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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.
As of Sep. 2023, Empire Diversified Energy has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Empire Diversified Energy (OTCPK:MPIR) 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 Sep. 2023, Empire Diversified Energy has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Empire Diversified Energy Sloan Ratio % Related Terms
Empire Diversified Energy 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.
For the Oil & Gas Midstream subindustry, Empire Diversified Energy'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.
Empire Diversified Energy Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Empire Diversified Energy's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Empire Diversified Energy's Sloan Ratio % falls into.
Empire Diversified Energy 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.
Empire Diversified Energy's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as
Empire Diversified Energy's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -3.87 (Sep. 2021 ) + -6.418 (Dec. 2021 ) + -7.518 (Sep. 2022 ) + -6.492 (Sep. 2023 ) = $-24.30 Mil.
Empire Diversified Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -2.1 (Sep. 2021 ) + -1.893 (Dec. 2021 ) + 0 (Sep. 2022 ) + 0 (Sep. 2023 ) = $-3.99 Mil.
Empire Diversified Energy's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -0.491 (Sep. 2021 ) + -0.892 (Dec. 2021 ) + 0 (Sep. 2022 ) + 0 (Sep. 2023 ) = $-1.38 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.
Empire Diversified Energy (MPIR) has a Sloan Ratio % of 0.00% as of Sep. 2023. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Empire Diversified Energy and its competitors.
Is Empire Diversified Energy's Sloan Ratio % too high?
Empire Diversified Energy's current Sloan Ratio % is 0.00%. Overall, Empire Diversified Energy has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Empire Diversified Energy's Sloan Ratio % compare to BROG and IMPP?
Empire Diversified Energy's Sloan Ratio % of 0.00% can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 Empire Diversified Energy and its competitors. Empire Diversified Energy'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 Empire Diversified Energy stock overvalued right now?
Empire Diversified Energy (MPIR) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. Empire Diversified Energy's overall GF Score™ is 28/100. 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 Empire Diversified Energy (MPIR), the current Sloan Ratio % is 0.00% as of Sep. 2023. 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.
Empire Diversified Energy Inc is a diversified energy and logistics company. It has developed a wide range of green energy products & solutions to industry problems, offering strategic and cost-effective logistics to address LNG and Petrochemical Storage Hubs, Petrochemical Loading Facilities, Scrap Iron and Mineral Sales, (Slag, HBI, Coal, Water), and Behind the grid utilities company that utilizes waste to energy and recycling systems to provide electricity, waste management and water treatment services. EDE provides a vast array of energy services and sources to energy buyers and sellers.
28GF Score
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