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Tahoe Resources (Tahoe Resources) Sloan Ratio % : -1.45% (As of Sep. 2018)


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What is Tahoe 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.

Tahoe Resources's Sloan Ratio for the quarter that ended in Sep. 2018 was -1.45%.

As of Sep. 2018, Tahoe Resources has a Sloan Ratio of -1.45%, indicating the company is in the safe zone and there is no funny business with accruals.


Tahoe Resources Sloan Ratio % Historical Data

The historical data trend for Tahoe 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.

Tahoe Resources Sloan Ratio % Chart

Tahoe Resources Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Sloan Ratio %
Get a 7-Day Free Trial 15.72 2.08 -8.91 -0.35 2.32

Tahoe Resources Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 -0.18 2.32 1.80 3.04 -1.45

Competitive Comparison of Tahoe Resources's Sloan Ratio %

For the Gold subindustry, Tahoe 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.


Tahoe Resources's Sloan Ratio % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tahoe Resources's Sloan Ratio % distribution charts can be found below:

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



Tahoe 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.

Tahoe Resources's Sloan Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2017 )-Cash Flow from Operations (A: Dec. 2017 )
-Cash Flow from Investing (A: Dec. 2017 ))/Total Assets (A: Dec. 2017 )
=(81.793-234.264
--224.089)/3080.638
=2.32%

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

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2018 )
=(-230.425-69.33
--257.202)/2931.362
=-1.45%

Tahoe Resources's Net Income for the trailing twelve months (TTM) ended in Sep. 2018 was -18.01 (Dec. 2017 ) + -6.862 (Mar. 2018 ) + -15.553 (Jun. 2018 ) + -190 (Sep. 2018 ) = $-230.4 Mil.
Tahoe Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2018 was 10.943 (Dec. 2017 ) + 22.147 (Mar. 2018 ) + 18.201 (Jun. 2018 ) + 18.039 (Sep. 2018 ) = $69.3 Mil.
Tahoe Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2018 was -62.917 (Dec. 2017 ) + -56.165 (Mar. 2018 ) + -74.4 (Jun. 2018 ) + -63.72 (Sep. 2018 ) = $-257.2 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.


Tahoe Resources  (NYSE:TAHO) 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 Sep. 2018, Tahoe Resources has a Sloan Ratio of -1.45%, indicating the company is in the safe zone and there is no funny business with accruals.


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Tahoe Resources (Tahoe Resources) Business Description

Traded in Other Exchanges
N/A
Address
Tahoe Resources Inc is a Canadian mining company focused on the production of precious metals in the Americas. The majority of the company's revenue is derived from silver, with a contribution generated from gold production. Sales of lead and zinc, produced largely as by-products, make up the remainder of Tahoe's consolidated revenue. The company operates the Timmins West and Bell Creek gold mines domestically, the Escobal silver mine in Guatemala, and the La Arena and Shahuindo gold mines in Peru.