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Foxx Development Holdings Inc. operates as a consumer electronics and integrated internet-of-things (IoT) solution company in the United States. The company offers smartphones, tablets, wearables, and...
We've identified the following companies as similar to Foxx Development Holdings Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Sloan Ratio in the risk category include:
A formula developed by Richard Sloan in 1996 that measures the degree of accruals versus reported earnings.
Sloan Ratio is defined as:
Accruals
(/) Average Total Assets
(=) Sloan Ratio
where Accruals = Net Income - Cash from Operations - Cash from Investing
Sloan Ratio for Foxx Development is calculated as follows:
(+) Net Income [ -3.086 M ]
(-) Cash Flow From Operations [ 6.044 M ]
(-) Cash Flow From Investing [ 71.063 T ]
(=) Accruals [ 3.03 M ]
Accrual [ 3.03 M ]
(/) Average Assets over Period [ 15.968 M ]
(=) Sloan Ratio [ 19.0% ]
A Sloan Ratio between -10% and 10% is generally considered safe. If the Sloan ratio exceeds 25% or is less than -25% for consecutive years may be cause for concern. Foxx Development has a Sloan ratio in the Gray Zone.
The chart above depicts the distribution of sloan ratio for companies operating in the Information Technology sector in the Developed economic region. Over 2,560 companies were considered in this analysis, and 2,460 had meaningful values. The average sloan ratio of companies in the sector is -11.1% with a standard deviation of 37.0%.
Foxx Development Holdings Inc's Sloan Ratio of 19.0% ranks in the 95.0% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 2,562 |
| Included Constituents | 2,460 |
| Min | -328.4% |
| Max | 42.5% |
| Median | -2.8% |
| Mean | -11.1% |
| Standard Deviation | 37.0% |
You can find companies with similar sloan ratio using this stock screener.