Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Pangolin Diamonds's Sloan Ratio for the quarter that ended in Mar. 2024 was -183.35%.
As of Mar. 2024, Pangolin Diamonds has a Sloan Ratio of -183.35%, indicating earnings are more likely to be made up of accruals.
Pangolin Diamonds (OTCPK:KGHZF) 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, Pangolin Diamonds has a Sloan Ratio of -183.35%, indicating earnings are more likely to be made up of accruals.
Pangolin Diamonds Sloan Ratio % Related Terms
Pangolin Diamonds Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Pangolin Diamonds'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.
KGHZF vs CGLD, SRGZ, AUMN: Sloan Ratio % Comparison
For the Other Precious Metals & Mining subindustry, Pangolin Diamonds'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.
Pangolin Diamonds Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pangolin Diamonds's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Pangolin Diamonds's Sloan Ratio % falls into.
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.
Pangolin Diamonds's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as
Pangolin Diamonds's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -0.1248815900302 (Jun. 2023 ) + -0.088731491284315 (Sep. 2023 ) + -0.12475876689825 (Dec. 2023 ) + -0.058044102328702 (Mar. 2024 ) = $-0.40 Mil.
Pangolin Diamonds's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -0.069286771831073 (Jun. 2023 ) + -0.044622220896769 (Sep. 2023 ) + -0.10220462540604 (Dec. 2023 ) + -0.045201119305146 (Mar. 2024 ) = $-0.26 Mil.
Pangolin Diamonds's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0.0000001380250704 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = $0.00 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.
Pangolin Diamonds (KGHZF) has a Sloan Ratio % of -183.35% as of Mar. 2024. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Pangolin Diamonds and its competitors.
Is Pangolin Diamonds' Sloan Ratio % too high?
Pangolin Diamonds' current Sloan Ratio % is -183.35%.
How does Pangolin Diamonds' Sloan Ratio % compare to CGLD and SRGZ?
Pangolin Diamonds' Sloan Ratio % of -183.35% 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 Pangolin Diamonds and its competitors. Pangolin Diamonds's current Sloan Ratio % is -183.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pangolin Diamonds stock overvalued right now?
Pangolin Diamonds (KGHZF) has a current Sloan Ratio % of -183.35%. The current Sloan Ratio % is -183.35%. 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 Pangolin Diamonds (KGHZF), the current Sloan Ratio % is -183.35% as of Mar. 2024. 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.
Pangolin Diamonds Corp is engaged in the acquisition, exploration, and development of mineral properties in Botswana, Africa. The business activity of the group functions through the diamond exploration and evaluation segment. It holds royalty interest in projects such as Malatswae, Moenyenana, and Motloutse diamond projects among others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
KGHZF has been successfully added to your 
