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Meta Materials (Meta Materials) Sloan Ratio % : -763.32% (As of Mar. 2024)


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What is Meta Materials 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.

Meta Materials's Sloan Ratio for the quarter that ended in Mar. 2024 was -763.32%.

Warning Sign:

When sloan ratio (-642.76)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Mar. 2024, Meta Materials has a Sloan Ratio of -763.32%, indicating earnings are more likely to be made up of accruals.


Meta Materials Sloan Ratio % Historical Data

The historical data trend for Meta Materials'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.

Meta Materials Sloan Ratio % Chart

Meta Materials Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
- -59.57 -27.97 0.64 -642.76

Meta Materials Quarterly Data
Dec19 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 0.18 -216.49 -229.28 -642.75 -763.32

Competitive Comparison of Meta Materials's Sloan Ratio %

For the Electronic Components subindustry, Meta Materials'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.


Meta Materials's Sloan Ratio % Distribution in the Hardware Industry

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

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



Meta Materials 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.

Meta Materials'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 )
=(-398.232--42.219
--1.032)/55.228
=-642.76%

Meta Materials'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 )
=(-387.07--32.622
--0.563)/46.361
=-763.32%

Meta Materials's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -293.653 (Jun. 2023 ) + -8.737 (Sep. 2023 ) + -77.172 (Dec. 2023 ) + -7.508 (Mar. 2024 ) = $-387.07 Mil.
Meta Materials's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -10.365 (Jun. 2023 ) + -11.201 (Sep. 2023 ) + -5.133 (Dec. 2023 ) + -5.923 (Mar. 2024 ) = $-32.62 Mil.
Meta Materials's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -4.801 (Jun. 2023 ) + 4.615 (Sep. 2023 ) + -0.409 (Dec. 2023 ) + 0.032 (Mar. 2024 ) = $-0.56 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.


Meta Materials  (NAS:MMAT) 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, Meta Materials has a Sloan Ratio of -763.32%, indicating earnings are more likely to be made up of accruals.


Meta Materials Sloan Ratio % Related Terms

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Meta Materials (Meta Materials) Business Description

Traded in Other Exchanges
Address
60 Highfield Park Drive, Dartmouth, NS, CAN, B3A 4R9
Meta Materials Inc delivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing sustainable, highly functional materials. Its extensive technology platform enables global brands to deliver breakthrough products to their customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. Its products include NANOWEB, which is a transparent conductive film; holoOPTIX; ARfusion; metaAIR; and glucoWISE.
Executives
Jennifer K. Cheraso officer: Chief Human Resources Officer C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
James Macmillan Fusaro director, officer: Chief Executive Officer 1900 S. PRICE ROAD, CHANDLER AZ 85248
Philippe Morali director 400 N. MCCARTHY BLVD., MILPITAS CA 94089
Georgios Palikaras director, 10 percent owner, officer: See Remarks C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 BY2 4M9
David Daniel Eaton officer: Chief Legal Officer 1706 PASEO DE PERALTA, SANTA FE NM 87501
Uzi Sasson officer: See Remarks 2041 LANDINGS DRIVE, MOUNTAIN VIEW CA 94043
Vyomesh Joshi director 17343 VIA DEL CAMPO, SAN DIEGO CA 92127
Eugenia Corrales director C/O SHORETEL, INC., 960 STEWART DRIVE, SUNNYVALE CA 94085
Jonathan Waldern officer: Chief Technical Officer C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9
Rice Kenneth L Jr officer: See Remarks C/O 85 MAIN STREET, HOPKINTON MA 01748
Thomas Gordon Welch 10 percent owner 47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0
John R Harding director C/O MARIMBA INC, 440 CLYDE AVENUE, MOUNTAINVIEW CA 94043
Steen Karsbo director C/O META MATERIALS INC., 1 RESEARCH DRIVE, DARTMOUTH A5 B2Y 4M9
Michael James Graves director 5700 PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Anne Barber Lambert 10 percent owner 47 PLEASANT STREET, PO BOX 40, CHESTER A5 B0J 1J0