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.
Glacier Media's Sloan Ratio for the quarter that ended in Dec. 2023 was -52.96%.
Warning Sign:
When sloan ratio (-52.97)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Dec. 2023, Glacier Media has a Sloan Ratio of -52.96%, indicating earnings are more likely to be made up of accruals.
Glacier Media Sloan Ratio % Historical Data
The historical data trend for Glacier Media'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 Glacier Media's Sloan Ratio %
For the Publishing subindustry, Glacier Media'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.
Glacier Media's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Glacier Media's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Glacier Media's Sloan Ratio % falls into.
Glacier Media 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.
Glacier Media's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Glacier Media's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -3.813 (Mar. 2023 ) + -6.161 (Jun. 2023 ) + -3.108 (Sep. 2023 ) + -60.854 (Dec. 2023 ) = $-73.9 Mil.
Glacier Media's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -0.398 (Mar. 2023 ) + -2.691 (Jun. 2023 ) + -0.224 (Sep. 2023 ) + -1.952 (Dec. 2023 ) = $-5.3 Mil.
Glacier Media's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -0.819 (Mar. 2023 ) + 2.473 (Jun. 2023 ) + -0.18 (Sep. 2023 ) + -2.169 (Dec. 2023 ) = $-0.7 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.
Glacier Media (OTCPK:GLMFF) 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, Glacier Media has a Sloan Ratio of -52.96%, indicating earnings are more likely to be made up of accruals.
Glacier Media Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Glacier Media's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Glacier Media (Glacier Media) Business Description
Glacier Media Inc offers information and marketing solutions. It operates in three segments Environmental, Property and Financial Information; Commodity Information; and Community Media. Environmental, Property and Financial Information includes the company's business-to-business content, marketing solutions and data information products that are environmental, and property-related. Commodity Information includes business-to-business content, marketing solutions, and data information products that are agriculture, energy and mining-related. The Community media segment includes the company's community media assets and related digital and printing operations. It has a business presence in the US and Canada and derives most of its revenue from the Community Media segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GLMFF has been successfully added to your 