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Zillow Group (Zillow Group) Sloan Ratio %

: -8.07% (As of Dec. 2023)
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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.

Zillow Group's Sloan Ratio for the quarter that ended in Dec. 2023 was -8.07%.

As of Dec. 2023, Zillow Group has a Sloan Ratio of -8.07%, indicating the company is in the safe zone and there is no funny business with accruals.


Zillow Group Sloan Ratio % Historical Data

The historical data trend for Zillow 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.

* Premium members only.

Zillow Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.44 6.04 14.60 -46.81 -8.07

Zillow Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Sloan Ratio % 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 Premium Member Only Premium Member Only Premium Member Only -46.81 -4.19 -1.65 -6.58 -8.07

Competitive Comparison

For the Internet Content & Information subindustry, Zillow 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.


Zillow Group Sloan Ratio % Distribution

For the Interactive Media industry and Communication Services sector, Zillow Group's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Zillow Group's Sloan Ratio % falls into.



Zillow 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.

Zillow Group'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 )
=(-158-354
-25)/6652
=-8.07%

Zillow Group's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(-158-354
-25)/6652
=-8.07%

Zillow Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -22 (Mar. 2023 ) + -35 (Jun. 2023 ) + -28 (Sep. 2023 ) + -73 (Dec. 2023 ) = $-158 Mil.
Zillow Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 93 (Mar. 2023 ) + 100 (Jun. 2023 ) + 75 (Sep. 2023 ) + 86 (Dec. 2023 ) = $354 Mil.
Zillow Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -97 (Mar. 2023 ) + 181 (Jun. 2023 ) + 255 (Sep. 2023 ) + -314 (Dec. 2023 ) = $25 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.


Zillow Group  (NAS:Z) 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 Dec. 2023, Zillow Group has a Sloan Ratio of -8.07%, indicating the company is in the safe zone and there is no funny business with accruals.


Zillow Group Sloan Ratio % Related Terms

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Zillow Group (Zillow Group) Business Description

Address
1301 Second Avenue, Floor 31, Seattle, WA, USA, 98101
Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group operates in three segments namely the Internet, Media & Technology (IMT) segment, the Mortgages segment, and the Homes segment.
Executives
Jennifer Rock officer: Interim CFO 1301 SECOND AVENUE FLOOR 31, SEATTLE WA 98070
Susan Daimler officer: President of Zillow C/O PUBMATIC, INC., 3 LAGOON DRIVE, SUITE 180, REDWOOD CITY CA 94065
Jeremy Hofmann officer: Chief Financial Officer 1301 SECOND AVENUE, FLOOR 31, SEATTLE WA 98101
Dan Spaulding officer: Chief People Officer 1301 SECOND AVE, FL 31, SEATTLE WA 98101
Bradley D. Owens officer: General Counsel 1301 SECOND AVE, FL 31, SEATTLE WA 98101
Erik C Blachford director C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE, FLOOR 31, SEATTLE WA 98101
Jeremy Wacksman officer: Chief Marketing Officer C/O ZILLOW GROUP, INC, 1301 SECOND AVENUE FLOOR 31, SEATTLE WA 98101
Errol G Samuelson officer: Chief Industry Dev. Officer C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE FLOOR 31, SEATTLE WA 98101
David A. Beitel officer: Chief Technology Officer C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE, FLOOR 31, SEATTLE WA 98101
Allen Parker officer: Chief Financial Officer 1301 SECOND AVENUE, FLOOR 31, SEATTLE WA 98101
Jay C Hoag director 250 MIDDLEFIELD ROAD, MENLO PARK CA 94025
Arik Prawer officer: Pres. Homes Div./Co-Head IO C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE FLOOR 31, SEATTLE WA 98070
Stanley B Humphries officer: Chief Analytics Officer C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE FLOOR 31, SEATTLE WA 98101
Aimee Johnson officer: Chief Marketing Officer 1301 2ND AVE FLOOR 31, SEATTLE WA 98101
Lloyd D Frink director, officer: Vice Chairman & President C/O ZILLOW GROUP, INC., 1301 SECOND AVENUE, FLOOR 31, SEATTLE WA 98101