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EXCO Resources (EXCO Resources) Sloan Ratio % : -16.12% (As of Dec. 2018)


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What is EXCO Resources Sloan Ratio %?

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.

EXCO Resources's Sloan Ratio for the quarter that ended in Dec. 2018 was -16.12%.

As of Dec. 2018, EXCO Resources has a Sloan Ratio of -16.12%, indicating there is a warning stage of accrual build up.


EXCO Resources Sloan Ratio % Historical Data

The historical data trend for EXCO 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.

* Premium members only.

EXCO Resources Sloan Ratio % Chart

EXCO Resources Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.86 -107.49 -25.68 17.66 -16.12

EXCO Resources Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.66 -7.51 -18.60 -22.07 -16.12

Competitive Comparison of EXCO Resources's Sloan Ratio %

For the Oil & Gas E&P subindustry, EXCO 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.


EXCO Resources's Sloan Ratio % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, EXCO Resources's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where EXCO Resources's Sloan Ratio % falls into.



EXCO 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.

EXCO Resources's Sloan Ratio for the fiscal year that ended in Dec. 2018 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2018 )-Cash Flow from Operations (A: Dec. 2018 )
-Cash Flow from Investing (A: Dec. 2018 ))/Total Assets (A: Dec. 2018 )
=(-182.697-133.996
--150.217)/1032.693
=-16.12%

EXCO Resources's Sloan Ratio for the quarter that ended in Dec. 2018 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2018 )
=(-182.697-133.996
--150.217)/1032.693
=-16.12%

EXCO Resources's Net Income for the trailing twelve months (TTM) ended in Dec. 2018 was -211.049 (Mar. 2018 ) + 7.744 (Jun. 2018 ) + 3.684 (Sep. 2018 ) + 16.924 (Dec. 2018 ) = $-182.7 Mil.
EXCO Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2018 was 48.252 (Mar. 2018 ) + 21.244 (Jun. 2018 ) + 40.04 (Sep. 2018 ) + 24.46 (Dec. 2018 ) = $134.0 Mil.
EXCO Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2018 was -52.024 (Mar. 2018 ) + -30.304 (Jun. 2018 ) + -32.028 (Sep. 2018 ) + -35.861 (Dec. 2018 ) = $-150.2 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.


EXCO Resources  (OTCPK:EXCE) 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 Dec. 2018, EXCO Resources has a Sloan Ratio of -16.12%, indicating there is a warning stage of accrual build up.


EXCO Resources Sloan Ratio % Related Terms

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EXCO Resources (EXCO Resources) Business Description

Traded in Other Exchanges
N/A
Address
12377 Merit Drive, Suite 1700, Dallas, TX, USA, 75251
EXCO Resources Inc is an oil and gas exploration and production company. Its operations include the exploration, acquisition, development, and production of oil and gas reserves. These activities take place in the company's onshore oilfields within the United States, and focus on shale resource plays. Its fields are located in key oil and gas areas, including Texas, Louisiana, and the Appalachian region. The Louisiana and Texas operations are the most productive fields. The majority of the company's revenue is generated from natural gas, with a smaller portion coming from oil.
Executives
Wl Ross & Co Llc 10 percent owner 2001 ROSS AVENUE, SUITE 3400, DALLAS TX 75201
Wlr Master Co-investment Gp Llc 10 percent owner 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Wlr Recovery Associates Iv Llc 10 percent owner 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Invesco Wlr Iv Associates Llc 10 percent owner 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Wlr Iv Parallel Esc Lp 10 percent owner 1166 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Invesco Private Capital, Inc. 10 percent owner 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036
810679 Ontario Ltd 10 percent owner 95 WELLINGTON STREET WEST SUITE 800, TORONTO ONTARIO CANADA A6 00000
Second 1109 Holdco Ltd. 10 percent owner 95 WELLINGTON ST W STE 800, TORONTO A6 M5J 2N7
Ffhl Group Ltd 10 percent owner FAIRFAX FINANCIAL HOLDINGS, 4405 CINNERCE CIYRT WEST, TORONTO ONTARIO A6 00000
Sixty Two Investment Co Ltd 10 percent owner 1600 CATHEDRAL PLACE, 925 W GEORGIA ST, VANCOUVER BC CANADA A1 V6C3L3
Fairfax Financial Holdings Ltd/ Can 10 percent owner FAIRFAX FINANCIAL HOLDINGS LTD, 95 WELLINGTON ST WEST STE 800, TORONTO A6 M5J 2N7
Watsa V Prem Et Al 10 percent owner 95 WELLINGTON STREET WEST, SUITE 800, TORONTO A6 M5J 2N7
Wilder John C Jr director 300 CRESCENT COURT, SUITE 1860, DALLAS TX 75201
Oaktree Value Opportunities Fund Holdings, L.p. director, 10 percent owner 333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Ocm Principal Opportunities Fund Iii Gp, L.p. director, 10 percent owner 333 S. GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071

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