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Meryllion Resources (XCNQ:MYR) Sloan Ratio % : 0.00% (As of Dec. 2023)


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What is Meryllion Resources 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.

Meryllion Resources's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.

Warning Sign:

When sloan ratio (-656.84)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Dec. 2023, Meryllion Resources has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Meryllion Resources Sloan Ratio % Historical Data

The historical data trend for Meryllion 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.

* Premium members only.

Meryllion Resources Sloan Ratio % Chart

Meryllion Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -57.91 80.75 -656.84

Meryllion Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Meryllion Resources's Sloan Ratio %

For the Other Industrial Metals & Mining subindustry, Meryllion 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.


Meryllion Resources's Sloan Ratio % Distribution in the Metals & Mining Industry

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

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



Meryllion 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.

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

Sloan Ratio=(Net Income (A: Sep. 2023 )-Cash Flow from Operations (A: Sep. 2023 )
-Cash Flow from Investing (A: Sep. 2023 ))/Total Assets (A: Sep. 2023 )
=(-0.759--0.124
--0.011)/0.095
=-656.84%

Meryllion Resources's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(-0.76--0.189
--0.023)/0.186
=-294.62%

Meryllion Resources's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -0.17 (Mar. 2023 ) + -0.038 (Jun. 2023 ) + -0.463 (Sep. 2023 ) + -0.089 (Dec. 2023 ) = C$-0.76 Mil.
Meryllion Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -0.056 (Mar. 2023 ) + -0.017 (Jun. 2023 ) + -0.02 (Sep. 2023 ) + -0.096 (Dec. 2023 ) = C$-0.19 Mil.
Meryllion Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + -0.023 (Dec. 2023 ) = C$-0.02 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.


Meryllion Resources  (XCNQ:MYR) 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 Dec. 2023, Meryllion Resources has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Meryllion Resources Sloan Ratio % Related Terms

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Meryllion Resources (XCNQ:MYR) Business Description

Traded in Other Exchanges
N/A
Address
800 - 885 West Georgia Street, Vancouver, BC, CAN, V6C 3H1
Meryllion Resources Corp is an exploration and development company focused on mineral exploration, mine development, and finance opportunities in Tier 1 jurisdictions, where the Company can earn interest by funding exploration. The Company is in the process of earning up to a 70% interest in the Mt Turner copper-molybdenum-gold and uranium project in north Queensland and has an option over the Oldham Range Polymetallic Project located 320kms west of Wiluna, Western Australia.
Executives
David Steinepreis 10% Security Holder, Director

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