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Jade Leader (TSXV:JADE) Sloan Ratio % : 0.00% (As of Dec. 2024)


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What is Jade Leader 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.

Jade Leader's Sloan Ratio for the quarter that ended in Dec. 2024 was 0.00%.

As of Dec. 2024, Jade Leader has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Jade Leader Sloan Ratio % Historical Data

The historical data trend for Jade Leader'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.

Jade Leader Sloan Ratio % Chart

Jade Leader Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.16 -34.27 0.76 -10.63 -6.16

Jade Leader Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 Premium Member Only -8.73 - - - -

Competitive Comparison of Jade Leader's Sloan Ratio %

For the Other Precious Metals & Mining subindustry, Jade Leader'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.


Jade Leader's Sloan Ratio % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jade Leader's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Jade Leader's Sloan Ratio % falls into.



Jade Leader 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.

Jade Leader's Sloan Ratio for the fiscal year that ended in Sep. 2024 is calculated as

Sloan Ratio=(Net Income (A: Sep. 2024 )-Cash Flow from Operations (A: Sep. 2024 )
-Cash Flow from Investing (A: Sep. 2024 ))/Total Assets (A: Sep. 2024 )
=(-0.265--0.133
--0.04)/1.493
=-6.16%

Jade Leader's Sloan Ratio for the quarter that ended in Dec. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2024 )
=(-0.246--0.112
--0.059)/1.429
=-5.25%

Jade Leader's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was -0.051 (Mar. 2024 ) + -0.05 (Jun. 2024 ) + -0.084 (Sep. 2024 ) + -0.061 (Dec. 2024 ) = C$-0.25 Mil.
Jade Leader's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was -0.025 (Mar. 2024 ) + -0.018 (Jun. 2024 ) + -0.029 (Sep. 2024 ) + -0.04 (Dec. 2024 ) = C$-0.11 Mil.
Jade Leader's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 0 (Mar. 2024 ) + -0.003 (Jun. 2024 ) + -0.055 (Sep. 2024 ) + -0.001 (Dec. 2024 ) = C$-0.06 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.


Jade Leader  (TSXV:JADE) 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 Dec. 2024, Jade Leader has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Jade Leader Sloan Ratio % Related Terms

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Jade Leader Business Description

Traded in Other Exchanges
Address
734 - 7th Avenue SW, Suite 1620, Calgary, AB, CAN, T2P 3P8
Jade Leader Corp is engaged in the business of mineral exploration and development in Canada and the USA. The company operates through its projects which include DJ jade project: The DJ project was the Company's first project where extensive Jade occurrences have been outlined at surface, containing 4 different classes of nephrite Jade including ornamental material, carving/jewellery type, near gem-to-gem quality material, and Color Shift Jade. Tell Project, and Wyoming Jade Fields. Maximum of its revenue is from Wyoming Jade Fields Project, of USA.
Executives
Jean Pierre Jutras Director, Senior Officer
Cornell Dean Mcdowell Director
Shane William Ebert Director
Barbara Michele O'neill Senior Officer

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