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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.
When sloan ratio (-30.97)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Nov. 2025, Christina Lake Cannabis has a Sloan Ratio of 21.15%, indicating earnings are more likely to be made up of accruals.
Christina Lake Cannabis (OTCPK:CLCFF) 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 Nov. 2025, Christina Lake Cannabis has a Sloan Ratio of 21.15%, indicating earnings are more likely to be made up of accruals.
Christina Lake Cannabis Sloan Ratio % Related Terms
Christina Lake Cannabis Sloan Ratio % Historical Data
* 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.
For the Drug Manufacturers - Specialty & Generic subindustry, Christina Lake Cannabis'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.
Christina Lake Cannabis Sloan Ratio % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Christina Lake Cannabis's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Christina Lake Cannabis'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.
Christina Lake Cannabis's Sloan Ratio for the fiscal year that ended in Nov. 2023 is calculated as
Christina Lake Cannabis's Net Income for the trailing twelve months (TTM) ended in Nov. 2025 was -0.444 (Nov. 2024 ) + 0.443 (May. 2025 ) + 2.519 (Aug. 2025 ) + 0.865 (Nov. 2025 ) = $3.38 Mil.
Christina Lake Cannabis's Cash Flow from Operations for the trailing twelve months (TTM) ended in Nov. 2025 was 0.364 (Nov. 2024 ) + 0.625 (May. 2025 ) + -0.083 (Aug. 2025 ) + -0.397 (Nov. 2025 ) = $0.51 Mil.
Christina Lake Cannabis's Cash Flow from Investing for the trailing twelve months (TTM) ended in Nov. 2025 was -0.232 (Nov. 2024 ) + -0.367 (May. 2025 ) + -0.549 (Aug. 2025 ) + -0.194 (Nov. 2025 ) = $-1.34 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.
Christina Lake Cannabis (CLCFF) has a Sloan Ratio % of 21.15% as of Nov. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Christina Lake Cannabis and its competitors.
Is Christina Lake Cannabis' Sloan Ratio % too high?
Christina Lake Cannabis' current Sloan Ratio % is 21.15%.
How does Christina Lake Cannabis' Sloan Ratio % compare to ZTS and UTHR?
Christina Lake Cannabis' Sloan Ratio % of 21.15% can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Sloan Ratio % depends on the Drug Manufacturers 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 Christina Lake Cannabis and its competitors. Christina Lake Cannabis's current Sloan Ratio % is 21.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Christina Lake Cannabis stock overvalued right now?
Based on GuruFocus' analysis, Christina Lake Cannabis (CLCFF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.04, compared to a current price of $0.02 — trading 51.8% below its estimated fair value. The current Sloan Ratio % is 21.15%. 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 Christina Lake Cannabis (CLCFF), the current Sloan Ratio % is 21.15% as of Nov. 2025. 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.
Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flowers, oil cannabinoids, and hemp-based extracts and derivatives, serving domestic and international markets.
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