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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.
Blue Sphere's Sloan Ratio for the quarter that ended in Dec. 2018 was 0.00%.
As of Dec. 2018, Blue Sphere has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Blue Sphere (OTCPK:BLSP) 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. 2018, Blue Sphere has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Blue Sphere Sloan Ratio % Related Terms
Blue Sphere Sloan Ratio % Historical Data
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The historical data trend for Blue Sphere'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.
BLSP vs PRHL, ARAO, PWCO: Sloan Ratio % Comparison
For the Utilities - Renewable subindustry, Blue Sphere'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.
Blue Sphere Sloan Ratio % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Blue Sphere's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Blue Sphere's Sloan Ratio % falls into.
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.
Blue Sphere's Sloan Ratio for the fiscal year that ended in Dec. 2018 is calculated as
Blue Sphere's Net Income for the trailing twelve months (TTM) ended in Dec. 2018 was -2.105 (Mar. 2018 ) + -5.854 (Jun. 2018 ) + -4.852 (Sep. 2018 ) + 2.368 (Dec. 2018 ) = $-10.44 Mil.
Blue Sphere's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2018 was 0.382 (Mar. 2018 ) + 0.467 (Jun. 2018 ) + 0.044 (Sep. 2018 ) + 0 (Dec. 2018 ) = $0.89 Mil.
Blue Sphere's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2018 was -0.252 (Mar. 2018 ) + -0.553 (Jun. 2018 ) + 0.128 (Sep. 2018 ) + 0 (Dec. 2018 ) = $-0.68 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.
Blue Sphere (BLSP) has a Sloan Ratio % of 0.00% as of Dec. 2018. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Blue Sphere and its competitors.
Is Blue Sphere's Sloan Ratio % too high?
Blue Sphere's current Sloan Ratio % is 0.00%.
How does Blue Sphere's Sloan Ratio % compare to PRHL and ARAO?
Blue Sphere's Sloan Ratio % of 0.00% can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Utilities - Independent Power Producers company?
A good Sloan Ratio % depends on the Utilities - Independent Power Producers industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Blue Sphere and its competitors. Blue Sphere's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Sphere stock overvalued right now?
Blue Sphere (BLSP) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Blue Sphere (BLSP), the current Sloan Ratio % is 0.00% as of Dec. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Blue Sphere Corp is an international clean-tech independent power producer that develops, owns and manages waste-to-energy facilities. It focuses on developing or acquiring projects with clean energy technologies, including waste-to-energy facilities that generate clean energy, such as electricity, natural gas, heat, soil amendment and other by-products. Geographically operates the project in the region of United States, Italy, and Israel.
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