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Resurgere Mines & Minerals India (NSE:RMMIL) Sloan Ratio % : 0.00% (As of Mar. 2018)


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What is Resurgere Mines & Minerals India 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.

Resurgere Mines & Minerals India's Sloan Ratio for the quarter that ended in Mar. 2018 was 0.00%.

As of Mar. 2018, Resurgere Mines & Minerals India has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Resurgere Mines & Minerals India Sloan Ratio % Historical Data

The historical data trend for Resurgere Mines & Minerals India'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.

* Premium members only.

Resurgere Mines & Minerals India Sloan Ratio % Chart

Resurgere Mines & Minerals India Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.81 -10.14 -12.39 - -

Resurgere Mines & Minerals India Semi-Annual Data
Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -8.81 -10.14 -12.39 - -

Competitive Comparison of Resurgere Mines & Minerals India's Sloan Ratio %

For the Other Industrial Metals & Mining subindustry, Resurgere Mines & Minerals India'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.


Resurgere Mines & Minerals India's Sloan Ratio % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Resurgere Mines & Minerals India's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Resurgere Mines & Minerals India's Sloan Ratio % falls into.



Resurgere Mines & Minerals India 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.

Resurgere Mines & Minerals India's Sloan Ratio for the fiscal year that ended in Mar. 2018 is calculated as

Sloan Ratio=(Net Income (A: Mar. 2018 )-Cash Flow from Operations (A: Mar. 2018 )
-Cash Flow from Investing (A: Mar. 2018 ))/Total Assets (A: Mar. 2018 )
=(-579.847-0
-0)/7976.491
=-7.27%

Resurgere Mines & Minerals India's Sloan Ratio for the quarter that ended in Mar. 2018 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2018 )
=(-579.847-0
-0)/7976.491
=-7.27%

For company reported annually, GuruFocus uses latest annual data as the TTM data. Resurgere Mines & Minerals India's Net Income for the trailing twelve months (TTM) ended in Mar. 2018 was ₹-579.85 Mil.
Resurgere Mines & Minerals India's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2018 was ₹0.00 Mil.
Resurgere Mines & Minerals India's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2018 was ₹0.00 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.


Resurgere Mines & Minerals India  (NSE:RMMIL) 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. 2018, Resurgere Mines & Minerals India has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Resurgere Mines & Minerals India Sloan Ratio % Related Terms

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Resurgere Mines & Minerals India Business Description

Traded in Other Exchanges
N/A
Address
15, Morvi House, 28/30, Goa Street, Ballard Estate, 1st Floor, Mumbai, MH, IND, 400038
Resurgere Mines & Minerals India Ltd is engaged in extraction, processing, and sale of iron ore, bauxite and soapstone products and exploration & development of mining assets. The company's products portfolio consists of Lump Ore, Size Ore, Calibrated Lump Ore, Iron Ore Fines, and Bauxite. It operates two mines contracts, Iron Ore mine situated at Satarda and Bauxite mine situated at Mahalmiriya. It owns two mines, Soapstone mine situated at Dhelana in the state of Rajasthan and Bauxite mine situated at Yelwan Jugai, Maharashtra. Majority of the revenue is derived from its only segment Mining & Trading of Minerals.

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