Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Body and Mind's Sloan Ratio for the quarter that ended in Apr. 2024 was -115.08%.
As of Apr. 2024, Body and Mind has a Sloan Ratio of -115.08%, indicating earnings are more likely to be made up of accruals.
Body and Mind (OTCPK:BMMJ) 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 Apr. 2024, Body and Mind has a Sloan Ratio of -115.08%, indicating earnings are more likely to be made up of accruals.
Body and Mind Sloan Ratio % Related Terms
Body and Mind Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Body and Mind'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.
BMMJ vs AKAN, OWPC, PTPI: Sloan Ratio % Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Body and Mind'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.
Body and Mind Sloan Ratio % vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Body and Mind's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Body and Mind'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.
Body and Mind's Sloan Ratio for the fiscal year that ended in Jul. 2023 is calculated as
Body and Mind's Net Income for the trailing twelve months (TTM) ended in Apr. 2024 was -11.367 (Jul. 2023 ) + 0.084 (Oct. 2023 ) + -0.254 (Jan. 2024 ) + -2.597 (Apr. 2024 ) = $-14.13 Mil.
Body and Mind's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2024 was -1.948 (Jul. 2023 ) + -1.118 (Oct. 2023 ) + 0.22 (Jan. 2024 ) + -1.35 (Apr. 2024 ) = $-4.20 Mil.
Body and Mind's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2024 was 0.158 (Jul. 2023 ) + 8.039 (Oct. 2023 ) + 0.454 (Jan. 2024 ) + 0.039 (Apr. 2024 ) = $8.69 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.
Body and Mind (BMMJ) has a Sloan Ratio % of -115.08% as of Apr. 2024. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Body and Mind and its competitors.
Is Body and Mind's Sloan Ratio % too high?
Body and Mind's current Sloan Ratio % is -115.08%. Overall, Body and Mind has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Body and Mind's Sloan Ratio % compare to AKAN and OWPC?
Body and Mind's Sloan Ratio % of -115.08% can be compared against companies in the Drug Manufacturers 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 a Drug Manufacturers company?
A good Sloan Ratio % depends on the Drug Manufacturers 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 Body and Mind and its competitors. Body and Mind's current Sloan Ratio % is -115.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Body and Mind stock overvalued right now?
Body and Mind (BMMJ) has a current Sloan Ratio % of -115.08%. The current Sloan Ratio % is -115.08%. Body and Mind's overall GF Score™ is 14/100. 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 Body and Mind (BMMJ), the current Sloan Ratio % is -115.08% as of Apr. 2024. 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.
Body and Mind Inc is a multi-state cannabis operator, which has retail, distribution, cultivation, and/or processing operations in Nevada, California, Arkansas, Ohio and Illinois. It has developed the marquis lifestyle Body and Mind brand in Nevada with penetration into dispensaries and has expanded its brand and products to dispensaries in California. The Body and Mind brand appeals to a wide range of cannabis consumers with products including flowers, oils, extracts (wax, live resin, ambrosia), and edibles. The Company Operates in Three segments; Wholesale, Retail, and All others. The Majority of revenue is derived from the Retail segment.
14GF Score
Get the complete analysis for BMMJ
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BMMJ has been successfully added to your 
