 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.
Surgical Science Sweden AB's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 9.55 (Dec. 2023 ) + 2.285 (Mar. 2024 ) + 2.724 (Jun. 2024 ) + 4.206 (Sep. 2024 ) = $18.77 Mil.
Surgical Science Sweden AB's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 3.86 (Dec. 2023 ) + 2.736 (Mar. 2024 ) + 2.859 (Jun. 2024 ) + 2.159 (Sep. 2024 ) = $11.61 Mil.
Surgical Science Sweden AB's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -1.146 (Dec. 2023 ) + -0.999 (Mar. 2024 ) + -1.19 (Jun. 2024 ) + -1.224 (Sep. 2024 ) = $-4.56 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.
Surgical Science Sweden AB (OTCPK:SUSRF) 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. 2024, Surgical Science Sweden AB has a Sloan Ratio of 2.49%, indicating the company is in the safe zone and there is no funny business with accruals.
Surgical Science Sweden AB Sloan Ratio % Related Terms
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Surgical Science Sweden AB is a supplier of virtual reality simulators for medical training. The company's core is its proprietary software and hardware for simulating interactions between instruments and anatomy. It has two operating segments; Educational products include Proprietary brand medical simulator hardware and software for generic training of psycho-motor skills, instrument handling, and training for a large number of procedures and examinations, prior to entering the clinical environment and also support and services, and Industry/OEM includes simulation software for product-specific training of surgeons in robot-assisted surgery and other digitalized medical instruments and also simulators for medical device companies.
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