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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.
Blue Water Petroleum's Sloan Ratio for the quarter that ended in Apr. 2014 was 0.00%.
As of Apr. 2014, Blue Water Petroleum has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Blue Water Petroleum (OTCPK:BWPC) 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 Apr. 2014, Blue Water Petroleum has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Blue Water Petroleum Sloan Ratio % Related Terms
Blue Water Petroleum Sloan Ratio % Historical Data
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The historical data trend for Blue Water Petroleum'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.
BWPC vs EUENF, ATLS, JONEQ: Sloan Ratio % Comparison
For the Waste Management subindustry, Blue Water Petroleum'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.
Blue Water Petroleum Sloan Ratio % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Blue Water Petroleum's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Blue Water Petroleum's Sloan Ratio % falls into.
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.
Blue Water Petroleum's Sloan Ratio for the fiscal year that ended in Jul. 2013 is calculated as
Blue Water Petroleum's Net Income for the trailing twelve months (TTM) ended in Apr. 2014 was -0.46 (Jul. 2013 ) + -0.227 (Oct. 2013 ) + -0.24 (Jan. 2014 ) + -0.107 (Apr. 2014 ) = $-1.03 Mil.
Blue Water Petroleum's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2014 was -0.149 (Jul. 2013 ) + -0.154 (Oct. 2013 ) + -0.104 (Jan. 2014 ) + -0.014 (Apr. 2014 ) = $-0.42 Mil.
Blue Water Petroleum's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2014 was 0 (Jul. 2013 ) + -0.099 (Oct. 2013 ) + 0 (Jan. 2014 ) + 0 (Apr. 2014 ) = $-0.10 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.
Blue Water Petroleum (BWPC) has a Sloan Ratio % of 0.00% as of Apr. 2014. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Blue Water Petroleum and its competitors.
Is Blue Water Petroleum's Sloan Ratio % too high?
Blue Water Petroleum's current Sloan Ratio % is 0.00%.
How does Blue Water Petroleum's Sloan Ratio % compare to EUENF and ATLS?
Blue Water Petroleum's Sloan Ratio % of 0.00% can be compared against companies in the Waste Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Waste Management company?
A good Sloan Ratio % depends on the Waste Management industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Blue Water Petroleum and its competitors. Blue Water Petroleum's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Water Petroleum stock overvalued right now?
Blue Water Petroleum (BWPC) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Blue Water Petroleum (BWPC), the current Sloan Ratio % is 0.00% as of Apr. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Blue Water Petroleum Corp is a holding company with the wholly owned subsidiary Blue Water Limited, LLC. Blue Water Limited, LLC holds the rights to the oil and gas mining claims in Montana and will hold future claims that are acquired. Company is engaged in recycling pyrolysis services. The company focused on creating value with pyrolysis treatment techniques that convert waste hydrocarbon materials, and petroleum sludge into saleable products, and oil and upgrading low-quality crude oil by increasing API gravity while reducing contamination. Currently company is operating Recycling recovery of substances and energy from waste, Waste Management, Catalytic technologies etc.
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