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.
Astra Energy's Sloan Ratio for the quarter that ended in Feb. 2024 was 0.00%.
As of Feb. 2024, Astra Energy has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Astra Energy Sloan Ratio % Historical Data
The historical data trend for Astra 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 Astra Energy's Sloan Ratio %
For the Utilities - Renewable subindustry, Astra 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.
Astra Energy's Sloan Ratio % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Astra Energy's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Astra Energy's Sloan Ratio % falls into.
Astra 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.
Astra Energy's Sloan Ratio for the fiscal year that ended in Aug. 2023 is calculated as
Astra Energy's Net Income for the trailing twelve months (TTM) ended in Feb. 2024 was -0.222 (May. 2023 ) + -7.556 (Aug. 2023 ) + -0.316 (Nov. 2023 ) + -0.396 (Feb. 2024 ) = $-8.49 Mil.
Astra Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2024 was -0.041 (May. 2023 ) + 0.026 (Aug. 2023 ) + -0.009 (Nov. 2023 ) + -0.012 (Feb. 2024 ) = $-0.04 Mil.
Astra Energy's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2024 was 0 (May. 2023 ) + 0 (Aug. 2023 ) + 0 (Nov. 2023 ) + 0 (Feb. 2024 ) = $0.00 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.
Astra Energy (OTCPK:ASRE) 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 Feb. 2024, Astra Energy has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Astra Energy Sloan Ratio % Related Terms
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Astra Energy Inc is engaged in waste management industry and the electricity and power generation sectors with a focus on energy production from solar, waste conversion and clean burning fuels. The company invests in and develops renewable and clean energy projects in markets where demand is high, supply is limited and there is an opportunity to address other imminent market needs, while also cultivating a portfolio of intellectual property and licenses for renewable energy technology and generating projects to deploy that technology. Its projects include Zanzibar Clean and Renewable Energy Park, 350 Megawatt Combined Cycle Power Plant and others.
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