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.
Xylo Technologies's Sloan Ratio for the quarter that ended in Dec. 2023 was -13.05%.
As of Dec. 2023, Xylo Technologies has a Sloan Ratio of -13.05%, indicating there is a warning stage of accrual build up.
Xylo Technologies Sloan Ratio % Historical Data
The historical data trend for Xylo 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.
Competitive Comparison of Xylo Technologies's Sloan Ratio %
For the Medical Devices subindustry, Xylo 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.
Xylo Technologies's Sloan Ratio % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Xylo Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Xylo Technologies's Sloan Ratio % falls into.
Xylo 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.
Xylo Technologies's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Xylo Technologies's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -8.2 (Jun. 2023 ) + -7.825 (Dec. 2023 ) = $-16.03 Mil.
Xylo Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -2.379 (Jun. 2023 ) + -3.868 (Dec. 2023 ) = $-6.25 Mil.
Xylo Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -4.214 (Jun. 2023 ) + 2.776 (Dec. 2023 ) = $-1.44 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.
Xylo Technologies (NAS:XYLO) 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 Dec. 2023, Xylo Technologies has a Sloan Ratio of -13.05%, indicating there is a warning stage of accrual build up.
Xylo Technologies Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Xylo Technologies's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Xylo Technologies (Xylo Technologies) Business Description
Medigus Ltd is an Israel-based medical device company. It is engaged in the development, manufacturing, and marketing of surgical endostaplers and direct vision systems for minimally invasive medical procedures. The key product of the company is the MUSE (Medigus Ultrasonic Surgical Endostapler) system is a single-use device for the incisionless treatment of GERD (gastroesophageal reflux disease), which is based on proprietary platform technology and know-how. The company also develops a range of micro video cameras under the micro ScoutCam portfolio of products. It operates in five segments: Medical, E-Commerce, Online, Electric Vehicles, and Corporate. The company's geographical segments include the United States, United Kingdom, Germany, Israel, China, and Others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XYLO has been successfully added to your 