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.
Gunnison Copper's Sloan Ratio for the quarter that ended in Dec. 2024 was 35.31%.
Warning Sign:
When sloan ratio (33.73)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Dec. 2024, Gunnison Copper has a Sloan Ratio of 35.31%, indicating earnings are more likely to be made up of accruals.
Gunnison Copper Sloan Ratio % Historical Data
The historical data trend for Gunnison Copper'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 Gunnison Copper's Sloan Ratio %
For the Copper subindustry, Gunnison Copper'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.
Gunnison Copper's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Gunnison Copper's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Gunnison Copper'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.
Gunnison Copper's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Gunnison Copper's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was -15.079 (Mar. 2024 ) + -20.723 (Jun. 2024 ) + -20.249 (Sep. 2024 ) + 70.812 (Dec. 2024 ) = C$14.76 Mil.
Gunnison Copper's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was -3.833 (Mar. 2024 ) + -3.31 (Jun. 2024 ) + 0.416 (Sep. 2024 ) + -3.858 (Dec. 2024 ) = C$-10.59 Mil.
Gunnison Copper's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 0.179 (Mar. 2024 ) + 6.323 (Jun. 2024 ) + 9.595 (Sep. 2024 ) + -60.141 (Dec. 2024 ) = C$-44.04 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.
Gunnison Copper (TSX:GCU) 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. 2024, Gunnison Copper has a Sloan Ratio of 35.31%, indicating earnings are more likely to be made up of accruals.
Gunnison Copper Sloan Ratio % Related Terms
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Gunnison Copper Corp is engaged in the acquisition, exploration, and development of copper mineral properties and the construction and operation of copper mines in Arizona, USA. The company is focused on the development of the Gunnison Copper Project, which is designed to be a large-scale open pit operation producing finished copper cathodes. In addition, Gunnison is also undertaking leachpad construction to allow for the expansion and restart of the Johnson Camp Mine (JCM) in partnership with another firm, to demonstrate the use of its sulfide copper heap leaching technology. The company operates in two reportable operating segments in the United States: Gunnison and Johnson Camp Mine.
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