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.
Cadan Resources's Sloan Ratio for the quarter that ended in Sep. 2018 was 37.29%.
As of Sep. 2018, Cadan Resources has a Sloan Ratio of 37.29%, indicating there is a warning stage of accrual build up.
Cadan Resources Sloan Ratio % Historical Data
The historical data trend for Cadan Resources'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 Cadan Resources's Sloan Ratio %
For the Gold subindustry, Cadan Resources'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.
Cadan Resources's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Cadan Resources's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cadan Resources's Sloan Ratio % falls into.
Cadan Resources 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.
Cadan Resources's Sloan Ratio for the fiscal year that ended in Dec. 2017 is calculated as
Cadan Resources's Net Income for the trailing twelve months (TTM) ended in Sep. 2018 was 0.784 (Dec. 2017 ) + -0.125 (Mar. 2018 ) + -0.501 (Jun. 2018 ) + -3.145 (Sep. 2018 ) = $-2.99 Mil.
Cadan Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2018 was 1.324 (Dec. 2017 ) + -0.083 (Mar. 2018 ) + -2.963 (Jun. 2018 ) + 0.48 (Sep. 2018 ) = $-1.24 Mil.
Cadan Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2018 was -4.279 (Dec. 2017 ) + -1.34 (Mar. 2018 ) + -0.67 (Jun. 2018 ) + -2.642 (Sep. 2018 ) = $-8.93 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.
Cadan Resources (OTCPK:CADAF) 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. 2018, Cadan Resources has a Sloan Ratio of 37.29%, indicating there is a warning stage of accrual build up.
Cadan Resources Sloan Ratio % Related Terms
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Cadan Resources (Cadan Resources) Business Description
Rizal Resources Corp is engaged in the exploration of natural resource properties located in the Philippines. Its properties include T'Boli Gold Mine Project, Batoto Gold Project, and Comval Copper-Gold Project. It operates through resource property exploration segment. It is focused on the development, exploration and production activities at the T'Boli gold-silver mine. Its material mineral properties are the T'Boli gold-silver deposit, the Batoto-Tarale gold prospect, and the Comval copper-gold deposits. The Batoto Gold Project offers excellent discovery opportunities for gold and gold-copper that will complement the T'Boli gold mining operation.
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