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Lightwave Logic (Lightwave Logic) Sloan Ratio % : -9.37% (As of Mar. 2024)


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What is Lightwave Logic 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.

Lightwave Logic's Sloan Ratio for the quarter that ended in Mar. 2024 was -9.37%.

As of Mar. 2024, Lightwave Logic has a Sloan Ratio of -9.37%, indicating the company is in the safe zone and there is no funny business with accruals.


Lightwave Logic Sloan Ratio % Historical Data

The historical data trend for Lightwave 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.

Lightwave Logic Sloan Ratio % Chart

Lightwave Logic Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.25 -22.04 -26.48 -15.34 -13.99

Lightwave Logic Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 -18.56 -15.44 -17.13 -13.99 -9.37

Competitive Comparison of Lightwave Logic's Sloan Ratio %

For the Specialty Chemicals subindustry, Lightwave 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.


Lightwave Logic's Sloan Ratio % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lightwave Logic's Sloan Ratio % distribution charts can be found below:

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



Lightwave 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.

Lightwave Logic's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(-21.038--12.236
--2.957)/41.784
=-13.99%

Lightwave Logic's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2024 )
=(-21.243--13.259
--4.075)/41.738
=-9.37%

Lightwave Logic's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -5.458 (Jun. 2023 ) + -5.165 (Sep. 2023 ) + -4.94 (Dec. 2023 ) + -5.68 (Mar. 2024 ) = $-21.24 Mil.
Lightwave Logic's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -3.255 (Jun. 2023 ) + -2.91 (Sep. 2023 ) + -2.322 (Dec. 2023 ) + -4.772 (Mar. 2024 ) = $-13.26 Mil.
Lightwave Logic's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -0.803 (Jun. 2023 ) + -0.873 (Sep. 2023 ) + -1.571 (Dec. 2023 ) + -0.828 (Mar. 2024 ) = $-4.08 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.


Lightwave Logic  (NAS:LWLG) 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 Mar. 2024, Lightwave Logic has a Sloan Ratio of -9.37%, indicating the company is in the safe zone and there is no funny business with accruals.


Lightwave Logic Sloan Ratio % Related Terms

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Lightwave Logic (Lightwave Logic) Business Description

Traded in Other Exchanges
N/A
Address
369 Inverness Parkway, Suite 350, Englewood, CO, USA, 80112
Lightwave Logic Inc is a United States-based development stage company moving toward commercialization of next-generation electro-optic photonic devices made on its P2IC technology platform which uses in-house proprietary high-activity and high-stability organic polymers. Electro-optical devices convert data from electric signals into optical signals for multiple applications. It designs and synthesizes organic chromophores for use in its own proprietary electro-optic polymer systems and photonic device designs.
Executives
Frederick J Leonberger director C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Ronald A Bucchi director C/O FIRST CONNECTICUT BANCORP, INC., ONE FARM GLEN BOULEVARD, FARMINGTON CT 06032
Laila Partridge director 78 BLANCHARD ROAD, BURLINGTON MA 01803
Siraj Nour El-ahmadi director 4331 WOODCREST LANE, DALLAS TX 75206
Michael Stephen Lebby director 680 MISSION STREET, 24F, SAN FRANCISCO CA 94105
Craig Ciesla director 369 INVERNESS PARKWAY, SUITE 350, ENGLEWOOD CO 80112
Thomas Edward Zelibor director 1831 LEFTHAND CIRCLE, SUITE C, LONGMONT CO 80501
George Lauro director 110 KENSINGTON DRIVE, SARATOGA CA 02021
Louis Charles Glasgow officer: Chief Technology Officer 1693 YARDLEY DRIVE, WEST CHESTER PA 19380
Joseph A Miller director ONE RIVERFRONT PLZ, CORNING NY 14831
Goetz Frederick J Jr director, 10 percent owner, officer: President 121 CONTINENTAL DRIVE, SUITE 110, NEWARK DE 19713
Phillips W Smith director, officer: Chair of Board of Directors 7860 EAST MCCLAIN DRIVE, SUITE 2, SCOTTSDALE AZ 85260-1627
Thomas P Smith director 7860 EAST MCCLAIN DRIVE SUITE E, SCOTTSDALE AZ 85260-1627
James S. Marcelli director, officer: Chief Executive Officer 1831 LEFTHAND CIRCLE, SUITE C, LONGMONT CO 80501
Ross W. Fasick director 121 CONTINENTAL DRIVE, SUITE 110, NEWARK DE 19713