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Dynegy (Dynegy) Sloan Ratio % : 19.11% (As of Dec. 2017)


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What is Dynegy 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.

Dynegy's Sloan Ratio for the quarter that ended in Dec. 2017 was 19.11%.

As of Dec. 2017, Dynegy has a Sloan Ratio of 19.11%, indicating there is a warning stage of accrual build up.


Dynegy Sloan Ratio % Historical Data

The historical data trend for Dynegy'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.

Dynegy Sloan Ratio % Chart

Dynegy Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -18.99 42.97 55.19 -13.73 19.11

Dynegy Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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 -13.73 15.98 19.91 17.67 19.11

Competitive Comparison of Dynegy's Sloan Ratio %

For the Utilities - Independent Power Producers subindustry, Dynegy'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.


Dynegy's Sloan Ratio % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Dynegy's Sloan Ratio % distribution charts can be found below:

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



Dynegy 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.

Dynegy's Sloan Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2017 )-Cash Flow from Operations (A: Dec. 2017 )
-Cash Flow from Investing (A: Dec. 2017 ))/Total Assets (A: Dec. 2017 )
=(76-585
--2759)/11771
=19.11%

Dynegy's Sloan Ratio for the quarter that ended in Dec. 2017 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2017 )
=(76-585
--2759)/11771
=19.11%

Dynegy's Net Income for the trailing twelve months (TTM) ended in Dec. 2017 was 597 (Mar. 2017 ) + -296 (Jun. 2017 ) + -132 (Sep. 2017 ) + -93 (Dec. 2017 ) = $76.00 Mil.
Dynegy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2017 was 149 (Mar. 2017 ) + 81 (Jun. 2017 ) + 271 (Sep. 2017 ) + 84 (Dec. 2017 ) = $585.00 Mil.
Dynegy's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2017 was -3292 (Mar. 2017 ) + -54 (Jun. 2017 ) + 575 (Sep. 2017 ) + 12 (Dec. 2017 ) = $-2,759.00 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.


Dynegy  (NYSE:DYNPRA.PFD) 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. 2017, Dynegy has a Sloan Ratio of 19.11%, indicating there is a warning stage of accrual build up.


Dynegy Sloan Ratio % Related Terms

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Dynegy (Dynegy) Business Description

Traded in Other Exchanges
N/A
Address
Dynegy is a wholesale power provider operating in the Midwest, the Northeast, and the West. The company operates a mix of natural gas and coal capacity. Dynegy's capacity consists of baseload, intermediate, and peak power plants. Dynegy also operates a retail energy supply business.
Executives
Ecp Controlco, Llc 10 percent owner 40 BEECHWOOD ROAD, SUMMIT NJ 07901
Energy Capital Partners Iii, Lp 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Energy Capital Partners Iii-a, Lp 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Energy Capital Partners Iii-c, Lp 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Tyler Reeder director 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Terawatt Holdings Gp, Llc 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Terawatt Holdings, Lp 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Energy Capital Partners Gp Iii, Lp 10 percent owner 40 BEECHWOOD ROAD, SUMMIT NJ 07901
Energy Capital Partners Iii-b (terawatt Ip), Lp 10 percent owner 51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Energy Capital Partners Iii, Llc 10 percent owner 40 BEECHWOOD ROAD, SUMMIT NJ 07901
Dean Ellis officer: Senior Vice President 601 TRAVIS STREET, STE 1400, HOUSTON TX 77002
Sheree M. Petrone officer: Executive Vice President 601 TRAVIS STREET, SUITE 1400, HOUSTON TX 77002
Martin W. Daley officer: Executive Vice President 601 TRAVIS STREET, SUITE 1400, HOUSTON TX 77002
Daniel P. Thompson officer: Executive Vice President 601 TRAVIS STREET, SUITE 1400, HOUSTON TX 77002
Julius Cox officer: Executive Vice President, other: Chief Administrative Officer 77 BEALE STREET, POB 770000, SAN FRANCISCO CA 94177

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