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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.
Paragon Shipping's Sloan Ratio for the quarter that ended in Dec. 2016 was 0.00%.
As of Dec. 2016, Paragon Shipping has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Paragon Shipping (OTCPK:PRGNF) 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. 2016, Paragon Shipping has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Paragon Shipping Sloan Ratio % Related Terms
Paragon Shipping Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Paragon Shipping'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.
PRGNF vs CTRM, GLBS, TOPS: Sloan Ratio % Comparison
For the Marine Shipping subindustry, Paragon Shipping'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.
Paragon Shipping Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Paragon Shipping's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Paragon Shipping'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.
Paragon Shipping's Sloan Ratio for the fiscal year that ended in Dec. 2016 is calculated as
Paragon Shipping's Net Income for the trailing twelve months (TTM) ended in Dec. 2016 was -72.906 (Jun. 2015 ) + -13.369 (Sep. 2015 ) + -173.501 (Dec. 2015 ) + 0 (Dec. 2016 ) = $-259.78 Mil.
Paragon Shipping's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2016 was 0 (Jun. 2015 ) + 0 (Sep. 2015 ) + 0 (Dec. 2015 ) + 0 (Dec. 2016 ) = $0.00 Mil.
Paragon Shipping's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2016 was 0 (Jun. 2015 ) + 0 (Sep. 2015 ) + 0 (Dec. 2015 ) + 0 (Dec. 2016 ) = $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.
Paragon Shipping (PRGNF) has a Sloan Ratio % of 0.00% as of Dec. 2016. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Paragon Shipping and its competitors.
Is Paragon Shipping's Sloan Ratio % too high?
Paragon Shipping's current Sloan Ratio % is 0.00%.
How does Paragon Shipping's Sloan Ratio % compare to CTRM and GLBS?
Paragon Shipping's Sloan Ratio % of 0.00% can be compared against companies in the Transportation 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 a Transportation company?
A good Sloan Ratio % depends on the Transportation 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 Paragon Shipping and its competitors. Paragon Shipping'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 Paragon Shipping stock overvalued right now?
Paragon Shipping (PRGNF) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. 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 Paragon Shipping (PRGNF), the current Sloan Ratio % is 0.00% as of Dec. 2016. 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.
Paragon Shipping Inc is based in Greece but incorporated in the Marshall Islands, Paragon Shipping owns and operates medium-size dry-bulk ships and rents these assets through multiyear agreements. Paragon outsources its ship management to Allseas, a third-party company. Founded in 2006, the company has expanded to 12 ships from its original six, with plans to continue fleet additions.
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