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Perceptron (Perceptron) Sloan Ratio % : -12.73% (As of Sep. 2020)


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What is Perceptron 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.

Perceptron's Sloan Ratio for the quarter that ended in Sep. 2020 was -12.73%.

As of Sep. 2020, Perceptron has a Sloan Ratio of -12.73%, indicating there is a warning stage of accrual build up.


Perceptron Sloan Ratio % Historical Data

The historical data trend for Perceptron'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.

Perceptron Sloan Ratio % Chart

Perceptron Annual Data
Trend Jun11 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.51 6.15 0.79 -9.08 -7.53

Perceptron Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Sloan Ratio % Get a 7-Day Free Trial 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 -5.91 -10.32 -21.43 -7.53 -12.73

Competitive Comparison of Perceptron's Sloan Ratio %

For the Scientific & Technical Instruments subindustry, Perceptron'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.


Perceptron's Sloan Ratio % Distribution in the Hardware Industry

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

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



Perceptron 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.

Perceptron's Sloan Ratio for the fiscal year that ended in Jun. 2020 is calculated as

Sloan Ratio=(Net Income (A: Jun. 2020 )-Cash Flow from Operations (A: Jun. 2020 )
-Cash Flow from Investing (A: Jun. 2020 ))/Total Assets (A: Jun. 2020 )
=(-3.971-0.508
-0.458)/65.582
=-7.53%

Perceptron's Sloan Ratio for the quarter that ended in Sep. 2020 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2020 )
=(-5.004-3.488
-0.114)/67.621
=-12.73%

Perceptron's Net Income for the trailing twelve months (TTM) ended in Sep. 2020 was 0.751 (Dec. 2019 ) + -3.936 (Mar. 2020 ) + -1.412 (Jun. 2020 ) + -0.407 (Sep. 2020 ) = $-5.00 Mil.
Perceptron's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2020 was 1.684 (Dec. 2019 ) + 2.301 (Mar. 2020 ) + -2.684 (Jun. 2020 ) + 2.187 (Sep. 2020 ) = $3.49 Mil.
Perceptron's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2020 was 0.056 (Dec. 2019 ) + 0.176 (Mar. 2020 ) + -0.038 (Jun. 2020 ) + -0.08 (Sep. 2020 ) = $0.11 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.


Perceptron  (NAS:PRCP) 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. 2020, Perceptron has a Sloan Ratio of -12.73%, indicating there is a warning stage of accrual build up.


Perceptron Sloan Ratio % Related Terms

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Perceptron (Perceptron) Business Description

Traded in Other Exchanges
N/A
Address
47827 Halyard Drive, Plymouth, MI, USA, 48170-2461
Perceptron Inc is a metrology equipment and solutions company. It develops, produces and sells a comprehensive range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging and dimensional inspection and 3d scanning. Its product portfolio includes 3D machine vision solutions, robot guidance, coordinate measuring machines, laser scanning and advanced analysis software. The company and its subsidiaries operate in Europe, Asia, and the Americas. It generates the majority of its sales from Europe.
Executives
Harbert Management Corp 10 percent owner 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Raymond J Harbert 10 percent owner 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Jay Freeland director, officer: Chairman, Interim Pres & CEO 125 TECHNOLOGY PARK, LAKE MARY FL 32746
Sujatha Kumar director 47827 HALYARD DR PLYMOUTH MI 48170-2461
Rick Neely director 6409 GUADALUPE MINES ROAD, SAN JOSE CA 95120
James A Ratigan director 47827 HALYARD DRIVE PLYMOUTH MI 48170
Harbert Fund Advisors, Inc. 10 percent owner 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Harbert Discovery Fund, Lp 10 percent owner HARBERT DISCOVERY FUND GP, LLC, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
John F. Bryant director, 10 percent owner C/O HARBERT MANAGEMENT CORPORATION, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Kenan Lucas 10 percent owner C/O HARBERT MANAGEMENT CORPORATION, 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
Harbert Discovery Fund Gp, Llc 10 percent owner 2100 THIRD AVENUE NORTH, SUITE 600, BIRMINGHAM AL 35203
William Charles Taylor director 47827 HALYARD DRIVE PLYMOUTH MI 48170
Bill Roeschlein officer: Interim CFO C/O SELECTICA, INC., 3 WEST PLUMERIA, SAN JOSE CA 95134
Laura Pecoraro officer: Vice President of Finance 47827 HALYARD DR PLYMOUTH MI 48170-2461
Valkenburg Richard Van officer: V.P Global Sales & Marketing 47827 HALYARD PLYMOUTH MI 48170