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Helmerich & Payne Sloan Ratio %

: -3.24% (As of Mar. 2022)
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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.

Helmerich & Payne's Sloan Ratio for the quarter that ended in Mar. 2022 was -3.24%.

As of Mar. 2022, Helmerich & Payne has a Sloan Ratio of -3.24%, indicating the company is in the safe zone and there is no funny business with accruals.


Helmerich & Payne Sloan Ratio % Historical Data

The historical data trend for Helmerich & Payne'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.

Helmerich & Payne Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Sloan Ratio %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.85 6.39 -7.99 -19.58 -5.97

Helmerich & Payne Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Sloan Ratio % 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 Premium Member Only Premium Member Only Premium Member Only -12.20 -8.18 -5.97 -7.24 -3.24

Competitive Comparison

For the Oil & Gas Drilling subindustry, Helmerich & Payne'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.

   

Helmerich & Payne Sloan Ratio % Distribution

For the Oil & Gas industry and Energy sector, Helmerich & Payne's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Helmerich & Payne's Sloan Ratio % falls into.



Helmerich & Payne 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.

Helmerich & Payne's Sloan Ratio for the fiscal year that ended in Sep. 2021 is calculated as

Sloan Ratio=(Net Income (A: Sep. 2021 )-Cash Flow from Operations (A: Sep. 2021 )
-Cash Flow from Investing (A: Sep. 2021 ))/Total Assets (A: Sep. 2021 )
=(-326.15-136.44
--161.994)/5034.128
=-5.97%

Helmerich & Payne's Sloan Ratio for the quarter that ended in Mar. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2022 )
=(-191.054-96.534
--147)/4334.35
=-3.24%

Helmerich & Payne's Net Income for the trailing twelve months (TTM) ended in Mar. 2022 was -55.555 (Jun. 2021 ) + -79.161 (Sep. 2021 ) + -51.362 (Dec. 2021 ) + -4.976 (Mar. 2022 ) = $-191 Mil.
Helmerich & Payne's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2022 was 31.019 (Jun. 2021 ) + 46.619 (Sep. 2021 ) + -3.718 (Dec. 2021 ) + 22.614 (Mar. 2022 ) = $97 Mil.
Helmerich & Payne's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2022 was -59.437 (Jun. 2021 ) + -42.242 (Sep. 2021 ) + -44.729 (Dec. 2021 ) + -0.592 (Mar. 2022 ) = $-147 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.


Helmerich & Payne  (NYSE:HP) 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. 2022, Helmerich & Payne has a Sloan Ratio of -3.24%, indicating the company is in the safe zone and there is no funny business with accruals.


Helmerich & Payne Sloan Ratio % Related Terms

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Helmerich & Payne Business Description

Helmerich & Payne logo
Industry
Energy » Oil & Gas NAICS : 213111 SIC : 1381
Traded in Other Exchanges
Address
1437 South Boulder Avenue, Suite 1400, Tulsa, OK, USA, 74119
Helmerich & Payne has the largest fleet of U.S. land drilling rigs. The company's FlexRig line is the leading choice to drill horizontal wells for production of U.S. tight oil and gas. H&P is present in nearly every major U.S. shale play and also has a small presence internationally.
Executives
Adams Raymond John Iii officer: VP Digital Ops Marketing Sales 1437 S. BOULDER AVE. SUITE 1400 TULSA OK 74119
Smith Mark W. officer: Senior VP and CFO 15835 PARK TEN PLACE DRIVE HOUSTON TX 77084
Mas Jose Ramon director 800 DOUGLAS ROAD, 12TH FLOOR CORAL GABLES FL 33134
Rust Edward B Jr director MCGRAW-HILL COMPANIES 1221 AVENUE OF THE AMERICAS NEW YORK NY 10020
Bellinger Delaney Murchison director 524 E. 24TH STREET HOUSTON TX 77008
Cramton Kevin G. director 502 SAINT DAVIDS AVENUE WAYNE PA 19087
Petrie Thomas A. director 1437 S. BOULDER AVE., SUITE 1400 TULSA OK 74119
Helmerich Hans director C/O CIIRMAREX ENERGY CO 707 17TH ST. #3300 DENVER CO 80202-3404
Zeglis John D director 7277 164TH AVE NE BLDG1 REDMOND WA 98052
Foutch Randy A director 15 W. SIXTH STREET SUITE, 1800 TULSA OK 74119
Robillard Donald F Jr director 1437 S. BOULDER AVE. TULSA OK 74119
Vandeweghe Mary M director 1601 W. DIEHL ROAD NAPERVILLE IL 60563
Benson Todd Willard officer: President of H&P Technologies 1437 S. BOULDER AVENUE SUITE 1400 TULSA OK 74119
Bell John R. officer: VP, Drilling Subsidiary 1437 S. BOULDER AVE. TULSA OK 74119
Lennox Michael officer: VP, Drilling Subsidiary 1437 S. BOULDER AVE., SUITE 140 TULSA OK 74119

Helmerich & Payne Headlines

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