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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.
Blackbird Critical Metals (FRA:N79) 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 Jul. 2025, Blackbird Critical Metals has a Sloan Ratio of -424.31%, indicating earnings are more likely to be made up of accruals.
Blackbird Critical Metals Sloan Ratio % Related Terms
Blackbird Critical Metals 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.
Blackbird Critical Metals Sloan Ratio % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Blackbird Critical Metals'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.
Blackbird Critical Metals Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Blackbird Critical Metals's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Blackbird Critical Metals's Sloan Ratio % falls into.
Blackbird Critical Metals 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.
Blackbird Critical Metals's Sloan Ratio for the fiscal year that ended in Apr. 2025 is calculated as
Blackbird Critical Metals's Net Income for the trailing twelve months (TTM) ended in Jul. 2025 was -0.258 (Oct. 2024 ) + -0.126 (Jan. 2025 ) + -4.114 (Apr. 2025 ) + -0.077 (Jul. 2025 ) = €-4.58 Mil.
Blackbird Critical Metals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2025 was -0.119 (Oct. 2024 ) + 0.012 (Jan. 2025 ) + -0.025 (Apr. 2025 ) + -0.025 (Jul. 2025 ) = €-0.16 Mil.
Blackbird Critical Metals's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jul. 2025 was 0.01 (Oct. 2024 ) + -0.087 (Jan. 2025 ) + -0.062 (Apr. 2025 ) + -0.002 (Jul. 2025 ) = €-0.14 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.
Blackbird Critical Metals (FRA:N79) has a Sloan Ratio % of -424.31% as of Jul. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Blackbird Critical Metals and its competitors.
Is Blackbird Critical Metals' Sloan Ratio % too high?
Blackbird Critical Metals' current Sloan Ratio % is -424.31%. Overall, Blackbird Critical Metals has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Blackbird Critical Metals' Sloan Ratio % compare to competitors?
Blackbird Critical Metals' Sloan Ratio % of -424.31% can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Sloan Ratio % depends on the Metals & Mining 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 Blackbird Critical Metals and its competitors. Blackbird Critical Metals's current Sloan Ratio % is -424.31%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackbird Critical Metals stock overvalued right now?
Blackbird Critical Metals (FRA:N79) has a current Sloan Ratio % of -424.31%. The current Sloan Ratio % is -424.31%. Blackbird Critical Metals' overall GF Score™ is 42/100. 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 Blackbird Critical Metals (FRA:N79), the current Sloan Ratio % is -424.31% as of Jul. 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.
Blackbird Critical Metals Corp is a mineral exploration company engaged in the identification, acquisition, evaluation, and exploration of mineral properties located in British Columbia, Quebec, and the Northwest Territories in Canada. The company owns the Tyee Critical Metals Project located in North-Eastern Quebec and has the right to acquire a 100% interest in the Muskox Lithium Pegmatite Project located within the Yellowknife Pegmatite Province in the Northwest Territories.
42GF Score
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