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Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and researc...
The following section summarizes insights on Sono-Tek Corp's Sloan Ratio:
We've identified the following companies as similar to Sono-Tek Corp 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 Sono-Tek is calculated as follows:
(+) Net Income [ 1.102 M ]
(-) Cash Flow From Operations [ -920.864 T ]
(-) Cash Flow From Investing [ -4.196 M ]
(=) Accruals [ -4.015 M ]
Accrual [ -4.015 M ]
(/) Average Assets over Period [ 23.509 M ]
(=) Sloan Ratio [ −17.1% ]
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. Sono-Tek 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 2,550 companies were considered in this analysis, and 2,457 had meaningful values. The average sloan ratio of companies in the sector is -11.3% with a standard deviation of 36.9%.
Sono-Tek Corp's Sloan Ratio of -17.1% ranks in the 20.5% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 2,559 |
| Included Constituents | 2,457 |
| Min | -319.4% |
| Max | 42.5% |
| Median | -2.9% |
| Mean | -11.3% |
| Standard Deviation | 36.9% |
You can find companies with similar sloan ratio using this stock screener.