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Orion Energy Systems Sloan Ratio %

: 5.48% (As of Dec. 2020)
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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.

Orion Energy Systems's Sloan Ratio for the quarter that ended in Dec. 2020 was 5.48%.

As of Dec. 2020, Orion Energy Systems has a Sloan Ratio of 5.48%, indicating the company is in the safe zone and there is no funny business with accruals.


Orion Energy Systems Sloan Ratio % Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Orion Energy Systems Annual Data
Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
Sloan Ratio % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -22.97 -19.39 -17.93 -2.08 -9.57

Orion Energy Systems Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
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 3.84 -9.57 -6.34 6.71 5.48

Competitive Comparison
* 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.


Orion Energy Systems Sloan Ratio % Distribution

* The bar in red indicates where Orion Energy Systems's Sloan Ratio % falls into.



Orion Energy Systems 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.

Orion Energy Systems's Sloan Ratio for the fiscal year that ended in Mar. 2020 is calculated as

Sloan Ratio=(Net Income (A: )-Cash Flow from Operations (A: Mar. 2020 )
-Cash Flow from Investing (A: Mar. 2020 ))/Total Assets (A: Mar. 2020 )
=(12.462-20.343
--0.936)/72.563
=-9.57%

Orion Energy Systems's Sloan Ratio for the quarter that ended in Dec. 2020 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2020 )
=(3.479-0.424
--0.982)/73.668
=5.48%

Orion Energy Systems's Net Income for the trailing twelve months (TTM) ended in Dec. 2020 was -0.531 (Mar. 2020 ) + -2.219 (Jun. 2020 ) + 1.914 (Sep. 2020 ) + 4.315 (Dec. 2020 ) = $3.5 Mil.
Orion Energy Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2020 was 6.068 (Mar. 2020 ) + -7.709 (Jun. 2020 ) + -6.429 (Sep. 2020 ) + 8.494 (Dec. 2020 ) = $0.4 Mil.
{{stock_data.stock.company}'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2020 was -0.281 (Mar. 2020 ) + -0.244 (Jun. 2020 ) + -0.183 (Sep. 2020 ) + -0.274 (Dec. 2020 ) = $-1.0 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Orion Energy Systems  (NAS:OESX) 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 Dec. 2020, Orion Energy Systems has a Sloan Ratio of 5.48%, indicating the company is in the safe zone and there is no funny business with accruals.


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