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.
Bloomsbury Publishing's Sloan Ratio for the quarter that ended in Aug. 2024 was 12.51%.
As of Aug. 2024, Bloomsbury Publishing has a Sloan Ratio of 12.51%, indicating there is a warning stage of accrual build up.
Bloomsbury Publishing Sloan Ratio % Historical Data
The historical data trend for Bloomsbury Publishing'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.
Competitive Comparison of Bloomsbury Publishing's Sloan Ratio %
For the Publishing subindustry, Bloomsbury Publishing'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.
Bloomsbury Publishing's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Bloomsbury Publishing's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bloomsbury Publishing'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.
Bloomsbury Publishing's Sloan Ratio for the fiscal year that ended in Feb. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Bloomsbury Publishing's Net Income for the trailing twelve months (TTM) ended in Aug. 2024 was 21.095 (Feb. 2024 ) + 16.6 (Aug. 2024 ) = £37.7 Mil.
Bloomsbury Publishing's Cash Flow from Operations for the trailing twelve months (TTM) ended in Aug. 2024 was 33.316 (Feb. 2024 ) + 24.9 (Aug. 2024 ) = £58.2 Mil.
Bloomsbury Publishing's Cash Flow from Investing for the trailing twelve months (TTM) ended in Aug. 2024 was -2.514 (Feb. 2024 ) + -67 (Aug. 2024 ) = £-69.5 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.
Bloomsbury Publishing (CHIX:BMYl) 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 Aug. 2024, Bloomsbury Publishing has a Sloan Ratio of 12.51%, indicating there is a warning stage of accrual build up.
Bloomsbury Publishing Sloan Ratio % Related Terms
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Bloomsbury Publishing PLC is a publisher of books and other media for general readers, children, students, researchers, and professionals. It offers authors access to these multiple markets in multiple formats throughout the world in print, through e-books, digital downloads, and apps in schools, libraries, universities, and in terrestrial and internet bookshops. The company divisions are Consumer and Non-Consumer. Consumer division is split out into Children's Trade and Adult Trade; and Non-Consumer split between Academic and Professional, Education, Special Interest, and Content Services. It derives maximum revenue from the Consumer division segment. The company operates in the UK, North America, and other countries.
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