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.
SilverCrest Mines's Sloan Ratio for the quarter that ended in Jun. 2015 was 2.56%.
As of Jun. 2015, SilverCrest Mines has a Sloan Ratio of 2.56%, indicating the company is in the safe zone and there is no funny business with accruals.
SilverCrest Mines Sloan Ratio % Historical Data
The historical data trend for SilverCrest Mines'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 SilverCrest Mines's Sloan Ratio %
For the Gold subindustry, SilverCrest Mines'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.
SilverCrest Mines's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, SilverCrest Mines's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where SilverCrest Mines's Sloan Ratio % falls into.
SilverCrest Mines 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.
SilverCrest Mines's Sloan Ratio for the fiscal year that ended in Dec. 2014 is calculated as
SilverCrest Mines's Net Income for the trailing twelve months (TTM) ended in Jun. 2015 was 0.187 (Sep. 2014 ) + -4.492 (Dec. 2014 ) + 2.321 (Mar. 2015 ) + 3.445 (Jun. 2015 ) = €1.46 Mil.
SilverCrest Mines's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2015 was 1.157 (Sep. 2014 ) + -0.493 (Dec. 2014 ) + 6.775 (Mar. 2015 ) + 3.532 (Jun. 2015 ) = €10.97 Mil.
SilverCrest Mines's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2015 was -3.566 (Sep. 2014 ) + -4.702 (Dec. 2014 ) + -2.984 (Mar. 2015 ) + -2.487 (Jun. 2015 ) = €-13.74 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.
SilverCrest Mines (FRA:CW5) 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 Jun. 2015, SilverCrest Mines has a Sloan Ratio of 2.56%, indicating the company is in the safe zone and there is no funny business with accruals.
SilverCrest Mines Sloan Ratio % Related Terms
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SilverCrest Mines Inc was incorporated on May 22, 1973 under the laws of Ontario as Equitable Mines Limited and changed its name to Magic Foods Inc. on July 24, 1985. The Company was continued on May 15, 1998 under the laws of British Columbia as "Lucre Ventures Ltd. The name of the Company was changed to "Strathclair Ventures Ltd." on September 5, 2001 and to "SilverCrest Mines Inc." on May 23, 2003. The Company is a Canadian precious metals producer with a silver and gold asset base and an operating mine located in Mexico. The Company's principal property is the 100% owned Santa Elena Project, which includes the Santa Elena Mine, located 150 kilometres northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The Santa Elena Mine is a high-grade, epithermal silver and gold deposit that is currently being operated as an open pit heap leach operation. The Company's other principal property is the La Joya Property in Durango state, Mexico which contains a large polymetallic deposit that is being explored with the aim of developing silver, copper, gold and tungsten resources. The Company also has a portfolio of other mineral properties, which comprise of the Cruz de Mayo Project (Mexico), the Ermitano Property (Mexico), the Silver Angel Project (Mexico) and the El Zapote Project (El Salvador).
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