LED iBond International A/S (OCSE:LEDIBOND) Sloan Ratio % : -46.47% (As of Mar. 2024)

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What is LED iBond International A/S 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.

LED iBond International A/S's Sloan Ratio for the quarter that ended in Mar. 2024 was -46.47%.

Warning Sign:

When sloan ratio (-37.98)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Mar. 2024, LED iBond International A/S has a Sloan Ratio of -46.47%, indicating earnings are more likely to be made up of accruals.

LED iBond International A/S Sloan Ratio % Historical Data

The historical data trend for LED iBond International A/S'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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LED iBond International A/S Sloan Ratio % Chart

LED iBond International A/S Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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-10.72

4.62

6.38

-53.95

-37.98

LED iBond International A/S 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															-68.74	-85.38	-104.35	-37.97	-46.47

Competitive Comparison of LED iBond International A/S's Sloan Ratio %

For the Electrical Equipment & Parts subindustry, LED iBond International A/S'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.

LED iBond International A/S's Sloan Ratio % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, LED iBond International A/S's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where LED iBond International A/S's Sloan Ratio % falls into.

LED iBond International A/S 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.

LED iBond International A/S'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 )
	=	(-21.861	-	-5.876
	-	-3.094)	/	33.945
	=	-37.98%

LED iBond International A/S'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 )
	=	(-21.338	-	-5.199
	-	-2.85)	/	28.594
	=	-46.47%

LED iBond International A/S's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -4.988 (Jun. 2023 ) + -3.497 (Sep. 2023 ) + -8.922 (Dec. 2023 ) + -3.931 (Mar. 2024 ) = kr-21.34 Mil.
LED iBond International A/S's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -1.773 (Jun. 2023 ) + 1.311 (Sep. 2023 ) + -2.146 (Dec. 2023 ) + -2.591 (Mar. 2024 ) = kr-5.20 Mil.
LED iBond International A/S's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -0.775 (Jun. 2023 ) + -0.805 (Sep. 2023 ) + -0.694 (Dec. 2023 ) + -0.576 (Mar. 2024 ) = kr-2.85 Mil.

LED iBond International A/S (OCSE:LEDIBOND) 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, LED iBond International A/S has a Sloan Ratio of -46.47%, indicating earnings are more likely to be made up of accruals.

LED iBond International A/S Sloan Ratio % Related Terms

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LED iBond International A/S (OCSE:LEDIBOND) Business Description

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Address

Agern Alle 5A, Horsholm, DNK, 2970

Website

https://www.ledibond.com

LED iBond International A/S is a Danish technology company that offers solutions for integrating light and data, based on its deep knowledge of modern LED technology and many years of development. The patented technology includes the lightest and thinnest LED, offering a value proposition combining total design flexibility, full IoT integration, and low total costs of ownership. Its technology has been deployed in many projects, ranging from intelligent shelf lighting to large-scale indoor illumination projects such as the installation of 3.2 kilometers of Tracy, the company's flagship product, at DTU, the Technical University of Denmark.

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