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SHMIF (Showcase Minerals) Sloan Ratio % : 0.00% (As of Oct. 2024)


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What is Showcase Minerals 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.

Showcase Minerals's Sloan Ratio for the quarter that ended in Oct. 2024 was 0.00%.

Warning Sign:

When sloan ratio (-637.16)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Oct. 2024, Showcase Minerals has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Showcase Minerals Sloan Ratio % Historical Data

The historical data trend for Showcase Minerals'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.

Showcase Minerals Sloan Ratio % Chart

Showcase Minerals Annual Data
Trend Oct21 Oct22 Oct23 Oct24
Sloan Ratio %
26.98 0.93 52.53 -638.61

Showcase Minerals Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Showcase Minerals's Sloan Ratio %

For the Other Industrial Metals & Mining subindustry, Showcase Minerals'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.


Showcase Minerals's Sloan Ratio % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Showcase Minerals's Sloan Ratio % falls into.


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Showcase Minerals 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.

Showcase Minerals's Sloan Ratio for the fiscal year that ended in Oct. 2024 is calculated as

Sloan Ratio=(Net Income (A: Oct. 2024 )-Cash Flow from Operations (A: Oct. 2024 )
-Cash Flow from Investing (A: Oct. 2024 ))/Total Assets (A: Oct. 2024 )
=(-1.32--0.268
--0.043)/0.158
=-638.61%

Showcase Minerals's Sloan Ratio for the quarter that ended in Oct. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Oct. 2024 )
=(-1.346--0.254
--0.051)/0.158
=-658.86%

Showcase Minerals's Net Income for the trailing twelve months (TTM) ended in Oct. 2024 was -0.283 (Jan. 2024 ) + -0.234 (Apr. 2024 ) + -0.837 (Jul. 2024 ) + 0.008 (Oct. 2024 ) = $-1.35 Mil.
Showcase Minerals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Oct. 2024 was 0.647 (Jan. 2024 ) + -0.205 (Apr. 2024 ) + -0.615 (Jul. 2024 ) + -0.081 (Oct. 2024 ) = $-0.25 Mil.
Showcase Minerals's Cash Flow from Investing for the trailing twelve months (TTM) ended in Oct. 2024 was -0.453 (Jan. 2024 ) + 0 (Apr. 2024 ) + 0.481 (Jul. 2024 ) + -0.079 (Oct. 2024 ) = $-0.05 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.


Showcase Minerals  (OTCPK:SHMIF) 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 Oct. 2024, Showcase Minerals has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Showcase Minerals Sloan Ratio % Related Terms

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Showcase Minerals Business Description

Traded in Other Exchanges
Address
741 Harbourfront Drive North East, Salmon Arm, BC, CAN, V1E 3L4
Showcase Minerals Inc is engaged in the business of mineral property exploration and development. The company holds the exclusive option to acquire a 100% interest in the Dixie Flats Claims, the North Star Claims, and the Woodruff Claims (collectively, 'the Properties'), which are respectively subject to net smelters returns royalties ranging from 2.25% to 4.25%. It has one reportable segment, the exploration and development of mineral property in the State of Nevada, USA.

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