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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.
US Lighting Group's Sloan Ratio for the quarter that ended in Sep. 2024 was -32.96%.
As of Sep. 2024, US Lighting Group has a Sloan Ratio of -32.96%, indicating there is a warning stage of accrual build up.
US Lighting Group (OTCPK:USLG) 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, US Lighting Group has a Sloan Ratio of -32.96%, indicating there is a warning stage of accrual build up.
US Lighting Group Sloan Ratio % Related Terms
US Lighting Group Sloan Ratio % Historical Data
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The historical data trend for US Lighting Group'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.
For the Recreational Vehicles subindustry, US Lighting Group'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.
US Lighting Group Sloan Ratio % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, US Lighting Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where US Lighting Group'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.
US Lighting Group's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
US Lighting Group's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -0.314 (Dec. 2023 ) + -0.439 (Mar. 2024 ) + -0.423 (Jun. 2024 ) + -0.339 (Sep. 2024 ) = $-1.52 Mil.
US Lighting Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was -0.021 (Dec. 2023 ) + -0.092 (Mar. 2024 ) + -0.059 (Jun. 2024 ) + -0.11 (Sep. 2024 ) = $-0.28 Mil.
US Lighting Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -0.079 (Dec. 2023 ) + -0.024 (Mar. 2024 ) + -0.039 (Jun. 2024 ) + -0.088 (Sep. 2024 ) = $-0.23 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.
US Lighting Group (USLG) has a Sloan Ratio % of -32.96% as of Sep. 2024. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on US Lighting Group and its competitors.
Is US Lighting Group's Sloan Ratio % too high?
US Lighting Group's current Sloan Ratio % is -32.96%. Overall, US Lighting Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does US Lighting Group's Sloan Ratio % compare to THO and BC?
US Lighting Group's Sloan Ratio % of -32.96% can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Sloan Ratio % depends on the Vehicles & Parts 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 US Lighting Group and its competitors. US Lighting Group's current Sloan Ratio % is -32.96%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is US Lighting Group stock overvalued right now?
US Lighting Group (USLG) has a current Sloan Ratio % of -32.96%. The current Sloan Ratio % is -32.96%. US Lighting Group's overall GF Score™ is 12/100. 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 US Lighting Group (USLG), the current Sloan Ratio % is -32.96% 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.
US Lighting Group Inc is a manufacturer of recreational vehicles utilizing the highest quality marine materials to create lighter-weight, stronger, and more durable RV travel trailers and campers. It consists of four subsidiaries: Cortes Campers, LLC, a brand of high-end molded fiberglass campers, Futuro Houses, LLC, focused on the design and sales of molded fiberglass homes, Fusion X Marine, LLC, a high-performance boat designer, and MIGMarine Corporation, a composite manufacturing company that produces proprietary molded fiberglass products for other business lines. The company formed Cortes Campers to operate a new brand of inventive travel trailers.
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