Jade Leader (Jade Leader) Sloan Ratio % : 0.00% (As of Mar. 2024)

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What is Jade Leader 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.

Jade Leader's Sloan Ratio for the quarter that ended in Mar. 2024 was 0.00%.

As of Mar. 2024, Jade Leader has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Jade Leader Sloan Ratio % Historical Data

The historical data trend for Jade Leader'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.

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Jade Leader Sloan Ratio % Chart

Jade Leader Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sloan Ratio %

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29.36

9.10

-34.26

0.74

-10.64

Jade Leader Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Sloan Ratio %	Get a 7-Day Free Trial															-11.25	-7.62	-10.55	-8.60	-

Competitive Comparison of Jade Leader's Sloan Ratio %

For the Other Precious Metals & Mining subindustry, Jade Leader'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.

Jade Leader's Sloan Ratio % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jade Leader's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Jade Leader's Sloan Ratio % falls into.

Jade Leader 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.

Jade Leader's Sloan Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Sep. 2023 )	-	Cash Flow from Operations (A: Sep. 2023 )
	-	Cash Flow from Investing (A: Sep. 2023 ))	/	Total Assets (A: Sep. 2023 )
	=	(-0.302	-	-0.144
	-	-0.036)	/	1.147
	=	-10.64%

Jade Leader's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Mar. 2024 )
	=	(-0.241	-	-0.151
	-	-0.004)	/	1.046
	=	-8.22%

Jade Leader's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -0.062 (Jun. 2023 ) + -0.081 (Sep. 2023 ) + -0.06 (Dec. 2023 ) + -0.038 (Mar. 2024 ) = $-0.24 Mil.
Jade Leader's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -0.056 (Jun. 2023 ) + -0.032 (Sep. 2023 ) + -0.045 (Dec. 2023 ) + -0.018 (Mar. 2024 ) = $-0.15 Mil.
Jade Leader's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0.004 (Jun. 2023 ) + -0.021 (Sep. 2023 ) + 0.013 (Dec. 2023 ) + 0 (Mar. 2024 ) = $-0.00 Mil.

Jade Leader (OTCPK:MCKRF) 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.

According to How to Beat the Market with the Sloan Ratio:

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, Jade Leader has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Jade Leader Sloan Ratio % Related Terms

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Jade Leader (Jade Leader) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jade Leader Corp (OTCPK:MCKRF) » Definitions » Sloan Ratio %

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JADE:Canada

Address

808 - 4th Avenue Southwest, Suite 815, Calgary, AB, CAN, T2P 3E8

Website

https://www.jadeleader.ca

Jade Leader Corp is engaged in the business of mineral exploration and development in Canada and the USA. The company operates through its projects which include DJ jade project, Keithly Mountain, Tell Project, and Wyoming Jade Fields.