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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.
voxeljet AG's Sloan Ratio for the quarter that ended in Sep. 2023 was -50.66%.
As of Sep. 2023, voxeljet AG has a Sloan Ratio of -50.66%, indicating earnings are more likely to be made up of accruals.
voxeljet AG (OTCPK:VJTTY) 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. 2023, voxeljet AG has a Sloan Ratio of -50.66%, indicating earnings are more likely to be made up of accruals.
voxeljet AG Sloan Ratio % Related Terms
voxeljet AG Sloan Ratio % Historical Data
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The historical data trend for voxeljet AG'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.
VJTTY vs FATH, UAVS, STRC: Sloan Ratio % Comparison
For the Computer Hardware subindustry, voxeljet AG'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.
voxeljet AG Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, voxeljet AG's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where voxeljet AG'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.
voxeljet AG's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as
voxeljet AG's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -0.102 (Dec. 2022 ) + -3.444 (Mar. 2023 ) + -3.935 (Jun. 2023 ) + -3.359 (Sep. 2023 ) = $-10.84 Mil.
voxeljet AG's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -1.891 (Dec. 2022 ) + -3.321 (Mar. 2023 ) + -2.399 (Jun. 2023 ) + -1.521 (Sep. 2023 ) = $-9.13 Mil.
voxeljet AG's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 27.355 (Dec. 2022 ) + -4.128 (Mar. 2023 ) + 1.906 (Jun. 2023 ) + -0.204 (Sep. 2023 ) = $24.93 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.
voxeljet AG (VJTTY) has a Sloan Ratio % of -50.66% as of Sep. 2023. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on voxeljet AG and its competitors.
Is voxeljet AG's Sloan Ratio % too high?
voxeljet AG's current Sloan Ratio % is -50.66%. Overall, voxeljet AG has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does voxeljet AG's Sloan Ratio % compare to FATH and UAVS?
voxeljet AG's Sloan Ratio % of -50.66% can be compared against companies in the Hardware 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 Hardware company?
A good Sloan Ratio % depends on the Hardware 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 voxeljet AG and its competitors. voxeljet AG's current Sloan Ratio % is -50.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is voxeljet AG stock overvalued right now?
voxeljet AG (VJTTY) has a current Sloan Ratio % of -50.66%. The current Sloan Ratio % is -50.66%. voxeljet AG'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 voxeljet AG (VJTTY), the current Sloan Ratio % is -50.66% as of Sep. 2023. 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.
voxeljet AG is in the business of providing high-speed large-format 3d printers and on-demand parts services to industrial and commercial customers and also specializes in Powder-binder-Jetting of plastic and sand. Its product portfolio consists of 3d printers such as VX200, VX500, and VX100. The company supplies its products to the industries such as Foundries, Automotive industries, Aerospace, Pumps, Architecture, Film, and Museum etc. It has Systems and Services operating segments.
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