What is Mercantile Ports and Logistics Sloan Ratio %?
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 Jun. 2023, Mercantile Ports and Logistics has a Sloan Ratio of -5.60%, indicating the company is in the safe zone and there is no funny business with accruals.
Mercantile Ports and Logistics 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.
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Mercantile Ports and Logistics Sloan Ratio % Chart
Competitive Comparison of Mercantile Ports and Logistics's Sloan Ratio %
For the Marine Shipping subindustry, Mercantile Ports and Logistics'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.
Mercantile Ports and Logistics's Sloan Ratio % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Mercantile Ports and Logistics's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Mercantile Ports and Logistics's Sloan Ratio % falls into.
Mercantile Ports and Logistics 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.
Mercantile Ports and Logistics's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was -3.094 (Dec. 2022 ) + -5.37 (Jun. 2023 ) = £-8.46 Mil.
Mercantile Ports and Logistics's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was -0.671 (Dec. 2022 ) + 0.825 (Jun. 2023 ) = £0.15 Mil.
Mercantile Ports and Logistics's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was -0.262 (Dec. 2022 ) + -0.268 (Jun. 2023 ) = £-0.53 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.
Mercantile Ports and Logistics (LSE:MPL) 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 Jun. 2023, Mercantile Ports and Logistics has a Sloan Ratio of -5.60%, indicating the company is in the safe zone and there is no funny business with accruals.
Mercantile Ports and Logistics Sloan Ratio % Related Terms
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Mercantile Ports and Logistics (LSE:MPL) Business Description
Mercantile Ports and Logistics Ltd develops, owns, and operates port and logistics facilities. The site of the company's first project is at Karanja Creek in the Raigad district of Maharashtra, where it intends to develop and operate a modern and efficient port and logistics complex. At the Karanja port, the company focuses on mid-stream discharge and loading of cargo while vessels wait at anchorage for a berth in JNPT, and coastal movement of cargoes, such as containers, cement, and other break-bulk cargo, which typically ply in smaller vessels. The company has only one operating and geographic segment, being the project on hand in India. The company generates the majority of its revenue from lease income operations.
Mercantile Ports and Logistics (LSE:MPL) Headlines
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