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 Sloan Ratio % Historical Data
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.
Competitive Comparison of US Lighting Group's Sloan Ratio %
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's Sloan Ratio % Distribution in the 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 (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
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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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