What is Wisconsin Electric Power Co 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.
As of Mar. 2024, Wisconsin Electric Power Co has a Sloan Ratio of 3.64%, indicating the company is in the safe zone and there is no funny business with accruals.
Wisconsin Electric Power Co Sloan Ratio % Historical Data
* 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 Wisconsin Electric Power Co's Sloan Ratio %
For the Utilities - Regulated Electric subindustry, Wisconsin Electric Power Co'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.
Wisconsin Electric Power Co's Sloan Ratio % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Wisconsin Electric Power Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Wisconsin Electric Power Co's Sloan Ratio % falls into.
Wisconsin Electric Power Co 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.
Wisconsin Electric Power Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 111.9 (Jun. 2023 ) + 163.8 (Sep. 2023 ) + 84.1 (Dec. 2023 ) + 134.3 (Mar. 2024 ) = $494.10 Mil.
Wisconsin Electric Power Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 242.8 (Jun. 2023 ) + 350.7 (Sep. 2023 ) + 130.1 (Dec. 2023 ) + 369.4 (Mar. 2024 ) = $1,093.00 Mil.
Wisconsin Electric Power Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -350.9 (Jun. 2023 ) + -273.7 (Sep. 2023 ) + -353.4 (Dec. 2023 ) + -197.3 (Mar. 2024 ) = $-1,175.30 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.
Wisconsin Electric Power Co (OTCPK:WELPP.PFD) 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 Mar. 2024, Wisconsin Electric Power Co has a Sloan Ratio of 3.64%, indicating the company is in the safe zone and there is no funny business with accruals.
Wisconsin Electric Power Co Sloan Ratio % Related Terms
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Wisconsin Electric Power Co (Wisconsin Electric Power Co) Business Description
Wisconsin Electric Power Co is an electric utility company. The business activity of the group is functioned through electric and natural gas utility operations. Its electric utility operations are engaged in the generation, distribution, and sale of electricity in southeastern, east central, and northern Wisconsin and the Upper Peninsula of Michigan. The electric utility operations also include steam operations which produce, distribute, and sell steam to space heating and processing customers in metropolitan Milwaukee, Wisconsin. Its natural gas utility operations are engaged in the purchase, distribution, and sale of natural gas to retail customers and the transportation natural gas in three service areas within southeastern, east central, and northern Wisconsin.
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