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.
Alaska Hydro's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.
As of Dec. 2023, Alaska Hydro has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Alaska Hydro Sloan Ratio % Historical Data
The historical data trend for Alaska Hydro'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 Alaska Hydro's Sloan Ratio %
For the Utilities - Renewable subindustry, Alaska Hydro'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.
Alaska Hydro's Sloan Ratio % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Alaska Hydro's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Alaska Hydro's Sloan Ratio % falls into.
Alaska Hydro 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.
Alaska Hydro's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Alaska Hydro's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -0.002 (Mar. 2023 ) + -0.034 (Jun. 2023 ) + -0.022 (Sep. 2023 ) + -0.013 (Dec. 2023 ) = C$-0.07 Mil.
Alaska Hydro's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -0.005 (Mar. 2023 ) + -0.007 (Jun. 2023 ) + -0.011 (Sep. 2023 ) + -0.032 (Dec. 2023 ) = C$-0.06 Mil.
Alaska Hydro's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Mar. 2023 ) + 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) = C$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.
Alaska Hydro (TSXV:AKH.H) 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, Alaska Hydro has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Alaska Hydro Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Alaska Hydro's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Alaska Hydro Corp is principally engaged in the generation and sale of electricity business activities. It also involved in development, distribution, transmission, and marketing of electrical power. The company operates More Creek Hydroelectric Project with the electric generation power capacity of 306 GWh. It involved in the development of clean, renewable, and Hydroelectric power generation. It derives most of its revenues from the sale of the electricity business activities and has operations spread across Canada.
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