ROC Energy Acquisition (ROC Energy Acquisition) Sloan Ratio %

: 0.00% (As of Mar. 2023)

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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.

ROC Energy Acquisition's Sloan Ratio for the quarter that ended in Mar. 2023 was 0.00%.

As of Mar. 2023, ROC Energy Acquisition has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

ROC Energy Acquisition Sloan Ratio % Historical Data

The historical data trend for ROC Energy Acquisition'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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ROC Energy Acquisition Annual Data

Trend

Dec21

Dec22

Sloan Ratio %

1.98

ROC Energy Acquisition Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Sloan Ratio %			-	-	-	-	-

Competitive Comparison

For the Shell Companies subindustry, ROC Energy Acquisition'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.

ROC Energy Acquisition Sloan Ratio % Distribution

For the Diversified Financial Services industry and Financial Services sector, ROC Energy Acquisition's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where ROC Energy Acquisition's Sloan Ratio % falls into.

ROC Energy Acquisition 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.

ROC Energy Acquisition'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 )
	=	(1.016	-	-1.667
	-	-1.545)	/	213.858
	=	1.98%

ROC Energy Acquisition's Sloan Ratio for the quarter that ended in Mar. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Mar. 2023 )
	=	(1.054	-	-1.195
	-	-2.004)	/	217.911
	=	1.95%

ROC Energy Acquisition's Net Income for the trailing twelve months (TTM) ended in Mar. 2023 was -0.102 (Jun. 2022 ) + 0.326 (Sep. 2022 ) + 1.017 (Dec. 2022 ) + -0.187 (Mar. 2023 ) = $1.05 Mil.
ROC Energy Acquisition's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2023 was -0.222 (Jun. 2022 ) + -0.095 (Sep. 2022 ) + -0.558 (Dec. 2022 ) + -0.32 (Mar. 2023 ) = $-1.20 Mil.
ROC Energy Acquisition's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2023 was 0.066 (Jun. 2022 ) + 0 (Sep. 2022 ) + 0 (Dec. 2022 ) + -2.07 (Mar. 2023 ) = $-2.00 Mil.

ROC Energy Acquisition (NAS:ROC) 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. 2023, ROC Energy Acquisition has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

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ROC Energy Acquisition (ROC Energy Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » ROC Energy Acquisition Corp (NAS:ROC) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16400 Dallas Parkway, Dallas, TX, USA, 75248

Website

ROC Energy Acquisition Corp is a newly incorporated blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

Thomas O Hicks	director, 10 percent owner	2200 ROSS AVENUE, SUITE 4600 W, DALLAS TX 75201
David Richard Johnson	officer: Chief Financial Officer	27215 SYMPHONY CREEK LN, FULSHEAR TX 77441
Robert Wayne Prejean	director, officer: CEO, President	3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Domino Michael Wayne Jr.	officer: President, DTR Division	3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Vermillion Charles Richard Jr.	director	4605 POST OAK PLACE #202, HOUSTON TX 77027
L.p. Hhep-directional,	10 percent owner	2200 ROSS AVENUE, 50TH FLOOR, DALLAS TX 75201
Curt L. Crofford	director	100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Thomas Monroe Patterson	director	801 CHERRY STREET, SUITE 2100, FORT WORTH TX 76102
Eric C Neuman	director	100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Jack D Furst	director	2591 LAKESIDE PARKWAY, SUITE 100, FLOWER MOUND TX 75022
Brian Minnehan	director	5221 N. O'CONNOR BLVD SUITE 1100, IRVING TX 75039
Roc Energy Holdings, Llc	10 percent owner	16400 DALLAS PARKWAY, DALLAS TX 75248
Daniel Jeffrey Kimes	director, officer: Chief Executive Officer	16400 DALLAS PARKWAY, DALLAS TX 75248
Joseph Drysdale	director	16400 DALLAS PARKWAY, DALLAS TX 75248
Win Graham	director	16400 DALLAS PARKWAY, DALLAS TX 75248