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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.
Lucara Diamond's Sloan Ratio for the quarter that ended in Mar. 2026 was 8.30%.
As of Mar. 2026, Lucara Diamond has a Sloan Ratio of 8.30%, indicating the company is in the safe zone and there is no funny business with accruals.
Lucara Diamond (LTS:0QUI) 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. 2026, Lucara Diamond has a Sloan Ratio of 8.30%, indicating the company is in the safe zone and there is no funny business with accruals.
Lucara Diamond Sloan Ratio % Related Terms
Lucara Diamond Sloan Ratio % Historical Data
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The historical data trend for Lucara Diamond'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.
For the Other Precious Metals & Mining subindustry, Lucara Diamond'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.
Lucara Diamond Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lucara Diamond's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Lucara Diamond'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.
Lucara Diamond's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Lucara Diamond's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 119.782 (Jun. 2025 ) + 68.964 (Sep. 2025 ) + 59.023 (Dec. 2025 ) + -135.78 (Mar. 2026 ) = kr112 Mil.
Lucara Diamond's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 80.787 (Jun. 2025 ) + 141.275 (Sep. 2025 ) + 239.717 (Dec. 2025 ) + -80.072 (Mar. 2026 ) = kr382 Mil.
Lucara Diamond's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -200.703 (Jun. 2025 ) + -272.849 (Sep. 2025 ) + -274.521 (Dec. 2025 ) + -268.587 (Mar. 2026 ) = kr-1,017 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.
Lucara Diamond (LTS:0QUI) has a Sloan Ratio % of 8.30% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Lucara Diamond and its competitors.
Is Lucara Diamond's Sloan Ratio % too high?
Lucara Diamond's current Sloan Ratio % is 8.30%. Overall, Lucara Diamond has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Lucara Diamond's Sloan Ratio % compare to HL?
Lucara Diamond's Sloan Ratio % of 8.30% 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 Lucara Diamond and its competitors. Lucara Diamond's current Sloan Ratio % is 8.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lucara Diamond stock overvalued right now?
Lucara Diamond (LTS:0QUI) has a current Sloan Ratio % of 8.30%. The stock's GF Value™ is kr3.56, compared to a current price of kr2.19 — trading 38.5% below its estimated fair value. The current Sloan Ratio % is 8.30%. Lucara Diamond's overall GF Score™ is 50/100 with 6 warning signs to review. 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 Lucara Diamond (LTS:0QUI), the current Sloan Ratio % is 8.30% as of Mar. 2026. 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.
Is Lucara Diamond (LTS:0QUI) Overvalued in 2026?
Based on GuruFocus' analysis, Lucara Diamond stock appears to be undervalued.
The current stock price of kr2.19 is trading 38.5% below its estimated GF Value™ of kr3.56.
Key valuation signals for LTS:0QUI:
Sloan Ratio %: 8.30%
GF Value™: kr3.56 vs. price of kr2.19 (38.5% below fair value)
No single metric tells the full story. See the LTS:0QUI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lucara Diamond Corp is a diamond mining company focused on the development and operation of its Karowe Mine located in Botswana. The company has one operating segment: Karowe Mine, from which it derives revenue.
50GF Score
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