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Birchcliff Energy (FRA:39B) Sloan Ratio % : 2.58% (As of Jun. 2024)


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What is Birchcliff Energy 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.

Birchcliff Energy's Sloan Ratio for the quarter that ended in Jun. 2024 was 2.58%.

As of Jun. 2024, Birchcliff Energy has a Sloan Ratio of 2.58%, indicating the company is in the safe zone and there is no funny business with accruals.


Birchcliff Energy Sloan Ratio % Historical Data

The historical data trend for Birchcliff Energy'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.

Birchcliff Energy Sloan Ratio % Chart

Birchcliff Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.21 1.13 1.58 2.21 0.88

Birchcliff Energy Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.70 -0.70 0.92 2.58 2.58

Competitive Comparison of Birchcliff Energy's Sloan Ratio %

For the Oil & Gas E&P subindustry, Birchcliff Energy'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.


Birchcliff Energy's Sloan Ratio % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Birchcliff Energy's Sloan Ratio % falls into.



Birchcliff Energy 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.

Birchcliff Energy's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(6.685-219.085
--231.617)/2171.457
=0.88%

Birchcliff Energy's Sloan Ratio for the quarter that ended in Jun. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2024 )
=(27.9-163.547
--192.431)/2199.04
=2.58%

Birchcliff Energy's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was 10.462 (Sep. 2023 ) + -3.782 (Dec. 2023 ) + -10.219 (Mar. 2024 ) + 31.439 (Jun. 2024 ) = €27.9 Mil.
Birchcliff Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 46.978 (Sep. 2023 ) + 54.002 (Dec. 2023 ) + 44.352 (Mar. 2024 ) + 18.215 (Jun. 2024 ) = €163.5 Mil.
Birchcliff Energy's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -36.094 (Sep. 2023 ) + -53.617 (Dec. 2023 ) + -66.967 (Mar. 2024 ) + -35.753 (Jun. 2024 ) = €-192.4 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.


Birchcliff Energy  (FRA:39B) 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 Jun. 2024, Birchcliff Energy has a Sloan Ratio of 2.58%, indicating the company is in the safe zone and there is no funny business with accruals.


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Birchcliff Energy Business Description

Traded in Other Exchanges
Address
600 - 3rd Avenue SW, Suite 1000, Calgary, AB, CAN, T2P 0G5
Birchcliff Energy Ltd is an intermediate oil and gas company that explores for, develops, and produces natural gas, light oil, and natural gas liquids. The company conducts its drilling program in resource plays located in the Peace River Arch region of Alberta. Birchcliff focuses on operating nearly all its high-working production, which is surrounded by blocks of high-working interest lands where it owns and/or controls the infrastructure. To get the full value out of its natural gas wells, several gas plants are completely owned and operated for gas processing purposes. Natural gas production accounts for the majority of Birchcliff's revenue.

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