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MESA (Mesa Air Group) Sloan Ratio % : -37.63% (As of Jun. 2024)


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What is Mesa Air Group 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.

Mesa Air Group's Sloan Ratio for the quarter that ended in Jun. 2024 was -37.63%.

Warning Sign:

When sloan ratio (-26.52)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Jun. 2024, Mesa Air Group has a Sloan Ratio of -37.63%, indicating earnings are more likely to be made up of accruals.


Mesa Air Group Sloan Ratio % Historical Data

The historical data trend for Mesa Air Group'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.

* Premium members only.

Mesa Air Group Sloan Ratio % Chart

Mesa Air Group Annual Data
Trend Sep07 Sep08 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 -8.03 -5.69 -17.69 -26.52

Mesa Air Group Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -35.77 -26.52 -44.93 -41.06 -37.63

Competitive Comparison of Mesa Air Group's Sloan Ratio %

For the Airlines subindustry, Mesa Air Group'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.


Mesa Air Group's Sloan Ratio % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Mesa Air Group's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Mesa Air Group's Sloan Ratio % falls into.



Mesa Air Group 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.

Mesa Air Group's Sloan Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Sloan Ratio=(Net Income (A: Sep. 2023 )-Cash Flow from Operations (A: Sep. 2023 )
-Cash Flow from Investing (A: Sep. 2023 ))/Total Assets (A: Sep. 2023 )
=(-120.116--24.091
-142.285)/898.467
=-26.52%

Mesa Air Group's Sloan Ratio for the quarter that ended in Jun. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2024 )
=(-94.443-9.342
-146.204)/664.365
=-37.63%

Mesa Air Group's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was -28.345 (Sep. 2023 ) + -57.85 (Dec. 2023 ) + 11.66 (Mar. 2024 ) + -19.908 (Jun. 2024 ) = $-94.4 Mil.
Mesa Air Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was -10.254 (Sep. 2023 ) + -7.841 (Dec. 2023 ) + 16.229 (Mar. 2024 ) + 11.208 (Jun. 2024 ) = $9.3 Mil.
Mesa Air Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was 33.286 (Sep. 2023 ) + 46.605 (Dec. 2023 ) + 47.899 (Mar. 2024 ) + 18.414 (Jun. 2024 ) = $146.2 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.


Mesa Air Group  (NAS:MESA) 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.

According to How to Beat the Market with the Sloan Ratio:

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, Mesa Air Group has a Sloan Ratio of -37.63%, indicating earnings are more likely to be made up of accruals.


Mesa Air Group Sloan Ratio % Related Terms

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Mesa Air Group Business Description

Traded in Other Exchanges
Address
410 North 44th Street, Suite 700, Phoenix, AZ, USA, 85008
Mesa Air Group Inc is a regional air carrier providing scheduled passenger service. It provides scheduled passenger service to 86 cities in 36 states, the District of Columbia, Canada, Cuba, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. Flights are operated as American Eagle, United Express, or DHL Express flights to the terms of capacity purchase agreements with American and United and a flight services agreement with DHL. The business has a presence in domestic hubs and cities, including Dallas, Houston, Phoenix, and Washington-Dulles and other regions.
Executives
Jonathan Ireland director 410 NORTH 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Jerome Mchugh director 410 N 44TH ST STE 700, PHOENIX AZ 85008
Daniel Torque Zubeck officer: CFO & Treasurer 16832 12TH AVE SW, NORMANDY WA 98166
Jonathan G Ornstein director, officer: Chairman & CEO 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Mitchell I Gordon director C/O OCEANTECH ACQUISITIONS I CORP, 515 MADISON AVENUE, 8TH FL - SUITE 8133, NEW YORK NY 10022
Brian S Gillman officer: General Counsel 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Spyridon Skiados director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Harvey W Schiller director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Michael Lotz officer: President and COO 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Ellen N. Artist director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Dana J Lockhart director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Bradford R Rich officer: EVP & Chief Operating Officer MESA AIR GROUP, 410 NORTH 44TH STREET, PHOENIX AZ 85008
Michael L Ferverda officer: President, Freedom Airlines 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
G Grant Lyon director 410 N. 44TH STREET, SUITE 700, PHOENIX AZ 85008
Daniel Joseph Altobello director 6550 ROCK SPRING DR, SUITE 550, BETHESDA MD 20817

Mesa Air Group Headlines