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.
Uranium Energy's Sloan Ratio for the quarter that ended in Jan. 2024 was 9.91%.
As of Jan. 2024, Uranium Energy has a Sloan Ratio of 9.91%, indicating the company is in the safe zone and there is no funny business with accruals.
Uranium Energy Sloan Ratio % Historical Data
The historical data trend for Uranium 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.
Competitive Comparison of Uranium Energy's Sloan Ratio %
For the Uranium subindustry, Uranium 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.
Uranium Energy's Sloan Ratio % Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Uranium Energy's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Uranium Energy's Sloan Ratio % falls into.
Uranium 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.
Uranium Energy's Sloan Ratio for the fiscal year that ended in Jul. 2023 is calculated as
Uranium Energy's Net Income for the trailing twelve months (TTM) ended in Jan. 2024 was -10.96 (Apr. 2023 ) + 0.517 (Jul. 2023 ) + 3.321 (Oct. 2023 ) + 2.25 (Jan. 2024 ) = $-4.87 Mil.
Uranium Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2024 was -9.793 (Apr. 2023 ) + 28.795 (Jul. 2023 ) + -45.727 (Oct. 2023 ) + -35.683 (Jan. 2024 ) = $-62.41 Mil.
Uranium Energy's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2024 was -15.948 (Apr. 2023 ) + -1.447 (Jul. 2023 ) + -5.482 (Oct. 2023 ) + -6.707 (Jan. 2024 ) = $-29.58 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.
Uranium Energy (AMEX:UEC) 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 Jan. 2024, Uranium Energy has a Sloan Ratio of 9.91%, indicating the company is in the safe zone and there is no funny business with accruals.
Uranium Energy Sloan Ratio % Related Terms
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Uranium Energy (Uranium Energy) Business Description
Uranium Energy Corp is engaged in uranium mining and related activities. The company is working towards fueling the global demand for carbon-free nuclear energy, a key solution to climate change, and energy source for the low-carbon future. UEC is a pure-play uranium company and is advancing its next generation of low-cost, environmentally friendly, in-situ recovery (ISR) mining uranium projects. It has two extraction-ready ISR hub and spoke platforms in South Texas and Wyoming. UEC also has seven U.S. ISR uranium projects with all of their major permits in place, with additional diversified holdings of uranium assets across the U.S., Canada and Paraguay.
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