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.
* 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 Copper Standard Resources's Sloan Ratio %
For the Other Industrial Metals & Mining subindustry, Copper Standard 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.
Copper Standard Resources's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Copper Standard Resources's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Copper Standard Resources's Sloan Ratio % falls into.
Copper Standard Resources 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.
Copper Standard Resources's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Copper Standard Resources's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -0.402 (Dec. 2023 ) + -0.269 (Mar. 2024 ) + -0.136 (Jun. 2024 ) + -0.068 (Sep. 2024 ) = C$-0.88 Mil.
Copper Standard Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was -0.437 (Dec. 2023 ) + -0.417 (Mar. 2024 ) + -0.127 (Jun. 2024 ) + -0.287 (Sep. 2024 ) = C$-1.27 Mil.
Copper Standard Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 0.023 (Dec. 2023 ) + -0.555 (Mar. 2024 ) + -1.592 (Jun. 2024 ) + -0.989 (Sep. 2024 ) = C$-3.11 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.
Copper Standard Resources (XCNQ:CSR) 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 Sep. 2024, Copper Standard Resources has a Sloan Ratio of 23.03%, indicating there is a warning stage of accrual build up.
Copper Standard Resources Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Copper Standard Resources's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Copper Standard Resources Inc is a resource-stage mining company with a focus on copper and gold, with an option to acquire 100% of the Colpayoc Property in Peru. Colpayoc has significant, untested potential for supergene and porphyry copper-gold mineralization at depth, beneath drill holes bottoming in oxide gold-copper mineralization. Colpayoc is largely untested with limited drilling and is similar to many of the world-class porphyry copper-gold deposits within the prolific Yanacocha District. Copper Standard continues to evaluate opportunities in the mineral sector on an ongoing basis.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XCNQ:CSR has been successfully added to your 