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Troilus Gold (STU:CM5R) Sloan Ratio % : -5.53% (As of Oct. 2023)


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What is Troilus 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.

Troilus Gold's Sloan Ratio for the quarter that ended in Oct. 2023 was -5.53%.

Warning Sign:

When sloan ratio (26.02)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Oct. 2023, Troilus Gold has a Sloan Ratio of -5.53%, indicating the company is in the safe zone and there is no funny business with accruals.


Troilus Gold Sloan Ratio % Historical Data

The historical data trend for Troilus 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.

Troilus Gold Sloan Ratio % Chart

Troilus Gold Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.54 -4.24 -39.70 23.68 26.02

Troilus Gold Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23
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 15.18 70.59 55.83 27.55 -5.53

Competitive Comparison of Troilus Gold's Sloan Ratio %

For the Other Industrial Metals & Mining subindustry, Troilus 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.


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

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

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



Troilus 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.

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

Sloan Ratio=(Net Income (A: Jul. 2023 )-Cash Flow from Operations (A: Jul. 2023 )
-Cash Flow from Investing (A: Jul. 2023 ))/Total Assets (A: Jul. 2023 )
=(-3.815--21.289
-10.916)/25.2
=26.02%

Troilus Gold's Sloan Ratio for the quarter that ended in Oct. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Oct. 2023 )
=(-7.395--19.561
-13.175)/18.242
=-5.53%

Troilus Gold's Net Income for the trailing twelve months (TTM) ended in Oct. 2023 was 24.502 (Jan. 2023 ) + -11.709 (Apr. 2023 ) + -9.242 (Jul. 2023 ) + -10.946 (Oct. 2023 ) = €-7.40 Mil.
Troilus Gold's Cash Flow from Operations for the trailing twelve months (TTM) ended in Oct. 2023 was -8.094 (Jan. 2023 ) + -5.685 (Apr. 2023 ) + -1.216 (Jul. 2023 ) + -4.566 (Oct. 2023 ) = €-19.56 Mil.
Troilus Gold's Cash Flow from Investing for the trailing twelve months (TTM) ended in Oct. 2023 was 2.48 (Jan. 2023 ) + 4.87 (Apr. 2023 ) + 3.575 (Jul. 2023 ) + 2.25 (Oct. 2023 ) = €13.18 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.


Troilus Gold  (STU:CM5R) 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. 2023, Troilus Gold has a Sloan Ratio of -5.53%, indicating the company is in the safe zone and there is no funny business with accruals.


Troilus Gold Sloan Ratio % Related Terms

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Troilus Gold (STU:CM5R) Business Description

Traded in Other Exchanges
Address
715 Square Victoria, Suite 705, Montreal, QC, CAN, H2Y 2H7
Troilus Gold Corp is a Toronto-based, Quebec-focused, advanced-stage exploration and early-development company. It is focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine. The Troilus project includes Z87 Looking Southwest, Water Treatment and Tailings, Town of Chibougamau, 43,500 Hectare Property, and others.

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