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.
Beasley Broadcast Group's Sloan Ratio for the quarter that ended in Dec. 2023 was -13.46%.
As of Dec. 2023, Beasley Broadcast Group has a Sloan Ratio of -13.46%, indicating there is a warning stage of accrual build up.
Beasley Broadcast Group Sloan Ratio % Historical Data
The historical data trend for Beasley Broadcast Group'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 Beasley Broadcast Group's Sloan Ratio %
For the Broadcasting subindustry, Beasley Broadcast Group'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.
Beasley Broadcast Group's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Beasley Broadcast Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Beasley Broadcast Group's Sloan Ratio % falls into.
Beasley Broadcast Group 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.
Beasley Broadcast Group's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Beasley Broadcast Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -3.537 (Mar. 2023 ) + -10.431 (Jun. 2023 ) + -67.537 (Sep. 2023 ) + 6.384 (Dec. 2023 ) = $-75.1 Mil.
Beasley Broadcast Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -2.445 (Mar. 2023 ) + 2.469 (Jun. 2023 ) + -5.029 (Sep. 2023 ) + 0.326 (Dec. 2023 ) = $-4.7 Mil.
Beasley Broadcast Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -1.169 (Mar. 2023 ) + -0.847 (Jun. 2023 ) + -0.795 (Sep. 2023 ) + 9.681 (Dec. 2023 ) = $6.9 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.
Beasley Broadcast Group (NAS:BBGI) 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, Beasley Broadcast Group has a Sloan Ratio of -13.46%, indicating there is a warning stage of accrual build up.
Beasley Broadcast Group Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Beasley Broadcast Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Beasley Broadcast Group (Beasley Broadcast Group) Business Description
Beasley Broadcast Group Inc is a multi-platform media company, whose primary business is operating radio stations throughout the United States. The Company offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company owns and operates stations in the following markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, and Wilmington, DE. The Company currently operates three operating segments Audio, Digital and esports.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BBGI has been successfully added to your 