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 Dec. 2023, Cadogan Energy Solutions has a Sloan Ratio of 2.84%, indicating the company is in the safe zone and there is no funny business with accruals.
Cadogan Energy Solutions 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.
Competitive Comparison of Cadogan Energy Solutions's Sloan Ratio %
For the Oil & Gas E&P subindustry, Cadogan Energy Solutions'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.
Cadogan Energy Solutions's Sloan Ratio % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cadogan Energy Solutions's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cadogan Energy Solutions's Sloan Ratio % falls into.
Cadogan Energy Solutions 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.
Cadogan Energy Solutions's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Cadogan Energy Solutions's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -0.159 (Jun. 2023 ) + 1.312 (Dec. 2023 ) = €1.15 Mil.
Cadogan Energy Solutions's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 0.099 (Jun. 2023 ) + -0.621 (Dec. 2023 ) = €-0.52 Mil.
Cadogan Energy Solutions's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0.11 (Jun. 2023 ) + 0.568 (Dec. 2023 ) = €0.68 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.
Cadogan Energy Solutions (STU:CPD) 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. 2023, Cadogan Energy Solutions has a Sloan Ratio of 2.84%, indicating the company is in the safe zone and there is no funny business with accruals.
Cadogan Energy Solutions Sloan Ratio % Related Terms
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Cadogan Energy Solutions (STU:CPD) Business Description
Cadogan Energy Solutions PLC is an independent energy company, which operates an exploration and production license in Western Ukraine, conducts gas trading operations, and provides services to E&P companies. The objective of the company is to be a diversified energy group making investments offering energy solutions and alternative services with a lower environmental impact. It has two operating segments; the Exploration and Production segment includes E&P activities on the exploration and production licenses for natural gas, oil, and condensate, and the Trading segment includes the Import of natural gas from European countries and Local purchase and sales of natural gas operations with physical delivery of natural gas.
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