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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.
Voyager Technologies's Sloan Ratio for the quarter that ended in Mar. 2026 was 24.42%.
As of Mar. 2026, Voyager Technologies has a Sloan Ratio of 24.42%, indicating there is a warning stage of accrual build up.
Voyager Technologies (NYSE:VOYG) 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 Mar. 2026, Voyager Technologies has a Sloan Ratio of 24.42%, indicating there is a warning stage of accrual build up.
Voyager Technologies Sloan Ratio % Related Terms
Voyager Technologies Sloan Ratio % Historical Data
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The historical data trend for Voyager Technologies'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.
VOYG vs CDRE, RCAT, HAWK: Sloan Ratio % Comparison
For the Aerospace & Defense subindustry, Voyager Technologies'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.
Voyager Technologies Sloan Ratio % vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Voyager Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Voyager Technologies'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.
Voyager Technologies's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Voyager Technologies's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -31.382 (Jun. 2025 ) + -16.273 (Sep. 2025 ) + -30.221 (Dec. 2025 ) + -43.983 (Mar. 2026 ) = $-121.9 Mil.
Voyager Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -16.549 (Jun. 2025 ) + -15.061 (Sep. 2025 ) + -14.979 (Dec. 2025 ) + -39.712 (Mar. 2026 ) = $-86.3 Mil.
Voyager Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -17.217 (Jun. 2025 ) + -63.622 (Sep. 2025 ) + -171.798 (Dec. 2025 ) + -32.919 (Mar. 2026 ) = $-285.6 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.
Voyager Technologies (VOYG) has a Sloan Ratio % of 24.42% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Voyager Technologies and its competitors.
Is Voyager Technologies' Sloan Ratio % too high?
Voyager Technologies' current Sloan Ratio % is 24.42%. Overall, Voyager Technologies has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Voyager Technologies' Sloan Ratio % compare to CDRE and RCAT?
Voyager Technologies' Sloan Ratio % of 24.42% can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Sloan Ratio % depends on the Aerospace & Defense 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 Voyager Technologies and its competitors. Voyager Technologies's current Sloan Ratio % is 24.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voyager Technologies stock overvalued right now?
Voyager Technologies (VOYG) has a current Sloan Ratio % of 24.42%. The current Sloan Ratio % is 24.42%. Voyager Technologies' overall GF Score™ is 8/100 with 2 warning signs to review. 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 Voyager Technologies (VOYG), the current Sloan Ratio % is 24.42% as of Mar. 2026. 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.
Voyager Technologies Inc is a defense and space technology company committed to advancing and delivering transformative, mission-critical solutions. It operates across three primary divisions namely Defense and National Security that provides innovative mission-critical solutions to protect dynamic and contested domains. Pioneer communications technologies, guidance, navigation and controls, signals intelligence and defense systems. Space Solutions delivers space infrastructure, advanced space technology, science systems and mission services that power commercial, academic and government missions from low-Earth orbit to deep space. and Starlab Space Stations is a commercial space station planned to succeed the ISS and provide continued permanent human presence in space.
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