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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.
As of Dec. 2013, Mining Investments Resources has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Mining Investments Resources (LSE:MIR) 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 Dec. 2013, Mining Investments Resources has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Mining Investments Resources Sloan Ratio % Related Terms
Mining Investments Resources 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.
Mining Investments Resources Sloan Ratio % Competitor Comparison
For the Conglomerates subindustry, Mining Investments Resources'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.
Mining Investments Resources Sloan Ratio % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Mining Investments Resources's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Mining Investments Resources's Sloan Ratio % falls into.
Mining Investments Resources 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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Mining Investments Resources's Net Income for the trailing twelve months (TTM) ended in Dec. 2013 was -0.301 (Jun. 2013 ) + -0.232 (Dec. 2013 ) = £-0.53 Mil.
Mining Investments Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2013 was -0.276 (Jun. 2013 ) + -0.224 (Dec. 2013 ) = £-0.50 Mil.
Mining Investments Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2013 was 0.14 (Jun. 2013 ) + 0 (Dec. 2013 ) = £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.
Mining Investments Resources (LSE:MIR) has a Sloan Ratio % of 0.00% as of Dec. 2013. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Mining Investments Resources and its competitors.
Is Mining Investments Resources' Sloan Ratio % too high?
Mining Investments Resources' current Sloan Ratio % is 0.00%.
How does Mining Investments Resources' Sloan Ratio % compare to competitors?
Mining Investments Resources' Sloan Ratio % of 0.00% can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Sloan Ratio % depends on the Conglomerates 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 Mining Investments Resources and its competitors. Mining Investments Resources's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mining Investments Resources stock overvalued right now?
Mining Investments Resources (LSE:MIR) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. 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 Mining Investments Resources (LSE:MIR), the current Sloan Ratio % is 0.00% as of Dec. 2013. 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.
Mining Investments Resources PLC is an investing company. It mainly invests in businesses which possess the opportunity for high growth, generally through exploitation of intellectual property. The Company's investing policy is to acquire a diverse portfolio of direct and indirect interests in exploration and producing projects and assets in the natural resources sector.
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