Sunlight Financial Holdings (Sunlight Financial Holdings) Sloan Ratio % : -96.22% (As of Jun. 2023)

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What is Sunlight Financial Holdings 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.

Sunlight Financial Holdings's Sloan Ratio for the quarter that ended in Jun. 2023 was -96.22%.

Warning Sign:

When sloan ratio (-63.14)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Jun. 2023, Sunlight Financial Holdings has a Sloan Ratio of -96.22%, indicating earnings are more likely to be made up of accruals.

Sunlight Financial Holdings Sloan Ratio % Historical Data

The historical data trend for Sunlight Financial Holdings'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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Sunlight Financial Holdings Sloan Ratio % Chart

Sunlight Financial Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Sloan Ratio %

9.81

-63.14

Sunlight Financial Holdings Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Sloan Ratio %	Get a 7-Day Free Trial							18.25	-79.22	-63.14	-79.35	-96.22

Competitive Comparison of Sunlight Financial Holdings's Sloan Ratio %

For the Credit Services subindustry, Sunlight Financial Holdings'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.

Sunlight Financial Holdings's Sloan Ratio % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Sunlight Financial Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Sunlight Financial Holdings's Sloan Ratio % falls into.

Sunlight Financial Holdings 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.

Sunlight Financial Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2022 )	-	Cash Flow from Operations (A: Dec. 2022 )
	-	Cash Flow from Investing (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2022 )
	=	(-315.851	-	-25.639
	-	-4.686)	/	452.195
	=	-63.14%

Sunlight Financial Holdings's Sloan Ratio for the quarter that ended in Jun. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Jun. 2023 )
	=	(-383.597	-	48.512
	-	-13.767)	/	434.779
	=	-96.22%

Sunlight Financial Holdings's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was -264.064 (Sep. 2022 ) + -41.929 (Dec. 2022 ) + -22.947 (Mar. 2023 ) + -54.657 (Jun. 2023 ) = $-383.60 Mil.
Sunlight Financial Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was 10.863 (Sep. 2022 ) + -18.502 (Dec. 2022 ) + 43.961 (Mar. 2023 ) + 12.19 (Jun. 2023 ) = $48.51 Mil.
Sunlight Financial Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was -1.079 (Sep. 2022 ) + -1.49 (Dec. 2022 ) + -2.949 (Mar. 2023 ) + -8.249 (Jun. 2023 ) = $-13.77 Mil.

Sunlight Financial Holdings (OTCPK:SUNLQ) 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 Jun. 2023, Sunlight Financial Holdings has a Sloan Ratio of -96.22%, indicating earnings are more likely to be made up of accruals.

Sunlight Financial Holdings Sloan Ratio % Related Terms

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Sunlight Financial Holdings (Sunlight Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sunlight Financial Holdings Inc (OTCPK:SUNLQ) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 North Tryon Street, Suite 1000, Charlotte, NC, USA, 28246

Website

https://www.sunlightfinancial.com

Sunlight Financial Holdings Inc is a technology-enabled point-of-sale finance company. It partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. It's technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners. It earns revenue in two streams: platform fees earned on each loan facilitated via Orange and fees earned for loan portfolio management, servicing, and administration services.

Executives

Matthew Potere	director, officer: Chief Executive Officer	101 N. TRYON STREET, STE. 1000, CHARLOTTE NC 28246
Rodney Yoder	officer: Chief Financial Officer	101 N. TRYON STREET, SUITE 1000, CHARLOTTE NC 28246
Timothy Parsons	officer: EVP and COO	101 N. TRYON STREET, STE. 1000, CHARLOTTE NC 28246
Apollo Principal Holdings Iii Gp Ltd	10 percent owner	C/O INTERTRUST CORPORATE SERVICES, (CAYMAN) LIMITED, 190 ELGIN STREET, GEORGE TOWN E9 KY1-9005
Apollo Anrp Capital Management Iii, Llc	10 percent owner	9 WEST 57TH ST., 43RD FLOOR, NEW YORK NY 10019
Apollo Anrp Advisors Iii, L.p.	10 percent owner	9 WEST 57TH ST., 43RD FLOOR, NEW YORK NY 10019
Ap Spartan Energy Holdings Ii, L.p.	10 percent owner	9 WEST 57TH ST, 43RD FLOOR, NEW YORK NY 10019
Spartan Acquisition Sponsor Ii Llc	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Aph Holdings, L.p.	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Barry Edinburg	officer: EVP and CFO	101 N. TRYON STREET, SUITE 1000, CHARLOTTE NC 28246
William B Miller	officer: Managing Director Acct Finance	C/O SUNLIGHT FINANCIAL HOLDINGS INC., 101 N. TRYON STREET, SUITE 1000, CHARLOTTE NC 28246
Scott Mulloy	officer: EVP and CIO	101 N. TRYON STREET, STE. 1000, CHARLOTTE NC 28246
Kenneth Shea	director	2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Tiger Infrastructure Partners Co-invest B Lp	10 percent owner	717 FIFTH AVENUE, FLOOR 12A, NEW YORK NY 10022
Ftv V, L.p.	10 percent owner	555 CALIFORNIA STREET, SUITE 2900, SAN FRANCISCO CA 94104