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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.
Millennium Prime's Sloan Ratio for the quarter that ended in Jun. 2010 was 0.00%.
As of Jun. 2010, Millennium Prime has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Millennium Prime (OTCPK:MLMN) 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. 2010, Millennium Prime has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Millennium Prime Sloan Ratio % Related Terms
Millennium Prime Sloan Ratio % Historical Data
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The historical data trend for Millennium Prime'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.
MLMN vs MLFB, BTDG, GBBT: Sloan Ratio % Comparison
For the Beverages - Wineries & Distilleries subindustry, Millennium Prime'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.
Millennium Prime Sloan Ratio % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Millennium Prime's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Millennium Prime'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.
Millennium Prime's Sloan Ratio for the fiscal year that ended in Sep. 2009 is calculated as
Millennium Prime's Net Income for the trailing twelve months (TTM) ended in Jun. 2010 was -0.279 (Sep. 2009 ) + -0.733 (Dec. 2009 ) + -0.481 (Mar. 2010 ) + -32.435 (Jun. 2010 ) = $-33.93 Mil.
Millennium Prime's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2010 was 0 (Sep. 2009 ) + -0.143 (Dec. 2009 ) + -0.338 (Mar. 2010 ) + -0.031 (Jun. 2010 ) = $-0.51 Mil.
Millennium Prime's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2010 was 0 (Sep. 2009 ) + -0.04 (Dec. 2009 ) + -0.013 (Mar. 2010 ) + -0.062 (Jun. 2010 ) = $-0.12 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.
Millennium Prime (MLMN) has a Sloan Ratio % of 0.00% as of Jun. 2010. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Millennium Prime and its competitors.
Is Millennium Prime's Sloan Ratio % too high?
Millennium Prime's current Sloan Ratio % is 0.00%.
How does Millennium Prime's Sloan Ratio % compare to MLFB and BTDG?
Millennium Prime's Sloan Ratio % of 0.00% can be compared against companies in the Beverages - Alcoholic 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 Beverages - Alcoholic company?
A good Sloan Ratio % depends on the Beverages - Alcoholic 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 Millennium Prime and its competitors. Millennium Prime'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 Millennium Prime stock overvalued right now?
Millennium Prime (MLMN) 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 Millennium Prime (MLMN), the current Sloan Ratio % is 0.00% as of Jun. 2010. 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.
Millennium Prime Inc develops superior lifestyle innovations for the millennial generation. The company's focus is on marketing products for the beverage, apparel, and entertainment categories, where it can achieve a clear and authentic market position by targeting consumers who live a lifestyle filled with high style, artistic edge, and a demand for the products. Through its subsidiary, the company functions as an importer and distributor of alcohol products, including Bong Spirit's Super Premium Vodka, which has an exclusive bong-shaped bottle.
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