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.
As of Mar. 2015, Golden River Resources has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Golden River Resources Sloan Ratio % Historical Data
* 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 Golden River Resources's Sloan Ratio %
For the Gold subindustry, Golden River 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.
Golden River Resources's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Golden River Resources's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Golden River Resources's Sloan Ratio % falls into.
Golden River 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.
Golden River Resources's Sloan Ratio for the fiscal year that ended in Jun. 2014 is calculated as
Golden River Resources's Net Income for the trailing twelve months (TTM) ended in Mar. 2015 was 0.008 (Jun. 2014 ) + -0.157 (Sep. 2014 ) + -0.023 (Dec. 2014 ) + -0.017 (Mar. 2015 ) = $-0.19 Mil.
Golden River Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2015 was -0.116 (Jun. 2014 ) + 0.123 (Sep. 2014 ) + -0.029 (Dec. 2014 ) + 0.017 (Mar. 2015 ) = $-0.01 Mil.
Golden River Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2015 was 0 (Jun. 2014 ) + 0 (Sep. 2014 ) + 0 (Dec. 2014 ) + 0 (Mar. 2015 ) = $0.00 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.
Golden River Resources (GREY:GORV) 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 Mar. 2015, Golden River Resources has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Golden River Resources Sloan Ratio % Related Terms
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Golden River Resources (Golden River Resources) Business Description
Golden River Resources Corp is an Australia-based exploration stage mining company. It is primarily engaged in the identification, acquisition, exploration, and development of mining prospects. Its exploration work is subject to the Mining Land Use Regulations of the Indian and Northern Affairs Canada Mining Act. The company generally explores gold. It holds interests in the mineral claims in Nova Scotia and Nunavut, Canada which is in the Slave Craton and in the Committee Bay Greenstone Belt.
Golden River Resources (Golden River Resources) Headlines
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