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.
Unique Fabricating's Sloan Ratio for the quarter that ended in Sep. 2022 was -27.38%.
As of Sep. 2022, Unique Fabricating has a Sloan Ratio of -27.38%, indicating there is a warning stage of accrual build up.
Unique Fabricating Sloan Ratio % Historical Data
The historical data trend for Unique Fabricating'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 Unique Fabricating's Sloan Ratio %
For the Auto Parts subindustry, Unique Fabricating'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.
Unique Fabricating's Sloan Ratio % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Unique Fabricating's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Unique Fabricating's Sloan Ratio % falls into.
Unique Fabricating 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.
Unique Fabricating's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as
Unique Fabricating's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was -1.529 (Dec. 2021 ) + -0.569 (Mar. 2022 ) + -10.711 (Jun. 2022 ) + -10.552 (Sep. 2022 ) = $-23.4 Mil.
Unique Fabricating's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was -0.049 (Dec. 2021 ) + 1.758 (Mar. 2022 ) + -0.311 (Jun. 2022 ) + 0.317 (Sep. 2022 ) = $1.7 Mil.
Unique Fabricating's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was -0.997 (Dec. 2021 ) + -0.229 (Mar. 2022 ) + -0.35 (Jun. 2022 ) + -0.469 (Sep. 2022 ) = $-2.0 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.
Unique Fabricating (OTCPK:UFABQ) 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, Unique Fabricating has a Sloan Ratio of -27.38%, indicating there is a warning stage of accrual build up.
Unique Fabricating Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Unique Fabricating's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Unique Fabricating (Unique Fabricating) Business Description
Unique Fabricating Inc is engaged in the engineering and manufacture of multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness, acoustical management, water and air sealing, decorative and other functional applications. Its products are air management products, heating ventilating and air conditioning, seals, fender stuffers, air ducts, acoustical insulation, door water shields, gas tank pads, light gaskets, topper pads, mirror gaskets, glove box liners, personal protection equipment, and packaging. It derives net sales from the sales of foam, rubber plastic, and tape adhesive related automotive products produced by manufacturing processes including die cutting, compression molding, thermoforming, reaction injection molding and fusion molding.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
UFABQ has been successfully added to your 