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.
Metallic Minerals's Sloan Ratio for the quarter that ended in Jan. 2024 was 0.00%.
As of Jan. 2024, Metallic Minerals has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Metallic Minerals Sloan Ratio % Historical Data
The historical data trend for Metallic 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 Metallic Minerals's Sloan Ratio %
For the Other Precious Metals & Mining subindustry, Metallic 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.
Metallic Minerals's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Metallic Minerals's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Metallic Minerals's Sloan Ratio % falls into.
Metallic 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.
Metallic Minerals's Sloan Ratio for the fiscal year that ended in Jul. 2022 is calculated as
Metallic Minerals's Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was -0.216 (Jan. 2023 ) + -0.452 (Apr. 2023 ) + -2.048 (Oct. 2023 ) + -0.94 (Jan. 2024 ) = €-3.66 Mil.
Metallic Minerals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2024 was -0.618 (Jan. 2023 ) + -0.112 (Apr. 2023 ) + -1.872 (Oct. 2023 ) + -1.468 (Jan. 2024 ) = €-4.07 Mil.
Metallic Minerals's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2024 was -0.033 (Jan. 2023 ) + 0 (Apr. 2023 ) + -0.09 (Oct. 2023 ) + 0 (Jan. 2024 ) = €-0.12 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.
Metallic Minerals (FRA:9MM1) 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 Jan. 2024, Metallic Minerals has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Metallic Minerals Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Metallic Minerals's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Metallic Minerals Corp is an exploration company focused on the acquisition and development of high-grade silver and gold projects. It seeks to create value through a disciplined, systematic approach to exploration, reducing investment risk and maximizing the probability of long-term success. Metallic's core Keno Silver Project is located in the historic Keno Hill Silver District of Canada's Yukon Territory, a region that has produced over 200 million ounces of silver. The company's La Plata silver-gold-copper project is located in the high-grade La Plata district of the prolific Colorado Mineral Belt and its McKay Hill project northeast of Keno Hill is a high-grade historic silver-gold producer. The company is building a portfolio of gold royalties in the historic Klondike Gold District.
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