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.
Aura Minerals's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.64%.
As of Dec. 2023, Aura Minerals has a Sloan Ratio of 0.64%, indicating the company is in the safe zone and there is no funny business with accruals.
Aura Minerals Sloan Ratio % Historical Data
The historical data trend for Aura Minerals'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 Aura Minerals's Sloan Ratio %
For the Gold subindustry, Aura Minerals'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.
Aura Minerals's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Aura Minerals's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Aura Minerals's Sloan Ratio % falls into.
Aura Minerals 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.
Aura Minerals's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Aura Minerals's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 97.187 (Mar. 2023 ) + 55.182 (Jun. 2023 ) + 38.319 (Sep. 2023 ) + -28.948 (Dec. 2023 ) = R$162 Mil.
Aura Minerals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 130.382 (Mar. 2023 ) + 149.775 (Jun. 2023 ) + 133.286 (Sep. 2023 ) + 206.125 (Dec. 2023 ) = R$620 Mil.
Aura Minerals's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -156.836 (Mar. 2023 ) + -185.902 (Jun. 2023 ) + -96.403 (Sep. 2023 ) + -47.67 (Dec. 2023 ) = R$-487 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.
Aura Minerals (BSP:AURA33) 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, Aura Minerals has a Sloan Ratio of 0.64%, indicating the company is in the safe zone and there is no funny business with accruals.
Aura Minerals Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Aura Minerals's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Aura Minerals Inc is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The company's producing assets include the San Andres gold mine in Honduras, the Ernesto/Paua -Pique gold mine in Brazil, the Aranzazu copper-gold-silver mine in Mexico and the Gold Road mine in the United States. In addition, the company has two additional gold projects in Brazil, Almas and Matupa, and one gold project in Colombia, Tolda Fria.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BSP:AURA33 has been successfully added to your 