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.
XPLR Infrastructure LP's Sloan Ratio for the quarter that ended in Dec. 2024 was -10.14%.
As of Dec. 2024, XPLR Infrastructure LP has a Sloan Ratio of -10.14%, indicating there is a warning stage of accrual build up.
XPLR Infrastructure LP 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.
Competitive Comparison of XPLR Infrastructure LP's Sloan Ratio %
For the Utilities - Renewable subindustry, XPLR Infrastructure LP'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.
XPLR Infrastructure LP's Sloan Ratio % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, XPLR Infrastructure LP's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where XPLR Infrastructure LP'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.
XPLR Infrastructure LP's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
XPLR Infrastructure LP's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 70 (Mar. 2024 ) + 62 (Jun. 2024 ) + -40 (Sep. 2024 ) + -114 (Dec. 2024 ) = $-22 Mil. XPLR Infrastructure LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 78 (Mar. 2024 ) + 231 (Jun. 2024 ) + 208 (Sep. 2024 ) + 283 (Dec. 2024 ) = $800 Mil. XPLR Infrastructure LP's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 42 (Mar. 2024 ) + 706 (Jun. 2024 ) + 596 (Sep. 2024 ) + -108 (Dec. 2024 ) = $1,236 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.
XPLR Infrastructure LP (NYSE:XIFR) 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. 2024, XPLR Infrastructure LP has a Sloan Ratio of -10.14%, indicating there is a warning stage of accrual build up.
XPLR Infrastructure LP Sloan Ratio % Related Terms
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XPLR Infrastructure LP is formed to acquire, manage, and own contracted clean energy projects. It owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. Renewable energy assets consist of wind, solar, and solar-plus-storage projects and a stand-alone battery storage project, as well as contracted natural gas pipeline assets. Renewable energy sales generate maximum revenue for the company.
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