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.
Tigers Realm Coal's Sloan Ratio for the quarter that ended in Dec. 2023 was 18.32%.
As of Dec. 2023, Tigers Realm Coal has a Sloan Ratio of 18.32%, indicating there is a warning stage of accrual build up.
Tigers Realm Coal Sloan Ratio % Historical Data
The historical data trend for Tigers Realm Coal'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 Tigers Realm Coal's Sloan Ratio %
For the Coking Coal subindustry, Tigers Realm Coal'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.
Tigers Realm Coal's Sloan Ratio % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Tigers Realm Coal's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Tigers Realm Coal's Sloan Ratio % falls into.
Tigers Realm Coal 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.
Tigers Realm Coal's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Tigers Realm Coal's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 11.324 (Jun. 2023 ) + 34.787 (Dec. 2023 ) = A$46.1 Mil.
Tigers Realm Coal's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -3.412 (Jun. 2023 ) + 26.132 (Dec. 2023 ) = A$22.7 Mil.
Tigers Realm Coal's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -7.959 (Jun. 2023 ) + -7.993 (Dec. 2023 ) = A$-16.0 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.
Tigers Realm Coal (ASX:TIG) 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 Dec. 2023, Tigers Realm Coal has a Sloan Ratio of 18.32%, indicating there is a warning stage of accrual build up.
Tigers Realm Coal Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Tigers Realm Coal's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tigers Realm Coal Ltd is engaged in the identification, exploration, development, mining, and sale of coal from deposits in the Far East of the Russian Federation. Its objectives encompass the development of the Amaam Coking Coal Deposits, comprising its two, well-located, large coking coal project. The Amaam Coal Project is located in the Beringovsky Basin, in the Chukotka Autonomous Okrug. The Amaam North and Amaam deposits are located within separate structural blocks of the Bering Coal Basin. The company derives revenue from the Asia region.
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