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.
Taysha Gene Therapies's Sloan Ratio for the quarter that ended in Mar. 2024 was -27.31%.
As of Mar. 2024, Taysha Gene Therapies has a Sloan Ratio of -27.31%, indicating there is a warning stage of accrual build up.
Taysha Gene Therapies Sloan Ratio % Historical Data
The historical data trend for Taysha Gene Therapies'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 Taysha Gene Therapies's Sloan Ratio %
For the Biotechnology subindustry, Taysha Gene Therapies'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.
Taysha Gene Therapies's Sloan Ratio % Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Taysha Gene Therapies's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Taysha Gene Therapies's Sloan Ratio % falls into.
Taysha Gene Therapies 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.
Taysha Gene Therapies's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Taysha Gene Therapies's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -24.598 (Jun. 2023 ) + -117.087 (Sep. 2023 ) + 47.741 (Dec. 2023 ) + -24.061 (Mar. 2024 ) = $-118.01 Mil.
Taysha Gene Therapies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -18.767 (Jun. 2023 ) + -17.949 (Sep. 2023 ) + -16.117 (Dec. 2023 ) + -19.798 (Mar. 2024 ) = $-72.63 Mil.
Taysha Gene Therapies's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0.048 (Jun. 2023 ) + -3.49 (Sep. 2023 ) + -0.01 (Dec. 2023 ) + -0.14 (Mar. 2024 ) = $-3.59 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.
Taysha Gene Therapies (NAS:TSHA) 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 Mar. 2024, Taysha Gene Therapies has a Sloan Ratio of -27.31%, indicating there is a warning stage of accrual build up.
Taysha Gene Therapies Sloan Ratio % Related Terms
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Taysha Gene Therapies (Taysha Gene Therapies) Business Description
Taysha Gene Therapies Inc is a patient-centric gene therapy company to eradicate monogenic CNS disease. It is focused on developing and commercializing AAV-based gene therapies for the treatment of monogenic diseases of the CNS in both rare and large patient populations. The company develops and commercializes transformative gene therapy treatments. It is advancing a deep and sustainable product portfolio of 18 gene therapy product candidates, with exclusive options to acquire four additional development programs. Its product candidates include TSHA-101, TSHA-118, TSHA-102, TSHA-103, and TSHA-104.
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