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Great Plains Energy (Great Plains Energy) Sloan Ratio % : -2.09% (As of Mar. 2018)


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What is Great Plains Energy 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.

Great Plains Energy's Sloan Ratio for the quarter that ended in Mar. 2018 was -2.09%.

As of Mar. 2018, Great Plains Energy has a Sloan Ratio of -2.09%, indicating the company is in the safe zone and there is no funny business with accruals.


Great Plains Energy Sloan Ratio % Historical Data

The historical data trend for Great Plains Energy'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.

Great Plains Energy Sloan Ratio % Chart

Great Plains Energy Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.83 3.10 1.81 8.77 -10.33

Great Plains Energy Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
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 0.96 0.33 -0.27 -10.33 -2.09

Competitive Comparison of Great Plains Energy's Sloan Ratio %

For the Utilities - Regulated Electric subindustry, Great Plains Energy'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.


Great Plains Energy's Sloan Ratio % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Great Plains Energy's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Great Plains Energy's Sloan Ratio % falls into.



Great Plains Energy 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.

Great Plains Energy's Sloan Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2017 )-Cash Flow from Operations (A: Dec. 2017 )
-Cash Flow from Investing (A: Dec. 2017 ))/Total Assets (A: Dec. 2017 )
=(-106.2-810.5
-370.2)/12457.9
=-10.33%

Great Plains Energy's Sloan Ratio for the quarter that ended in Mar. 2018 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2018 )
=(-61.6-836.4
--638.3)/12448.4
=-2.09%

Great Plains Energy's Net Income for the trailing twelve months (TTM) ended in Mar. 2018 was -7 (Jun. 2017 ) + 10.5 (Sep. 2017 ) + -100.1 (Dec. 2017 ) + 35 (Mar. 2018 ) = $-61.60 Mil.
Great Plains Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2018 was 194 (Jun. 2017 ) + 368.1 (Sep. 2017 ) + 160.8 (Dec. 2017 ) + 113.5 (Mar. 2018 ) = $836.40 Mil.
Great Plains Energy's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2018 was -140 (Jun. 2017 ) + -159.3 (Sep. 2017 ) + -199 (Dec. 2017 ) + -140 (Mar. 2018 ) = $-638.30 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.


Great Plains Energy  (NYSE:GXPPRECL.PFD) 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. 2018, Great Plains Energy has a Sloan Ratio of -2.09%, indicating the company is in the safe zone and there is no funny business with accruals.


Great Plains Energy Sloan Ratio % Related Terms

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Great Plains Energy (Great Plains Energy) Business Description

Traded in Other Exchanges
N/A
Address
Great Plains Energy is the holding company of Kansas City Power & Light and Greater Missouri Operations. The two regulated utilities provide electric service to roughly 900,000 customers in the Kansas City area and nearby western Missouri and eastern Kansas. The company has about 6.5 gigawatts of generating capacity. More than 80% of its electricity generation is from coal-fired plants, approximately 15% comes from its co-owned Wolf Creek nuclear plant, and the remainder is from gas, oil, and wind farms.

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