What is Bravo Brio Restaurant Group 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.
* 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 Bravo Brio Restaurant Group's Sloan Ratio %
For the Restaurants subindustry, Bravo Brio Restaurant 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.
Bravo Brio Restaurant Group's Sloan Ratio % Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Bravo Brio Restaurant Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bravo Brio Restaurant Group's Sloan Ratio % falls into.
Bravo Brio Restaurant 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.
Bravo Brio Restaurant Group's Net Income for the trailing twelve months (TTM) ended in Mar. 2018 was 1.946 (Jun. 2017 ) + -2.472 (Sep. 2017 ) + -9.793 (Dec. 2017 ) + -5.072 (Mar. 2018 ) = $-15.4 Mil.
Bravo Brio Restaurant Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2018 was 4.763 (Jun. 2017 ) + -1.186 (Sep. 2017 ) + 6.289 (Dec. 2017 ) + -0.879 (Mar. 2018 ) = $9.0 Mil.
Bravo Brio Restaurant Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2018 was -2.768 (Jun. 2017 ) + -3.228 (Sep. 2017 ) + -1.389 (Dec. 2017 ) + -0.864 (Mar. 2018 ) = $-8.2 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.
Bravo Brio Restaurant Group (NAS:BBRG) 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. 2018, Bravo Brio Restaurant Group has a Sloan Ratio of -12.05%, indicating there is a warning stage of accrual build up.
Bravo Brio Restaurant Group Sloan Ratio % Related Terms
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Bravo Brio Restaurant Group (Bravo Brio Restaurant Group) Business Description
Bravo Brio Restaurant Group, Inc. is in the restaurant business. It has only one reportable segment that is Upscale Affordable Dining segment. The company owns and operates two distinct Italian restaurant brands, BRAVO! Cucina Italiana and BRIO Tuscan Grille. The company also operates one full-service upscale affordable American-French bistro restaurant in Columbus, Ohio under the brand Bon Vie. The company currently operates nearly 51 Bravo! Cucina Italiana restaurants, nearly 65 Brio Tuscan Grille restaurants, and one Bon Vie restaurant in nearly 33 states throughout the United States of America.
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