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Rockpool Acquisitions (LSE:ROC) Sloan Ratio % : 0.00% (As of Sep. 2023)


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What is Rockpool Acquisitions 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.

Rockpool Acquisitions's Sloan Ratio for the quarter that ended in Sep. 2023 was 0.00%.

As of Sep. 2023, Rockpool Acquisitions has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Rockpool Acquisitions Sloan Ratio % Historical Data

The historical data trend for Rockpool Acquisitions'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.

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Rockpool Acquisitions Sloan Ratio % Chart

Rockpool Acquisitions Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
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Rockpool Acquisitions Semi-Annual Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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Competitive Comparison of Rockpool Acquisitions's Sloan Ratio %

For the Shell Companies subindustry, Rockpool Acquisitions'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.


Rockpool Acquisitions's Sloan Ratio % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Rockpool Acquisitions's Sloan Ratio % distribution charts can be found below:

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



Rockpool Acquisitions 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.

Rockpool Acquisitions's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Sloan Ratio=(Net Income (A: Mar. 2023 )-Cash Flow from Operations (A: Mar. 2023 )
-Cash Flow from Investing (A: Mar. 2023 ))/Total Assets (A: Mar. 2023 )
=(-0.297--0.466
-0)/0.724
=23.34%

Rockpool Acquisitions's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2023 )
=(-0.567--0.574
-0)/0.353
=1.98%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Rockpool Acquisitions's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -0.219 (Mar. 2023 ) + -0.348 (Sep. 2023 ) = £-0.57 Mil.
Rockpool Acquisitions's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -0.224 (Mar. 2023 ) + -0.35 (Sep. 2023 ) = £-0.57 Mil.
Rockpool Acquisitions's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0 (Mar. 2023 ) + 0 (Sep. 2023 ) = £0.00 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.


Rockpool Acquisitions  (LSE:ROC) 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. 2023, Rockpool Acquisitions has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Rockpool Acquisitions Sloan Ratio % Related Terms

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Rockpool Acquisitions (LSE:ROC) Business Description

Traded in Other Exchanges
N/A
Address
C/o Cordovan Capital Management Ltd, 5-7 Upper Queen Street, Suite 102, Urban HQ, Belfast, GBR, BT1 6FB
Rockpool Acquisitions PLC is a special purpose acquisition company based in Northern Ireland. The company is seeking to identify and acquire a Northern Ireland-based company that is focused on growth and provides it with that access, helping that company meet its aspirations and full potential.

Rockpool Acquisitions (LSE:ROC) Headlines

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