What is United States Lime & Minerals 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.
As of Dec. 2023, United States Lime & Minerals has a Sloan Ratio of 3.24%, indicating the company is in the safe zone and there is no funny business with accruals.
United States Lime & Minerals 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 United States Lime & Minerals's Sloan Ratio %
For the Building Materials subindustry, United States Lime & Minerals'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.
United States Lime & Minerals's Sloan Ratio % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, United States Lime & Minerals's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where United States Lime & Minerals's Sloan Ratio % falls into.
United States Lime & Minerals 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.
United States Lime & Minerals's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 17.104 (Mar. 2023 ) + 19.712 (Jun. 2023 ) + 20.733 (Sep. 2023 ) + 17 (Dec. 2023 ) = $74.5 Mil.
United States Lime & Minerals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 20.644 (Mar. 2023 ) + 19.629 (Jun. 2023 ) + 24.409 (Sep. 2023 ) + 27.577 (Dec. 2023 ) = $92.3 Mil.
United States Lime & Minerals's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -5.331 (Mar. 2023 ) + -9.867 (Jun. 2023 ) + -3.163 (Sep. 2023 ) + -13.603 (Dec. 2023 ) = $-32.0 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.
United States Lime & Minerals (NAS:USLM) 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 Dec. 2023, United States Lime & Minerals has a Sloan Ratio of 3.24%, indicating the company is in the safe zone and there is no funny business with accruals.
United States Lime & Minerals Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of United States Lime & Minerals's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
United States Lime & Minerals (United States Lime & Minerals) Business Description
United States Lime & Minerals Inc is engaged in the business of manufacturing lime and limestone products including PLS, quicklime, hydrated lime, and lime slurry. It supplies primarily to the construction (including highway, road, and building contractors), industrial (including paper and glass manufacturers), environmental (including municipal sanitation and water treatment facilities and flue gas treatment processes), metals (including steel producers), oil and gas services, roof shingle manufacturers and agriculture (including poultry and cattle feed producers) industries. The company operates lime and limestone plants and distribution facilities in Arkansas, Colorado, Louisiana, Missouri, Oklahoma, and Texas.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
USLM has been successfully added to your 