NR has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NR has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
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.
Newpark Resources's Sloan Ratio for the quarter that ended in Sep. 2024 was -64.98%.
As of Sep. 2024, Newpark Resources has a Sloan Ratio of -64.98%, indicating there is a warning stage of accrual build up.
The historical data trend for Newpark Resources'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.
Newpark Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Sloan Ratio % | Get a 7-Day Free Trial | -3.94 | -18.77 | -0.67 | -5.88 | -12.42 |
Newpark Resources Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Sloan Ratio % | Get a 7-Day Free Trial | -16.10 | -12.42 | -7.33 | -8.38 | -64.98 |
For the Oil & Gas Equipment & Services subindustry, Newpark Resources'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.
For the Oil & Gas industry and Energy sector, Newpark Resources's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Newpark Resources'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.
Newpark Resources's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Sloan Ratio | = | (Net Income (A: Dec. 2023 ) | - | Cash Flow from Operations (A: Dec. 2023 ) |
- | Cash Flow from Investing (A: Dec. 2023 )) | / | Total Assets (A: Dec. 2023 ) | |
= | (14.516 | - | 100.001 | |
- | -5.69) | / | 642.336 | |
= | -12.42% |
Newpark Resources's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as
Sloan Ratio | = | (Net Income (TTM) | - | Cash Flow from Operations (TTM)) |
- | Cash Flow from Investing (TTM)) | / | Total Assets (Q: Sep. 2024 ) | |
= | (-159.441 | - | 78.455 | |
- | 15.269) | / | 389.606 | |
= | -64.98% |
Newpark Resources's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -0.476 (Dec. 2023 ) + 7.293 (Mar. 2024 ) + 8.04 (Jun. 2024 ) + -174.298 (Sep. 2024 ) = $-159.4 Mil. Newpark Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 36.159 (Dec. 2023 ) + 11.95 (Mar. 2024 ) + 27.581 (Jun. 2024 ) + 2.765 (Sep. 2024 ) = $78.5 Mil. Newpark Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -7.863 (Dec. 2023 ) + -12.739 (Mar. 2024 ) + -4.302 (Jun. 2024 ) + 40.173 (Sep. 2024 ) = $15.3 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.
Newpark Resources (NYSE:NR) 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 Sep. 2024, Newpark Resources has a Sloan Ratio of -64.98%, indicating there is a warning stage of accrual build up.
Thank you for viewing the detailed overview of Newpark Resources's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Claudia Michel Meer | director | 5425 WICKFORD DRIVE, NORTH BETHESDA MD 20852 |
Mary Celeste Fruge | officer: VP, General Counsel | 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381 |
John C Minge | director | 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381 |
Michael A Lewis | director | 77 BEALE ST, P.O. BOX 770000, SAN FRANCISCO CA 94177 |
Donald Win Young | director | 3311 DEL MONTE DRIVE, HOUSTON TX 77019 |
Gregg Piontek | officer: VP, Controller, PAO | 2700 RESEARCH FOREST DRIVE, SUITE 100, THE WOODLANDS TX 77381 |
Edward Chipman Earle | officer: VP and Special Advisor to CEO | 2103 CITY WEST BLVD., 4TH FLOOR, HOUSTON TX 77042 |
Matthew Lanigan | officer: VP and Pres of NMIS | 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381 |
Lori Briggs | officer: VP & President, Industrial | 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381 |
Paul L Howes | director, officer: President and CEO | 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381 |
Douglas L White | officer: Controller, CAO, PAO | 2700 RESEARCH FOREST DRIVE, SUITE 100, THE WOODLANDS TX 77381 |
David A Paterson | officer: VP & President, Fluid Systems | 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381 |
Bruce Campbell Smith | officer: VP & Pres, Drilling Fluids | 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381 |
David C Anderson | director | 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381 |
Mark J Airola | officer: Vice President, General Counse | 9320 LAKESIDE BOULEVARD, SUITE 100, THE WOODLANDS TX 77381 |
From GuruFocus
By Business Wire • 08-05-2024
By GuruFocus Research • 02-11-2024
By GuruFocus Research • 02-11-2024
By GuruFocus Research • 02-11-2024
By GuruFocus Research • 05-04-2024
By GuruFocus Research • 02-11-2024
By GuruFocus Research • 05-02-2024
By GuruFocus News • 11-14-2024
By Business Wire • 09-13-2024
By GuruFocus Research • 05-04-2024
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.