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Silver Star Energy (Silver Star Energy) Sloan Ratio % : 0.00% (As of Sep. 2007)


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What is Silver Star Energy 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.

Silver Star Energy's Sloan Ratio for the quarter that ended in Sep. 2007 was 0.00%.

As of Sep. 2007, Silver Star Energy has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Silver Star Energy Sloan Ratio % Historical Data

The historical data trend for Silver Star Energy'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.

Silver Star Energy Sloan Ratio % Chart

Silver Star Energy Annual Data
Trend Dec03 Dec04 Dec05 Dec06
Sloan Ratio %
42.24 36.24 -70.08 49.25

Silver Star Energy Quarterly Data
Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07
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 -160.31 49.25 - - -

Competitive Comparison of Silver Star Energy's Sloan Ratio %

For the Oil & Gas E&P subindustry, Silver Star Energy'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.


Silver Star Energy's Sloan Ratio % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Silver Star Energy's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Silver Star Energy's Sloan Ratio % falls into.



Silver Star Energy 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.

Silver Star Energy's Sloan Ratio for the fiscal year that ended in Dec. 2006 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2006 )-Cash Flow from Operations (A: Dec. 2006 )
-Cash Flow from Investing (A: Dec. 2006 ))/Total Assets (A: Dec. 2006 )
=(1.781-0.64
--1.319)/4.995
=49.25%

Silver Star Energy's Sloan Ratio for the quarter that ended in Sep. 2007 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2007 )
=(4.717--0.536
-2.668)/1.813
=142.58%

Silver Star Energy's Net Income for the trailing twelve months (TTM) ended in Sep. 2007 was 5.551 (Dec. 2006 ) + -0.409 (Mar. 2007 ) + -0.245 (Jun. 2007 ) + -0.18 (Sep. 2007 ) = $4.72 Mil.
Silver Star Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2007 was -0.317 (Dec. 2006 ) + -0.031 (Mar. 2007 ) + -0.15 (Jun. 2007 ) + -0.038 (Sep. 2007 ) = $-0.54 Mil.
Silver Star Energy's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2007 was 0.068 (Dec. 2006 ) + 0 (Mar. 2007 ) + 2.6 (Jun. 2007 ) + 0 (Sep. 2007 ) = $2.67 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.


Silver Star Energy  (OTCPK:SVSE) 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 Sep. 2007, Silver Star Energy has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Silver Star Energy Sloan Ratio % Related Terms

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Silver Star Energy (Silver Star Energy) Business Description

Traded in Other Exchanges
N/A
Address
9595 Wilshire Boulevard, Suite 900, Beverly Hills, CA, USA, 90212
Website
Silver Star Energy Inc is an early-stage energy company engaged in the exploration and development of oil and natural gas reserves throughout western North America.
Executives
Scott Marshall 10 percent owner 2435 WEST 7TH AVENUE VANCOUVER A1 00000
Gordon Samson director 9595 WILSHIRE BLVD., SUITE 900 BEVERLY HILLS CA 90212
Robert Bruce Mcintosh director, officer: President 504 THRASHER STREET, NORCROSS GA 30071

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