What is Blonder Tongue Laboratories 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 Blonder Tongue Laboratories's Sloan Ratio %
For the Communication Equipment subindustry, Blonder Tongue Laboratories'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.
Blonder Tongue Laboratories's Sloan Ratio % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Blonder Tongue Laboratories's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Blonder Tongue Laboratories's Sloan Ratio % falls into.
Blonder Tongue Laboratories 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.
Blonder Tongue Laboratories's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was -0.338 (Sep. 2023 ) + -0.547 (Dec. 2023 ) + -0.24 (Mar. 2024 ) + -0.098 (Jun. 2024 ) = $-1.22 Mil.
Blonder Tongue Laboratories's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 0.014 (Sep. 2023 ) + 0.867 (Dec. 2023 ) + 0.127 (Mar. 2024 ) + 0.661 (Jun. 2024 ) = $1.67 Mil.
Blonder Tongue Laboratories's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -0.006 (Sep. 2023 ) + -0.645 (Dec. 2023 ) + -0.004 (Mar. 2024 ) + -0.005 (Jun. 2024 ) = $-0.66 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.
Blonder Tongue Laboratories (OTCPK:BDRL) 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 Jun. 2024, Blonder Tongue Laboratories has a Sloan Ratio of -20.94%, indicating earnings are more likely to be made up of accruals.
Blonder Tongue Laboratories Sloan Ratio % Related Terms
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Blonder Tongue Laboratories Inc is a technology development and manufacturing company that provides television signal encoding, transcoding, digital transport, and broadband product solutions in the United States. The company serves the multi-dwelling unit market, the lodging/hospitality market, and the institutional market, including hospitals, prisons, and schools, throughout the United States and Canada. The Company's revenues are derived from customers in the continental United States; it also derives some revenues from customers in other geographical markets like Canada and to a more limited extent, in developing countries.
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