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.
Thunder Mountain Gold's Sloan Ratio for the quarter that ended in Sep. 2024 was 0.00%.
Warning Sign:
When sloan ratio (-30.93)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Sep. 2024, Thunder Mountain Gold has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Thunder Mountain Gold Sloan Ratio % Historical Data
The historical data trend for Thunder Mountain 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.
Competitive Comparison of Thunder Mountain Gold's Sloan Ratio %
For the Other Precious Metals & Mining subindustry, Thunder Mountain 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.
Thunder Mountain Gold's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thunder Mountain Gold's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Thunder Mountain Gold's Sloan Ratio % falls into.
Thunder Mountain 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.
Thunder Mountain Gold's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Thunder Mountain Gold's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -0.39 (Dec. 2023 ) + -0.206 (Mar. 2024 ) + -0.114 (Jun. 2024 ) + -0.115 (Sep. 2024 ) = $-0.83 Mil.
Thunder Mountain Gold's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was -0.081 (Dec. 2023 ) + -0.2 (Mar. 2024 ) + -0.108 (Jun. 2024 ) + -0.106 (Sep. 2024 ) = $-0.50 Mil.
Thunder Mountain Gold's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0 (Dec. 2023 ) + 0.385 (Mar. 2024 ) + 0 (Jun. 2024 ) + 0 (Sep. 2024 ) = $0.39 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.
Thunder Mountain Gold (OTCPK:THMG) 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 Sep. 2024, Thunder Mountain Gold has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Thunder Mountain Gold Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Thunder Mountain Gold's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Thunder Mountain Gold Inc is a mineral exploration stage company. It is engaged in exploring mining properties that have the potential to produce gold, silver, base metals, and other commodities. The company holds interests in the South Mountain and Trout Creek Project. The current land package at South Mountain consists of 17 patented mining claims encompassing approximately 326 acres, 21 unpatented mining lode claims covering approximately 290 acres, and approximately 489 acres of leased private land. In addition, the project owns 360 acres of private land (mill site) not contiguous with the mining claims. All holdings are in the South Mountain Mining District, Owyhee County, Idaho.
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