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DocuSign Sloan Ratio %

: -19.47% (As of Apr. 2022)
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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.

DocuSign's Sloan Ratio for the quarter that ended in Apr. 2022 was -19.47%.

As of Apr. 2022, DocuSign has a Sloan Ratio of -19.47%, indicating there is a warning stage of accrual build up.


DocuSign Sloan Ratio % Historical Data

The historical data trend for DocuSign'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.

DocuSign Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Sloan Ratio %
Premium Member Only Premium Member Only -14.27 10.01 -0.14 -26.60 -16.27

DocuSign Quarterly Data
Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
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 -18.21 -20.53 -17.27 -16.27 -19.47

Competitive Comparison

For the Software - Application subindustry, DocuSign'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.

   

DocuSign Sloan Ratio % Distribution

For the Software industry and Technology sector, DocuSign's Sloan Ratio % distribution charts can be found below:

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



DocuSign 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.

DocuSign's Sloan Ratio for the fiscal year that ended in Jan. 2022 is calculated as

Sloan Ratio=(Net Income (A: Jan. 2022 )-Cash Flow from Operations (A: Jan. 2022 )
-Cash Flow from Investing (A: Jan. 2022 ))/Total Assets (A: Jan. 2022 )
=(-69.976-506.467
--162.909)/2541.265
=-16.27%

DocuSign's Sloan Ratio for the quarter that ended in Apr. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Apr. 2022 )
=(-88.995-567.156
--154.917)/2574.131
=-19.47%

DocuSign's Net Income for the trailing twelve months (TTM) ended in Apr. 2022 was -25.501 (Jul. 2021 ) + -5.676 (Oct. 2021 ) + -30.445 (Jan. 2022 ) + -27.373 (Apr. 2022 ) = $-89 Mil.
DocuSign's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2022 was 177.669 (Jul. 2021 ) + 105.409 (Oct. 2021 ) + 87.792 (Jan. 2022 ) + 196.286 (Apr. 2022 ) = $567 Mil.
DocuSign's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2022 was -34.371 (Jul. 2021 ) + -52.808 (Oct. 2021 ) + -5.224 (Jan. 2022 ) + -62.514 (Apr. 2022 ) = $-155 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.


DocuSign  (NAS:DOCU) 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 Apr. 2022, DocuSign has a Sloan Ratio of -19.47%, indicating there is a warning stage of accrual build up.


DocuSign Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of DocuSign's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


DocuSign Business Description

DocuSign logo
Industry
Technology » Software NAICS : 511210 SIC : 7379
Traded in Other Exchanges
Address
221 Main Street, Suite 1550, San Francisco, CA, USA, 94105
DocuSign offers the Agreement Cloud, a broad cloud-based software suite that enables users to automate the agreement process and provide legally binding e-signatures from nearly any device. The company was founded in 2003 and completed its IPO in May 2018.
Executives
Gaylor Cynthia officer: Chief Financial Officer C/O PIVOTAL SOFTWARE, INC. 875 HOWARD STREET, FIFTH FLOOR SAN FRANCISCO CA 94103
Olrich Scott V. officer: Chief Operating Officer C/O DOCUSIGN, INC. 221 MAIN ST., SUITE 1000 SAN FRANCISCO CA 94105
Salem Enrique T director SYMANTEC CORPORATION 20330 STEVENS CREEK BLVD. CUPERTINO CA 95014
Solvik Peter director 2105 SOUTH BASCOM AVE. #370 CAMPBELL CA 95008
Alhadeff Loren officer: Chief Revenue Officer C/O DOCUSIGN, INC. SUITE 1000 SAN FRANCISCO CA 94105
Wilderotter Mary Agnes director 115 ALPINE TERRACE OAKLAND CA 94618
Springer Daniel D. director, officer: President and CEO C/O DOCUSIGN, INC. 221 MAIN ST., SUITE 1000 SAN FRANCISCO CA 94105
Phi Tram T officer: SVP, General Counsel C/O IMPERVA, INC. 3400 BRIDGE PARKWAY REDWOOD SHORES CA 94065
Suh Inhi Cho director C/O DOCUSIGN, INC. 221 MAIN STREET, SUITE 1000 SAN FRANCISCO CA 94105
Singh Sudhir Steven director 6222 185TH AVE REDMOND WA 98052
Irving Blake director 14455 N. HAYDEN RD. SCOTTSDALE AZ 85260
Briggs Teresa director 2225 LAWSON LANE SANTA CLARA CA 95054
Beer James A director MCKESSON CORPORATION ONE POST STREET SAN FRANCISCO CA 94104
Wolberg Kirsten O. officer: Chief Technology & Ops Officer 900 NORTH MCCARTHY BLVD MILPITAS CA 95035
Sheridan Michael J officer: Chief Financial Officer C/O DOCUSIGN, INC. 221 MAIN ST., SUITE 1000 SAN FRANCISCO CA 94105

DocuSign Headlines

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