GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Colossus Minerals Inc (OTCPK:COLUF) » Definitions » Sloan Ratio %

Colossus Minerals (Colossus Minerals) Sloan Ratio % : -4,252.77% (As of Dec. 2013)


View and export this data going back to 2008. Start your Free Trial

What is Colossus Minerals 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.

Colossus Minerals's Sloan Ratio for the quarter that ended in Dec. 2013 was -4,252.77%.

As of Dec. 2013, Colossus Minerals has a Sloan Ratio of -4,252.77%, indicating earnings are more likely to be made up of accruals.


Colossus Minerals Sloan Ratio % Historical Data

The historical data trend for Colossus 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.

* Premium members only.

Colossus Minerals Sloan Ratio % Chart

Colossus Minerals Annual Data
Trend Jul07 Jul08 Jul09 Jul10 Dec11 Dec12 Dec13
Sloan Ratio %
Get a 7-Day Free Trial 18.69 15.40 33.96 31.71 -4,252.80

Colossus Minerals Quarterly Data
Jan09 Apr09 Jul09 Oct09 Jan10 Apr10 Jul10 Oct10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
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 31.71 37.96 47.98 49.84 -4,252.77

Competitive Comparison of Colossus Minerals's Sloan Ratio %

For the Other Industrial Metals & Mining subindustry, Colossus 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.


Colossus Minerals's Sloan Ratio % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Colossus Minerals's Sloan Ratio % falls into.



Colossus 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.

Colossus Minerals's Sloan Ratio for the fiscal year that ended in Dec. 2013 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2013 )-Cash Flow from Operations (A: Dec. 2013 )
-Cash Flow from Investing (A: Dec. 2013 ))/Total Assets (A: Dec. 2013 )
=(-263.692--17.672
--102.573)/3.373
=-4,252.80%

Colossus Minerals's Sloan Ratio for the quarter that ended in Dec. 2013 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2013 )
=(-263.692--17.673
--102.573)/3.373
=-4,252.77%

Colossus Minerals's Net Income for the trailing twelve months (TTM) ended in Dec. 2013 was -0.294 (Mar. 2013 ) + 5.017 (Jun. 2013 ) + 9.799 (Sep. 2013 ) + -278.214 (Dec. 2013 ) = $-263.69 Mil.
Colossus Minerals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was -4.045 (Mar. 2013 ) + -6.231 (Jun. 2013 ) + -4.197 (Sep. 2013 ) + -3.2 (Dec. 2013 ) = $-17.67 Mil.
Colossus Minerals's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2013 was -28.394 (Mar. 2013 ) + -39.853 (Jun. 2013 ) + -21.949 (Sep. 2013 ) + -12.377 (Dec. 2013 ) = $-102.57 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.


Colossus Minerals  (OTCPK:COLUF) 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 Dec. 2013, Colossus Minerals has a Sloan Ratio of -4,252.77%, indicating earnings are more likely to be made up of accruals.


Colossus Minerals Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Colossus Minerals's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Colossus Minerals (Colossus Minerals) Business Description

Traded in Other Exchanges
N/A
Address
100 King Street West, Suite 5600, Toronto, ON, CAN, M5X 1C9
Colossus Minerals Inc is a Canada-based exploration stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. The company's project includes Serra Pelada which is situated in the mineral prolific Carajas region near the towns of Curionopolis and Parauapebas, Para state, northern Brazil.

Colossus Minerals (Colossus Minerals) Headlines

No Headlines