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.
United Maritime's Sloan Ratio for the quarter that ended in Sep. 2024 was 0.00%.
As of Sep. 2024, United Maritime has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
United Maritime Sloan Ratio % Historical Data
The historical data trend for United Maritime'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 United Maritime's Sloan Ratio %
For the Marine Shipping subindustry, United Maritime'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.
United Maritime's Sloan Ratio % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, United Maritime's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where United Maritime'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.
United Maritime's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
United Maritime's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -0.726 (Dec. 2023 ) + -1.34 (Mar. 2024 ) + 0.672 (Jun. 2024 ) + -0.894 (Sep. 2024 ) = $-2.29 Mil.
United Maritime's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Dec. 2023 ) + 2.296 (Mar. 2024 ) + 2.341 (Jun. 2024 ) + 0 (Sep. 2024 ) = $4.64 Mil.
United Maritime's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Dec. 2023 ) + -3.75 (Mar. 2024 ) + -0.007 (Jun. 2024 ) + 0 (Sep. 2024 ) = $-3.76 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.
United Maritime (NAS:USEA) 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, United Maritime has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
United Maritime Sloan Ratio % Related Terms
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United Maritime Corp operates as a shipping company currently specializing in the seaborne transportation of dry bulk commodities. It currently operates one LR2 tanker vessel and three Capesize dry bulk vessels, two Kamsarmax dry bulk vessels, and three Panamax dry bulk vessels, with an aggregate cargo-carrying capacity of approximately 1,004,289 dwt.
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