3R Petroleum Oleo E Gas (BSP:RRRP3) Sloan Ratio % : 39.84% (As of Dec. 2023)

3R Petroleum Oleo E Gas Sloan Ratio % Chart

3R Petroleum Oleo E Gas Quarterly Data
	Dec17	Dec18	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														5.22	12.25	48.78	44.19	39.84

Competitive Comparison of 3R Petroleum Oleo E Gas's Sloan Ratio %

For the Oil & Gas E&P subindustry, 3R Petroleum Oleo E Gas'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.

3R Petroleum Oleo E Gas's Sloan Ratio % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, 3R Petroleum Oleo E Gas's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where 3R Petroleum Oleo E Gas's Sloan Ratio % falls into.

3R Petroleum Oleo E Gas 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.

3R Petroleum Oleo E Gas's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

3R Petroleum Oleo E Gas's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

3R Petroleum Oleo E Gas's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 12.691 (Mar. 2023 ) + 77.016 (Jun. 2023 ) + -83.488 (Sep. 2023 ) + 399.015 (Dec. 2023 ) = R$405 Mil.
3R Petroleum Oleo E Gas's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 48.113 (Mar. 2023 ) + -102.704 (Jun. 2023 ) + 451.756 (Sep. 2023 ) + 611.533 (Dec. 2023 ) = R$1,009 Mil.
3R Petroleum Oleo E Gas's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -138.359 (Mar. 2023 ) + -7981.002 (Jun. 2023 ) + -358.088 (Sep. 2023 ) + -141.296 (Dec. 2023 ) = R$-8,619 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.

3R Petroleum Oleo E Gas  (BSP:RRRP3) 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, 3R Petroleum Oleo E Gas has a Sloan Ratio of 39.84%, indicating earnings are more likely to be made up of accruals.

3R Petroleum Oleo E Gas Sloan Ratio % Related Terms

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3R Petroleum Oleo E Gas (BSP:RRRP3) Business Description