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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.
Tombstone Exploration's Sloan Ratio for the quarter that ended in Dec. 2021 was -24.57%.
As of Dec. 2021, Tombstone Exploration has a Sloan Ratio of -24.57%, indicating there is a warning stage of accrual build up.
Tombstone Exploration (OTCPK:TMBXF) 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. 2021, Tombstone Exploration has a Sloan Ratio of -24.57%, indicating there is a warning stage of accrual build up.
Tombstone Exploration Sloan Ratio % Related Terms
Tombstone Exploration Sloan Ratio % Historical Data
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The historical data trend for Tombstone Exploration'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.
TMBXF vs WNFT, NMEX, THMG: Sloan Ratio % Comparison
For the Other Precious Metals & Mining subindustry, Tombstone Exploration'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.
Tombstone Exploration Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Tombstone Exploration's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Tombstone Exploration's Sloan Ratio % falls into.
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.
Tombstone Exploration's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Tombstone Exploration (TMBXF) has a Sloan Ratio % of -24.57% as of Dec. 2021. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Tombstone Exploration and its competitors.
Is Tombstone Exploration's Sloan Ratio % too high?
Tombstone Exploration's current Sloan Ratio % is -24.57%. Overall, Tombstone Exploration has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Tombstone Exploration's Sloan Ratio % compare to WNFT and NMEX?
Tombstone Exploration's Sloan Ratio % of -24.57% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Metals & Mining company?
A good Sloan Ratio % depends on the Metals & Mining industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Tombstone Exploration and its competitors. Tombstone Exploration's current Sloan Ratio % is -24.57%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tombstone Exploration stock overvalued right now?
Tombstone Exploration (TMBXF) has a current Sloan Ratio % of -24.57%. The current Sloan Ratio % is -24.57%. Tombstone Exploration's overall GF Score™ is 39/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Tombstone Exploration (TMBXF), the current Sloan Ratio % is -24.57% as of Dec. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Tombstone Exploration Corp is an exploration-stage mineral resource company. Its focus of operations has been to generate revenue from the production of silver and gold as well as additional base minerals such as copper, lead, and zinc. The company's objective is to produce metals and minerals below standard industry costs. It holds mineral rights to the Stardust mine located in Yuma County, Arizona. The company's projects include The Bonanza Project, The Tombstone Project, and the Stardust Project.
39GF Score
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