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Cirrus Logic Sloan Ratio %

: -1.99% (As of Sep. 2021)
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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.

Cirrus Logic's Sloan Ratio for the quarter that ended in Sep. 2021 was -1.99%.

As of Sep. 2021, Cirrus Logic has a Sloan Ratio of -1.99%, indicating the company is in the safe zone and there is no funny business with accruals.


Cirrus Logic Sloan Ratio % Historical Data

The historical data trend for Cirrus Logic'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.

* Premium members only.

Cirrus Logic Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Sloan Ratio %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.74 1.96 -4.59 -2.27 -2.95

Cirrus Logic Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Sloan Ratio % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 5.23 -2.95 -1.11 -1.99

Competitive Comparison

For the Semiconductors subindustry, Cirrus Logic'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.

   

Cirrus Logic Sloan Ratio % Distribution

For the Semiconductors industry and Technology sector, Cirrus Logic's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Cirrus Logic's Sloan Ratio % falls into.



Cirrus Logic 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.

Cirrus Logic's Sloan Ratio for the fiscal year that ended in Mar. 2021 is calculated as

Sloan Ratio=(Net Income (A: Mar. 2021 )-Cash Flow from Operations (A: Mar. 2021 )
-Cash Flow from Investing (A: Mar. 2021 ))/Total Assets (A: Mar. 2021 )
=(217.344-348.945
--77.675)/1830.614
=-2.95%

Cirrus Logic's Sloan Ratio for the quarter that ended in Sep. 2021 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2021 )
=(241.954-309.184
--22.96)/2226.16
=-1.99%

Cirrus Logic's Net Income for the trailing twelve months (TTM) ended in Sep. 2021 was 114.368 (Dec. 2020 ) + 25.281 (Mar. 2021 ) + 17.209 (Jun. 2021 ) + 85.096 (Sep. 2021 ) = $242 Mil.
Cirrus Logic's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2021 was 134.304 (Dec. 2020 ) + 172.503 (Mar. 2021 ) + -26.796 (Jun. 2021 ) + 29.173 (Sep. 2021 ) = $309 Mil.
Cirrus Logic's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2021 was -10.42 (Dec. 2020 ) + -8.541 (Mar. 2021 ) + -16.714 (Jun. 2021 ) + 12.715 (Sep. 2021 ) = $-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.


Cirrus Logic  (NAS:CRUS) 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 Sep. 2021, Cirrus Logic has a Sloan Ratio of -1.99%, indicating the company is in the safe zone and there is no funny business with accruals.


Cirrus Logic Sloan Ratio % Related Terms

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Cirrus Logic Business Description

Cirrus Logic logo
Industry
Technology » Semiconductors NAICS : 334413 SIC : 3674
Traded in Other Exchanges
Address
800 West 6th Street, Austin, TX, USA, 78701
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, Japan, Taiwan, and countries across the world.
Executives
Baumgartner Jeffrey W officer: VP of R&D 800 W. 6TH STREET AUSTIN TX 78701
Lego Catherine P director 3787 WOODSIDE ROAD WOODSIDE CA 94062
Carter John C director 800 WEST 6TH STREET AUSTIN TX 78701
Forsyth John officer: President 800 W. 6TH STREET AUSTIN TX 78701
Hanford Deirdre director 700 EAST MIDDLEFIELD ROAD MOUNTAIN VIEW CA 9403
Tupman David J. director 1028 CHURCH ST. SAN FRANCISCO CA 94114
Schuele Alan R director C/O SEVIN ROSEN FUNDS 13455 NOEL RD #1670 DALLAS TX 75240
Dehne Timothy R director C/O NATIONAL INSTRUMENTS 11500 MOPAC BLDG B AUSTIN TX 78759
Davern Alexander M director C/O NATIONAL INSTRUMENTS 11500 MOPAC BLDG C AUSTIN TX 78759
Anderson Scott Arnold officer: Senior VP of Supply Chain 1303 E ALGONQUIN RD SCHAUMBURG IL 60196
Rhode Jason P director, officer: CEO 2901 VIA FORTUNA AUSTIN TX 78746
Fluke Bradley J officer: VP & GM, MEMS Division 400 W CESAR CHAVEZ AUSTIN TX 78701
Case Thurman K officer: VP & CFO C/O CIRUS LOGIC INC 2901 VIA FORTUNA AUSTIN TX 78746
Benson Jodee officer: VP & Chief Culture Office 2901 VIA FORTUNA AUSTIN TX 78746
Thomas Scott officer: SVP General Counsel & Corp C/O CIRRUS LOGIC INC 800 WEST 6TH STREET AUSTIN TX 78701

Cirrus Logic Headlines

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