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.
Ivanhoe Electric's Sloan Ratio for the quarter that ended in Mar. 2024 was 21.95%.
As of Mar. 2024, Ivanhoe Electric has a Sloan Ratio of 21.95%, indicating there is a warning stage of accrual build up.
Ivanhoe Electric Sloan Ratio % Historical Data
The historical data trend for Ivanhoe Electric'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 Ivanhoe Electric's Sloan Ratio %
For the Copper subindustry, Ivanhoe Electric'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.
Ivanhoe Electric's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ivanhoe Electric's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ivanhoe Electric's Sloan Ratio % falls into.
Ivanhoe Electric 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.
Ivanhoe Electric's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Ivanhoe Electric's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -38.263 (Jun. 2023 ) + -77.88 (Sep. 2023 ) + -47.16 (Dec. 2023 ) + -55.511 (Mar. 2024 ) = $-218.81 Mil.
Ivanhoe Electric's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -35.811 (Jun. 2023 ) + -41.142 (Sep. 2023 ) + -43.543 (Dec. 2023 ) + -49.959 (Mar. 2024 ) = $-170.46 Mil.
Ivanhoe Electric's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -38.206 (Jun. 2023 ) + -73.775 (Sep. 2023 ) + -36.119 (Dec. 2023 ) + -1.467 (Mar. 2024 ) = $-149.57 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.
Ivanhoe Electric (AMEX:IE) 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. 2024, Ivanhoe Electric has a Sloan Ratio of 21.95%, indicating there is a warning stage of accrual build up.
Ivanhoe Electric Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Ivanhoe Electric's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ivanhoe Electric (Ivanhoe Electric) Business Description
Ivanhoe Electric Inc is a United States-based minerals exploration and development company with a focus on developing mines from mineral deposits located in the United States. The company has three reportable segments; Critical metals segment is focused on mineral project exploration and development with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, The data processing segment provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas and water exploration industries, and The energy storage segment develops, manufactures and installs vanadium flow batteries for grid-scale energy storage. It derives a majority of its revenue from Canada.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
IE has been successfully added to your 