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.
SPYR Technologies's Sloan Ratio for the quarter that ended in Sep. 2022 was 0.00%.
As of Sep. 2022, SPYR Technologies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
SPYR Technologies Sloan Ratio % Historical Data
The historical data trend for SPYR Technologies'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.
Competitive Comparison of SPYR Technologies's Sloan Ratio %
For the Software - Infrastructure subindustry, SPYR Technologies'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.
SPYR Technologies's Sloan Ratio % Distribution in the Software Industry
For the Software industry and Technology sector, SPYR Technologies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where SPYR Technologies's Sloan Ratio % falls into.
SPYR Technologies 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.
SPYR Technologies's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as
SPYR Technologies's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was -2.464 (Dec. 2021 ) + -2.154 (Mar. 2022 ) + -1.443 (Jun. 2022 ) + -0.933 (Sep. 2022 ) = $-6.99 Mil.
SPYR Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was 0.288 (Dec. 2021 ) + -0.322 (Mar. 2022 ) + -0.475 (Jun. 2022 ) + -0.339 (Sep. 2022 ) = $-0.85 Mil.
SPYR Technologies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was 0 (Dec. 2021 ) + 0 (Mar. 2022 ) + 0 (Jun. 2022 ) + 0 (Sep. 2022 ) = $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.
SPYR Technologies (OTCPK:SPYR) 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.
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. 2022, SPYR Technologies has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
SPYR Technologies Sloan Ratio % Related Terms
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SPYR Technologies (SPYR Technologies) Business Description
SPYR Technologies is a diversified technology company. The company develops products leveraging the Internet of Things (IoT) for consumer use and large-scale applications and industries. The Company operates two segments in the Internet of Things (IoT) market. The company through its wholly-owned subsidiary GeoTraq division, develop and manufacture entirely self-contained and ultra-small Mobile IoT (Internet of Things) modules for asset tracking, location-based services, and sensor modules for remote monitoring.
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