Hi-View Resources (XCNQ:HVW) Sloan Ratio % : -11.06% (As of Mar. 2024)

Hi-View Resources Sloan Ratio % Chart

Hi-View Resources Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Sloan Ratio %	Get a 7-Day Free Trial						-	12.95	-9.60	-13.58	-11.06

Competitive Comparison of Hi-View Resources's Sloan Ratio %

For the Other Industrial Metals & Mining subindustry, Hi-View 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.

Hi-View Resources's Sloan Ratio % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hi-View Resources's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Hi-View Resources's Sloan Ratio % falls into.

Hi-View 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.

Hi-View Resources's Sloan Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Hi-View Resources's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Hi-View Resources's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -0.107 (Jun. 2023 ) + -0.275 (Sep. 2023 ) + -0.05 (Dec. 2023 ) + -0.036 (Mar. 2024 ) = C$-0.47 Mil.
Hi-View Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -0.153 (Jun. 2023 ) + -0.06 (Sep. 2023 ) + 0.001 (Dec. 2023 ) + -0.009 (Mar. 2024 ) = C$-0.22 Mil.
Hi-View Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -0.051 (Jun. 2023 ) + -0.046 (Sep. 2023 ) + -0.022 (Dec. 2023 ) + -0.001 (Mar. 2024 ) = C$-0.12 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.

Hi-View Resources  (XCNQ:HVW) 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 Mar. 2024, Hi-View Resources has a Sloan Ratio of -11.06%, indicating there is a warning stage of accrual build up.

Hi-View Resources Sloan Ratio % Related Terms

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Hi-View Resources (XCNQ:HVW) Business Description