What is Lincoln Educational Services 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.
As of Mar. 2024, Lincoln Educational Services has a Sloan Ratio of -1.01%, indicating the company is in the safe zone and there is no funny business with accruals.
Lincoln Educational Services Sloan Ratio % Historical Data
* 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 Lincoln Educational Services's Sloan Ratio %
For the Education & Training Services subindustry, Lincoln Educational Services'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.
Lincoln Educational Services's Sloan Ratio % Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Lincoln Educational Services's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Lincoln Educational Services's Sloan Ratio % falls into.
Lincoln Educational Services 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.
Lincoln Educational Services's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 17.25 (Jun. 2023 ) + 2.064 (Sep. 2023 ) + 6.792 (Dec. 2023 ) + -0.214 (Mar. 2024 ) = $25.9 Mil.
Lincoln Educational Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 10.617 (Jun. 2023 ) + -6.791 (Sep. 2023 ) + 21.946 (Dec. 2023 ) + -14.934 (Mar. 2024 ) = $10.8 Mil.
Lincoln Educational Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 16.072 (Jun. 2023 ) + -17.784 (Sep. 2023 ) + 12.33 (Dec. 2023 ) + 8.034 (Mar. 2024 ) = $18.7 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.
Lincoln Educational Services (NAS:LINC) 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 Mar. 2024, Lincoln Educational Services has a Sloan Ratio of -1.01%, indicating the company is in the safe zone and there is no funny business with accruals.
Lincoln Educational Services Sloan Ratio % Related Terms
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Lincoln Educational Services (Lincoln Educational Services) Business Description
Lincoln Educational Services Corp provides diversified career-oriented post-secondary education to high school graduates and working adults. The company offers programs in automotive technology, skilled trades, healthcare services, hospitality services and business and information technology. Its business is organized into three reportable business segments: Transportation and Skilled Trades, Healthcare and Other Professions (HOPS), and Transitional. It derives most of the revenue from the Transportation and Skilled Trades segment which offers academic programs mainly in the career-oriented disciplines of transportation and skilled trades such as automotive, diesel, HVAC, welding, and manufacturing.
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