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.
Mogotes metals's Sloan Ratio for the quarter that ended in Aug. 2024 was 0.00%.
As of Aug. 2024, Mogotes metals has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Mogotes metals Sloan Ratio % Historical Data
The historical data trend for Mogotes metals'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 Mogotes metals's Sloan Ratio %
For the Other Industrial Metals & Mining subindustry, Mogotes metals'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.
Mogotes metals's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Mogotes metals's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Mogotes metals's Sloan Ratio % falls into.
Mogotes metals 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.
Mogotes metals's Sloan Ratio for the fiscal year that ended in Nov. 2023 is calculated as
Mogotes metals's Net Income for the trailing twelve months (TTM) ended in Aug. 2024 was -1.379 (Nov. 2023 ) + -1 (Feb. 2024 ) + -3.643 (May. 2024 ) + -1.394 (Aug. 2024 ) = C$-7.42 Mil.
Mogotes metals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Aug. 2024 was -0.674 (Nov. 2023 ) + -1.182 (Feb. 2024 ) + -3.661 (May. 2024 ) + -1.591 (Aug. 2024 ) = C$-7.11 Mil.
Mogotes metals's Cash Flow from Investing for the trailing twelve months (TTM) ended in Aug. 2024 was 0 (Nov. 2023 ) + 0 (Feb. 2024 ) + 0 (May. 2024 ) + 0 (Aug. 2024 ) = C$0.00 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.
Mogotes metals (TSXV:MOG) 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 Aug. 2024, Mogotes metals has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Mogotes metals Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Mogotes metals's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mogotes metals Inc is an exploration and development stage mining company engaged in the business of acquiring and exploring mineral properties in Argentina and Chile. Currently, the business objective of the Company is to identify a mineral resource deposit at the Filo Sur Project. The Company's principal property is the Filo Sur Project. The Filo Sur Project consists of 14 claims totaling 8,118 hectares located on the eastern flank of the Andes Cordillera, 350 kilometers northwest of the city of San Juan, San Juan Province and seven licenses totaling approximately 130 hectares located in Chile. The Filo Sur Project is adjacent to the international border between Chile and Argentina and the Atacama region in Northern Chile.
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