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.
Uranerz Energy's Sloan Ratio for the quarter that ended in Mar. 2015 was 0.12%.
As of Mar. 2015, Uranerz Energy has a Sloan Ratio of 0.12%, indicating the company is in the safe zone and there is no funny business with accruals.
Uranerz Energy Sloan Ratio % Historical Data
The historical data trend for Uranerz Energy'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 Uranerz Energy's Sloan Ratio %
For the Other Industrial Metals & Mining subindustry, Uranerz Energy'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.
Uranerz Energy's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Uranerz Energy's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Uranerz Energy's Sloan Ratio % falls into.
Uranerz Energy 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.
Uranerz Energy's Sloan Ratio for the fiscal year that ended in Dec. 2014 is calculated as
Uranerz Energy's Net Income for the trailing twelve months (TTM) ended in Mar. 2015 was -3.279 (Jun. 2014 ) + -0.632 (Sep. 2014 ) + -1.459 (Dec. 2014 ) + -3.932 (Mar. 2015 ) = €-9.30 Mil.
Uranerz Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2015 was -2.902 (Jun. 2014 ) + -3.494 (Sep. 2014 ) + -2.212 (Dec. 2014 ) + -0.513 (Mar. 2015 ) = €-9.12 Mil.
Uranerz Energy's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2015 was -0.03 (Jun. 2014 ) + -0.054 (Sep. 2014 ) + -0.018 (Dec. 2014 ) + -0.096 (Mar. 2015 ) = €-0.20 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.
Uranerz Energy (FRA:U9E) 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 Mar. 2015, Uranerz Energy has a Sloan Ratio of 0.12%, indicating the company is in the safe zone and there is no funny business with accruals.
Uranerz Energy Sloan Ratio % Related Terms
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Uranerz Energy Corp was incorporated under the laws of the State of Nevada on May 26, 1999. On July 5, 2005, it changed its name from Carleton Ventures Corp. to Uranerz Energy Corporation. The Company is an exploration stage company engaged in the acquisition, exploration and, if warranted, development of uranium properties. It is a United States based uranium company focused on constructing an in-situ recovery uranium facility. ISR is a mining process that uses a leaching solution to extract uranium from underground sandstone-hosted uranium deposits, it is the generally accepted extraction technology used in the Powder River Basin area of Wyoming. It is principally focused on the exploitation of its properties in the Powder River Basin. The commercial use of uranium is to fuel nuclear power plants for the generation of electricity. All the uranium produced from its mines will be used to generate electricity. The Company competes with other mining and exploration companies in connection with the acquisition of uranium mineral properties and the equipment, materials and personnel necessary to explore and develop such properties. Its exploration and production activities are subject to certain federal and state laws and regulations relating to environmental quality and pollution control.
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