Nnk-Varyoganneftegaz PJSC (MIC:VJGZ) Sloan Ratio % : -7.01% (As of Jun. 2023)

Nnk-Varyoganneftegaz PJSC Sloan Ratio % Chart

Nnk-Varyoganneftegaz PJSC Annual Data
	Trend	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Sloan Ratio %		Get a 7-Day Free Trial					6.45	2.46	1.40	5.77	-0.22

Nnk-Varyoganneftegaz PJSC Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun22	Jun23
Sloan Ratio %	Get a 7-Day Free Trial															-	-	-	-	-7.01

Competitive Comparison of Nnk-Varyoganneftegaz PJSC's Sloan Ratio %

For the Oil & Gas E&P subindustry, Nnk-Varyoganneftegaz PJSC'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.

Nnk-Varyoganneftegaz PJSC's Sloan Ratio % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Nnk-Varyoganneftegaz PJSC's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Nnk-Varyoganneftegaz PJSC's Sloan Ratio % falls into.

Nnk-Varyoganneftegaz PJSC 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.

Nnk-Varyoganneftegaz PJSC's Sloan Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Nnk-Varyoganneftegaz PJSC's Sloan Ratio for the quarter that ended in Jun. 2023 is calculated as

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Nnk-Varyoganneftegaz PJSC's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was -95.612 (Jun. 2022 ) + 9207.222 (Jun. 2023 ) = ₽9,112 Mil.
Nnk-Varyoganneftegaz PJSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was 4893.55 (Jun. 2022 ) + 11080.897 (Jun. 2023 ) = ₽15,974 Mil.
Nnk-Varyoganneftegaz PJSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was -5620.301 (Jun. 2022 ) + 6855.481 (Jun. 2023 ) = ₽1,235 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.

Nnk-Varyoganneftegaz PJSC  (MIC:VJGZ) 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 Jun. 2023, Nnk-Varyoganneftegaz PJSC has a Sloan Ratio of -7.01%, indicating the company is in the safe zone and there is no funny business with accruals.

Nnk-Varyoganneftegaz PJSC Sloan Ratio % Related Terms

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Nnk-Varyoganneftegaz PJSC (MIC:VJGZ) Business Description