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Denison Mines (Denison Mines) Sloan Ratio % : 16.67% (As of Dec. 2023)


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What is Denison Mines 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.

Denison Mines's Sloan Ratio for the quarter that ended in Dec. 2023 was 16.67%.

As of Dec. 2023, Denison Mines has a Sloan Ratio of 16.67%, indicating there is a warning stage of accrual build up.


Denison Mines Sloan Ratio % Historical Data

The historical data trend for Denison Mines'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.

Denison Mines Sloan Ratio % Chart

Denison Mines 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 0.53 -0.97 27.28 9.55 16.76

Denison Mines Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 10.19 1.05 4.44 14.49 16.67

Competitive Comparison of Denison Mines's Sloan Ratio %

For the Uranium subindustry, Denison Mines'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.


Denison Mines's Sloan Ratio % Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Denison Mines's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Denison Mines's Sloan Ratio % falls into.



Denison Mines 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.

Denison Mines'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 )
=(67.364--22.859
--0.536)/541.594
=16.76%

Denison Mines's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(67.03--22.759
--0.521)/541.594
=16.67%

Denison Mines's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -1.754 (Mar. 2023 ) + 0.046 (Jun. 2023 ) + 43.04 (Sep. 2023 ) + 25.698 (Dec. 2023 ) = $67.03 Mil.
Denison Mines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -5.711 (Mar. 2023 ) + -7.073 (Jun. 2023 ) + -6.353 (Sep. 2023 ) + -3.622 (Dec. 2023 ) = $-22.76 Mil.
Denison Mines's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -1.013 (Mar. 2023 ) + -1.064 (Jun. 2023 ) + -0.627 (Sep. 2023 ) + 2.183 (Dec. 2023 ) = $-0.52 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.


Denison Mines  (AMEX:DNN) 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. 2023, Denison Mines has a Sloan Ratio of 16.67%, indicating there is a warning stage of accrual build up.


Denison Mines Sloan Ratio % Related Terms

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Denison Mines (Denison Mines) Business Description

Traded in Other Exchanges
Address
40 University Avenue, Suite 1100, Toronto, ON, CAN, M5J 1T1
Denison Mines Corp is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. The company has an effective 95% interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the infrastructure rich eastern portion of the Athabasca Basin region of northern Saskatchewan. The company is also engaged in mine decommissioning and environmental services through its Closed Mines group, which manages its Elliot Lake reclamation projects and provides third-party post-closure mine care and maintenance services.