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PNCKF (Galleon Gold) Sloan Ratio % : -10.98% (As of May. 2024)


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What is Galleon Gold 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.

Galleon Gold's Sloan Ratio for the quarter that ended in May. 2024 was -10.98%.

As of May. 2024, Galleon Gold has a Sloan Ratio of -10.98%, indicating there is a warning stage of accrual build up.


Galleon Gold Sloan Ratio % Historical Data

The historical data trend for Galleon Gold'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.

Galleon Gold Sloan Ratio % Chart

Galleon Gold Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.51 -3.94 26.68 10.33 2.44

Galleon Gold Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.94 8.66 2.50 -2.26 -10.98

Competitive Comparison of Galleon Gold's Sloan Ratio %

For the Gold subindustry, Galleon Gold'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.


Galleon Gold's Sloan Ratio % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Galleon Gold's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Galleon Gold's Sloan Ratio % falls into.



Galleon Gold 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.

Galleon Gold's Sloan Ratio for the fiscal year that ended in Nov. 2023 is calculated as

Sloan Ratio=(Net Income (A: Nov. 2023 )-Cash Flow from Operations (A: Nov. 2023 )
-Cash Flow from Investing (A: Nov. 2023 ))/Total Assets (A: Nov. 2023 )
=(-0.916--1.247
--0.206)/21.979
=2.44%

Galleon Gold's Sloan Ratio for the quarter that ended in May. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: May. 2024 )
=(-3.707--1.231
-0.127)/23.705
=-10.98%

Galleon Gold's Net Income for the trailing twelve months (TTM) ended in May. 2024 was -0.838 (Aug. 2023 ) + -0.734 (Nov. 2023 ) + -0.784 (Feb. 2024 ) + -1.351 (May. 2024 ) = $-3.71 Mil.
Galleon Gold's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2024 was -0.134 (Aug. 2023 ) + -0.125 (Nov. 2023 ) + -0.3 (Feb. 2024 ) + -0.672 (May. 2024 ) = $-1.23 Mil.
Galleon Gold's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2024 was 0.474 (Aug. 2023 ) + -0.136 (Nov. 2023 ) + -0.049 (Feb. 2024 ) + -0.162 (May. 2024 ) = $0.13 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.


Galleon Gold  (OTCPK:PNCKF) 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 May. 2024, Galleon Gold has a Sloan Ratio of -10.98%, indicating there is a warning stage of accrual build up.


Galleon Gold Sloan Ratio % Related Terms

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Galleon Gold Business Description

Traded in Other Exchanges
Address
161 Bay Street, 27th Floor, Suite 2700, PO Box 508, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1
Galleon Gold Corp is principally engaged in the business of acquiring, exploring, and developing mineral properties in Canada and the United States, those containing gold, silver, platinum group elements (PGEs), copper, nickel, and associated base and precious metals. Its projects include West Cache Gold, Ontario, Neal, Idaho, USA, Chester, New Brunswick, and Other properties in Canada. Its properties are located in two geographical areas, Canada, and the United States of America, and the majority of the revenue comes from Canada.
Executives
J Jay Jaski director, officer: Chairman, CEO 95 WELLINGTON STREET W SUITE 900, PO BOX 28, TORONTO A6 M5J 2N7
Harry Jeffrey Blum director 20 EGLINTON AVE W STE 2100, PO BOX 2014, TORONTO A6 M4R 1K8
William Stearns Vaughan director 5655 SOUTH YOSEMITE STREET, SUITE 200, GREENWOOD VILLAGE CO 80111
James A Richardson officer: Chief Financial Officer 228 WALMER ROAD, TORONTO A6 M5R 3R7
Hull Consulting Services Ltd. officer: Chief Operation Officer 5511 WICKLOW DRIVE, OTTAWA A6 K4M 1C4
David Robert Mcpherson director 75 OCTOBER DRIVE, ST CATHERINES A6 Z2N 6J4
Robert David Russell director 5655 SOUTH YOSEMITE STREET, SUITE 200, GREENWOOD VILLAGE CO 80111
Rodney Alan Blakestad director 1602 W. PLACITA SIN NIEVE, SAHUARITA AZ 85629
Gerald G Carlson director
Robert Angrisano director, 10 percent owner, officer: President
Monty D Moore director, 10 percent owner, officer: Chairman & CEO
Edward H Waale director
Michael W Sharon director
Stuart Havenstrite director 8111 MASO DRIVE, SANDY UT 84093
Nevada Star Resource Corp director 161 BAY STREET, 27TH FLOOR, PO BOX 508, TORONTO A6 M5J 2S1

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