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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.
EvokAI Creative Labs's Sloan Ratio for the quarter that ended in Sep. 2024 was 0.00%.
As of Sep. 2024, EvokAI Creative Labs has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
EvokAI Creative Labs (TSXV:OKAI) 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, EvokAI Creative Labs has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
EvokAI Creative Labs Sloan Ratio % Related Terms
EvokAI Creative Labs Sloan Ratio % Historical Data
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The historical data trend for EvokAI Creative Labs'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.
TSXV:OKAI vs VEEV, GEHC, DOCS: Sloan Ratio % Comparison
For the Health Information Services subindustry, EvokAI Creative Labs'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.
EvokAI Creative Labs Sloan Ratio % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, EvokAI Creative Labs's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where EvokAI Creative Labs'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.
EvokAI Creative Labs's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
EvokAI Creative Labs's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -17.026 (Dec. 2023 ) + -0.577 (Mar. 2024 ) + -0.423 (Jun. 2024 ) + -0.278 (Sep. 2024 ) = C$-18.30 Mil.
EvokAI Creative Labs's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was -0.6 (Dec. 2023 ) + -0.587 (Mar. 2024 ) + -0.355 (Jun. 2024 ) + -0.118 (Sep. 2024 ) = C$-1.66 Mil.
EvokAI Creative Labs's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Dec. 2023 ) + 0 (Mar. 2024 ) + 0 (Jun. 2024 ) + 0 (Sep. 2024 ) = C$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.
EvokAI Creative Labs (TSXV:OKAI) has a Sloan Ratio % of 0.00% as of Sep. 2024. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on EvokAI Creative Labs and its competitors.
Is EvokAI Creative Labs' Sloan Ratio % too high?
EvokAI Creative Labs' current Sloan Ratio % is 0.00%. Overall, EvokAI Creative Labs has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does EvokAI Creative Labs' Sloan Ratio % compare to VEEV and GEHC?
EvokAI Creative Labs' Sloan Ratio % of 0.00% can be compared against companies in the Healthcare Providers & Services 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 a Healthcare Providers & Services company?
A good Sloan Ratio % depends on the Healthcare Providers & Services 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 EvokAI Creative Labs and its competitors. EvokAI Creative Labs'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 EvokAI Creative Labs stock overvalued right now?
EvokAI Creative Labs (TSXV:OKAI) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. EvokAI Creative Labs' overall GF Score™ is 15/100. 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 EvokAI Creative Labs (TSXV:OKAI), the current Sloan Ratio % is 0.00% as of Sep. 2024. 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.
EvokAI Creative Labs Inc is a medtech artificial-intelligence-powered company. It deploys machine learning models to search medical data and uncover insights to help improve health outcomes, patient experiences, drug development, preclinical and clinical decisions, and provide more accurate diagnoses. EvokAI tailors its AI algorithms across the whole healthcare system, from hospitals, private clinics, research institutions, pharmaceutical companies, and contract research organizations to medical professionals, patients, and healthy individuals aiming at preventing and early detecting any kind of disease and beyond, protecting the aging genome.
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