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 Bimini Capital Management's Sloan Ratio %
For the Asset Management subindustry, Bimini Capital Management'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.
Bimini Capital Management's Sloan Ratio % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Bimini Capital Management's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bimini Capital Management's Sloan Ratio % falls into.
Bimini Capital Management 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.
Bimini Capital Management's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Bimini Capital Management's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 0.213 (Mar. 2024 ) + -0.274 (Jun. 2024 ) + 0.256 (Sep. 2024 ) + -1.502 (Dec. 2024 ) = $-1.31 Mil.
Bimini Capital Management's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was -1.024 (Mar. 2024 ) + 1.19 (Jun. 2024 ) + -1.122 (Sep. 2024 ) + 4.148 (Dec. 2024 ) = $3.19 Mil.
Bimini Capital Management's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 3.539 (Mar. 2024 ) + 2.092 (Jun. 2024 ) + -29.534 (Sep. 2024 ) + -6.584 (Dec. 2024 ) = $-30.49 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.
Bimini Capital Management (OTCPK:BMNM) 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. 2024, Bimini Capital Management has a Sloan Ratio of 16.78%, indicating there is a warning stage of accrual build up.
Bimini Capital Management Sloan Ratio % Related Terms
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Bimini Capital Management Inc is a specialty finance company that operates in two reportable segments, The asset management segment includes the investment advisory services provided by Bimini Advisors to Orchid and Royal Palm. The investment portfolio segment includes the investment activities conducted by Royal Palm. The investment portfolio segment receives revenue in the form of interest and dividend income on its investments.
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