Symphony Environmental Technologies (LSE:SYM) Sloan Ratio % : -13.27% (As of Jun. 2023)

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What is Symphony Environmental Technologies Sloan Ratio %?

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.

Symphony Environmental Technologies's Sloan Ratio for the quarter that ended in Jun. 2023 was -13.27%.

As of Jun. 2023, Symphony Environmental Technologies has a Sloan Ratio of -13.27%, indicating there is a warning stage of accrual build up.

Symphony Environmental Technologies Sloan Ratio % Historical Data

The historical data trend for Symphony Environmental 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.

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Symphony Environmental Technologies Sloan Ratio % Chart

Symphony Environmental Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Sloan Ratio %

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31.06

1.44

15.75

-9.84

-18.40

Symphony Environmental Technologies Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Sloan Ratio %	Get a 7-Day Free Trial															-3.00	-9.84	-7.58	-18.40	-13.27

Competitive Comparison of Symphony Environmental Technologies's Sloan Ratio %

For the Packaging & Containers subindustry, Symphony Environmental 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.

Symphony Environmental Technologies's Sloan Ratio % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Symphony Environmental Technologies's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Symphony Environmental Technologies's Sloan Ratio % falls into.

Symphony Environmental Technologies Sloan Ratio % Calculation

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.

Symphony Environmental Technologies's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2022 )	-	Cash Flow from Operations (A: Dec. 2022 )
	-	Cash Flow from Investing (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2022 )
	=	(-2.887	-	-1.466
	-	-0.342)	/	5.863
	=	-18.40%

Symphony Environmental Technologies's Sloan Ratio for the quarter that ended in Jun. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Jun. 2023 )
	=	(-2.35	-	-1.164
	-	-0.448)	/	5.56
	=	-13.27%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Symphony Environmental Technologies's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was -1.585 (Dec. 2022 ) + -0.765 (Jun. 2023 ) = £-2.35 Mil.
Symphony Environmental Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was -0.762 (Dec. 2022 ) + -0.402 (Jun. 2023 ) = £-1.16 Mil.
Symphony Environmental Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was -0.247 (Dec. 2022 ) + -0.201 (Jun. 2023 ) = £-0.45 Mil.

Symphony Environmental Technologies (LSE:SYM) 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.

According to How to Beat the Market with the Sloan Ratio:

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 Jun. 2023, Symphony Environmental Technologies has a Sloan Ratio of -13.27%, indicating there is a warning stage of accrual build up.

Symphony Environmental Technologies Sloan Ratio % Related Terms

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Symphony Environmental Technologies (LSE:SYM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Symphony Environmental Technologies PLC (LSE:SYM) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

XP7:Germany

Address

6 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, GBR, WD6 1JD

Website

https://www.symphonyenvironmental.com

Symphony Environmental Technologies PLC develops and markets environmental plastic products. It has developed a protective plastic technology under the d2p (designed to protect) brand, which offers extra protection from bacteria, insects, fungi, algae, odor, fouling, and fire. Its products include d2w a masterbatch system that turns ordinary plastic into a material with a different molecular structure, d2Detector is a portable XRF that determines whether a plastic product contains d2w, d2p offers extra protection to plastic product, and d2t offers a tracer system to determine the authenticity of plastic packaging and other plastic products. Its geographic areas are the United Kingdom, Europe, the Americas, the Middle East and Asia, and Africa.