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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.
Westgold Resources's Sloan Ratio for the quarter that ended in Dec. 2025 was -8.03%.
As of Dec. 2025, Westgold Resources has a Sloan Ratio of -8.03%, indicating the company is in the safe zone and there is no funny business with accruals.
Westgold Resources (OTCPK:WGXRF) 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. 2025, Westgold Resources has a Sloan Ratio of -8.03%, indicating the company is in the safe zone and there is no funny business with accruals.
Westgold Resources Sloan Ratio % Related Terms
Westgold Resources Sloan Ratio % Historical Data
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The historical data trend for Westgold Resources'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.
For the Gold subindustry, Westgold Resources'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.
Westgold Resources Sloan Ratio % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Westgold Resources's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Westgold Resources'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.
Westgold Resources's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Westgold Resources's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 40.569 (Jun. 2025 ) + 126.733 (Dec. 2025 ) = $167 Mil.
Westgold Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 150.83 (Jun. 2025 ) + 353.318 (Dec. 2025 ) = $504 Mil.
Westgold Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -62.367 (Jun. 2025 ) + -90.136 (Dec. 2025 ) = $-153 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.
Westgold Resources (WGXRF) has a Sloan Ratio % of -8.03% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Westgold Resources and its competitors.
Is Westgold Resources' Sloan Ratio % too high?
Westgold Resources' current Sloan Ratio % is -8.03%. Overall, Westgold Resources has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Westgold Resources' Sloan Ratio % compare to NEM and AU?
Westgold Resources' Sloan Ratio % of -8.03% 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 Westgold Resources and its competitors. Westgold Resources's current Sloan Ratio % is -8.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westgold Resources stock overvalued right now?
Based on GuruFocus' analysis, Westgold Resources (WGXRF) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.16, compared to a current price of $4.06 — trading 28.5% above its estimated fair value. The current Sloan Ratio % is -8.03%. Westgold Resources' overall GF Score™ is 72/100 with 4 warning signs to review. 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 Westgold Resources (WGXRF), the current Sloan Ratio % is -8.03% as of Dec. 2025. 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.
Is Westgold Resources (WGXRF) Overvalued in 2026?
Based on GuruFocus' analysis, Westgold Resources stock appears to be overvalued.
The current stock price of $4.06 is trading 28.5% above its estimated GF Value™ of $3.16.
GuruFocus considers Westgold Resources to be Modestly Overvalued.
Key valuation signals for WGXRF:
Sloan Ratio %: -8.03%
GF Value™: $3.16 vs. price of $4.06 (28.5% above fair value)
No single metric tells the full story. See the WGXRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Westgold Resources Ltd is a gold producer with a large and strategic landholding across two of Western Australia's prolific gold regions, the Murchison and the Southern Goldfields. The group has acquired several square kilometers of land holdings and operates multiple underground mines and four processing hubs across these regions. Its reportable segments are: Murchison and Southern Goldfields. The majority of the group's revenue is generated from the Murchison segment, which incorporates the operations of its three processing hubs at Cue, Meekatharra, and Fortnum. The group generates maximum revenue from the sale of gold at spot, and the rest from the sale of silver.
72GF Score
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