Sandfire Resources' Accrual Ratio Reveals Strong Cash Conversion and Future Profitability Potential

Sandfire Resources reported healthy earnings with a negative accrual ratio, indicating good cash conversion and strong free cash flow. The company's free cash flow improved over the last year, dwarfing its reported profit. The accrual ratio suggests that Sandfire Resources' earnings potential is at least as good as it seems, and maybe even better.