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 Mar. 2024, Dominion Lending Centres has a Sloan Ratio of -5.97%, indicating the company is in the safe zone and there is no funny business with accruals.
Dominion Lending Centres 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 Dominion Lending Centres's Sloan Ratio %
For the Mortgage Finance subindustry, Dominion Lending Centres'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.
Dominion Lending Centres's Sloan Ratio % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Dominion Lending Centres's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Dominion Lending Centres's Sloan Ratio % falls into.
Dominion Lending Centres 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.
Dominion Lending Centres's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Dominion Lending Centres's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -2.376 (Jun. 2023 ) + 3.895 (Sep. 2023 ) + -1.509 (Dec. 2023 ) + 1.944 (Mar. 2024 ) = $1.95 Mil.
Dominion Lending Centres's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 4.023 (Jun. 2023 ) + 6.831 (Sep. 2023 ) + 2.559 (Dec. 2023 ) + 3.758 (Mar. 2024 ) = $17.17 Mil.
Dominion Lending Centres's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -1.044 (Jun. 2023 ) + -1.143 (Sep. 2023 ) + -0.761 (Dec. 2023 ) + -2.928 (Mar. 2024 ) = $-5.88 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.
Dominion Lending Centres (OTCPK:BRLGF) 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 Mar. 2024, Dominion Lending Centres has a Sloan Ratio of -5.97%, indicating the company is in the safe zone and there is no funny business with accruals.
Dominion Lending Centres Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Dominion Lending Centres's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dominion Lending Centres (Dominion Lending Centres) Business Description
Dominion Lending Centres Inc is a mortgage brokerage franchisor and mortgage broker data connectivity provider with operations across Canada. The Group operates through Dominion Lending Centres and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc and Newton Connectivity Systems Inc. The company has two operating segments, namely, the Core Business Operations segment and the NonCore Business Asset Management segment. The company generates revenue mainly from franchising and mortgage brokerage services.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BRLGF has been successfully added to your 