Nevada Gold & Casinos (Nevada Gold & Casinos) Sloan Ratio % : -33.15% (As of Jan. 2019)

Nevada Gold & Casinos Sloan Ratio % Chart

Nevada Gold & Casinos Annual Data
	Trend	Apr09	Apr10	Apr11	Apr12	Apr13	Apr14	Apr15	Apr16	Apr17	Apr18
Sloan Ratio %		Get a 7-Day Free Trial					-6.22	-8.95	13.83	-7.39	-7.21

Nevada Gold & Casinos Quarterly Data
	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19
Sloan Ratio %	Get a 7-Day Free Trial															-9.66	-7.21	-8.80	-5.16	-33.15

Competitive Comparison of Nevada Gold & Casinos's Sloan Ratio %

For the Resorts & Casinos subindustry, Nevada Gold & Casinos'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.

Nevada Gold & Casinos's Sloan Ratio % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Nevada Gold & Casinos's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Nevada Gold & Casinos's Sloan Ratio % falls into.

Nevada Gold & Casinos 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.

Nevada Gold & Casinos's Sloan Ratio for the fiscal year that ended in Apr. 2018 is calculated as

Nevada Gold & Casinos's Sloan Ratio for the quarter that ended in Jan. 2019 is calculated as

Nevada Gold & Casinos's Net Income for the trailing twelve months (TTM) ended in Jan. 2019 was 0.367 (Apr. 2018 ) + -0.052 (Jul. 2018 ) + 0.539 (Oct. 2018 ) + -0.121 (Jan. 2019 ) = $0.73 Mil.
Nevada Gold & Casinos's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2019 was 2.334 (Apr. 2018 ) + 0.254 (Jul. 2018 ) + 1.749 (Oct. 2018 ) + -0.589 (Jan. 2019 ) = $3.75 Mil.
Nevada Gold & Casinos's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2019 was -1.509 (Apr. 2018 ) + 0.105 (Jul. 2018 ) + -0.005 (Oct. 2018 ) + 12.624 (Jan. 2019 ) = $11.22 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.

Nevada Gold & Casinos  (AMEX:UWN) 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 Jan. 2019, Nevada Gold & Casinos has a Sloan Ratio of -33.15%, indicating there is a warning stage of accrual build up.

Nevada Gold & Casinos Sloan Ratio % Related Terms

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Nevada Gold & Casinos (Nevada Gold & Casinos) Business Description