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.
CANPR Technology's Sloan Ratio for the quarter that ended in Nov. 2024 was 54.05%.
Warning Sign:
When sloan ratio (68.26)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Nov. 2024, CANPR Technology has a Sloan Ratio of 54.05%, indicating earnings are more likely to be made up of accruals.
CANPR Technology Sloan Ratio % Historical Data
The historical data trend for CANPR Technology'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 CANPR Technology's Sloan Ratio %
For the Personal Services subindustry, CANPR Technology'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.
CANPR Technology's Sloan Ratio % Distribution in the Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, CANPR Technology's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where CANPR Technology'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.
CANPR Technology's Sloan Ratio for the fiscal year that ended in May. 2024 is calculated as
CANPR Technology's Net Income for the trailing twelve months (TTM) ended in Nov. 2024 was -0.433 (Feb. 2024 ) + -0.475 (May. 2024 ) + -1.845 (Aug. 2024 ) + -0.372 (Nov. 2024 ) = C$-3.13 Mil.
CANPR Technology's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2024 was -1.679 (Feb. 2024 ) + -1.877 (May. 2024 ) + 0.561 (Aug. 2024 ) + -0.69 (Nov. 2024 ) = C$-3.69 Mil.
CANPR Technology's Cash Flow from Investing for the trailing twelve months (TTM) ended in Nov. 2024 was -0.564 (Feb. 2024 ) + -1.009 (May. 2024 ) + -0.3 (Aug. 2024 ) + -0.001 (Nov. 2024 ) = C$-1.87 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.
CANPR Technology (TSXV:WPR) 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 Nov. 2024, CANPR Technology has a Sloan Ratio of 54.05%, indicating earnings are more likely to be made up of accruals.
CANPR Technology Sloan Ratio % Related Terms
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CANPR Technology Ltd offers a platform dedicated to helping immigrants in their journey toward becoming permanent residents of Canada. Its platform provides a comprehensive understanding of the process of immigrating to Canada, completing and tracking immigration applications, and connecting with employers to help find a job. The company also offers post-immigration services to help settle in Canada. Additionally, it also provides services like assistance with obtaining Visitor Visas, Super Visas, and Entrepreneur Visas, as well as add-on services like Smart CV preparation and guidance for English and French classes. The company operates in a single operating segment, immigration services, and all of its activities are conducted in Canada.
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