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Rare Element Resources (Rare Element Resources) Sloan Ratio % : 0.00% (As of Mar. 2024)


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What is Rare Element Resources Sloan Ratio %?

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.

Rare Element Resources's Sloan Ratio for the quarter that ended in Mar. 2024 was 0.00%.

Warning Sign:

When sloan ratio (25.26)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Mar. 2024, Rare Element Resources has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Rare Element Resources Sloan Ratio % Historical Data

The historical data trend for Rare Element Resources'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.

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Rare Element Resources Sloan Ratio % Chart

Rare Element Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 25.26

Rare Element Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Rare Element Resources's Sloan Ratio %

For the Other Industrial Metals & Mining subindustry, Rare Element Resources'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.


Rare Element Resources's Sloan Ratio % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rare Element Resources's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Rare Element Resources's Sloan Ratio % falls into.



Rare Element Resources 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.

Rare Element Resources's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(-8.996--11.706
--0.004)/10.744
=25.26%

Rare Element Resources's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2024 )
=(-10.4--10.947
--0.016)/42.685
=1.32%

Rare Element Resources's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -2.744 (Jun. 2023 ) + -3.126 (Sep. 2023 ) + -0.904 (Dec. 2023 ) + -3.626 (Mar. 2024 ) = $-10.40 Mil.
Rare Element Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -2.529 (Jun. 2023 ) + -4.694 (Sep. 2023 ) + -2.94 (Dec. 2023 ) + -0.784 (Mar. 2024 ) = $-10.95 Mil.
Rare Element Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -0.016 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = $-0.02 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.


Rare Element Resources  (OTCPK:REEMF) 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 Mar. 2024, Rare Element Resources has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Rare Element Resources Sloan Ratio % Related Terms

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Rare Element Resources (Rare Element Resources) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 271049, Littleton, CO, USA, 80127
Rare Element Resources Ltd is a mineral resource company. It focuses on the exploration and development of rare-earth element deposits that carry a favorable distribution of critical rare earth. The company is advancing the development of the 100% owned Bear Lodge REE Project, located in northeast Wyoming.
Executives
Paul Joseph Hickey director 803 MYLAR PARK DRIVE, CHEYENNE WY 82009
Brent Berg officer: President and CEO 9384 EAST DIANNA DRIVE, GOLD CANYON AZ 85118
Nicole J. Champine director 7800 EAST DORADO PLACE, GREENWOOD VILLAGE CO 80111
Wayne Rich officer: Chief Financial Officer 600 SEVENTEENTH STREET, SUITE 2800 SOUTH, DENVER CO 80202
Lowell A Shonk director 225 UNION BLVD, SUITE 250, LAKEWOOD CO 80228
Randall John Scott officer: President and CEO C/O RARE ELEMENT RESOURCES LTD., 225 UNION BLVD SUITE 250, LAKEWOOD CO 80228
Paul John Schlauch director C/O RARE ELEMENT RESOURCES LTD., 225 UNION BLVD SUITE 250, LAKEWOOD CO 80228
Gerald W Grandey director 225 UNION BLVD, SUITE 250, LAKEWOOD CO 80228
Barton S Brundage director 11700 PINE CANYON POINT, PARKER CO 80138
Kenneth J. Mushinski director 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121
David I Roberts director 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121
General Atomic Technologies Corp 10 percent owner
Tenaya Corp 10 percent owner 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121
Ynchron 10 percent owner 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121
Norman William Burmeister director C/O RARE ELEMENT RESOURCES LTD., 255 UNION BLVD SUITE 250, LAKEWOOD CO 80228

Rare Element Resources (Rare Element Resources) Headlines