What is Shenandoah Telecommunications Co 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.
* 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.
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Shenandoah Telecommunications Co Sloan Ratio % Chart
Competitive Comparison of Shenandoah Telecommunications Co's Sloan Ratio %
For the Telecom Services subindustry, Shenandoah Telecommunications Co'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.
Shenandoah Telecommunications Co's Sloan Ratio % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Shenandoah Telecommunications Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Shenandoah Telecommunications Co's Sloan Ratio % falls into.
Shenandoah Telecommunications Co 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.
Shenandoah Telecommunications Co's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 2.589 (Dec. 2023 ) + 214.696 (Mar. 2024 ) + -12.872 (Jun. 2024 ) + -5.263 (Sep. 2024 ) = $199.2 Mil.
Shenandoah Telecommunications Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 22.085 (Dec. 2023 ) + 15.158 (Mar. 2024 ) + 2.541 (Jun. 2024 ) + 24.272 (Sep. 2024 ) = $64.1 Mil.
Shenandoah Telecommunications Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -64.203 (Dec. 2023 ) + 238.484 (Mar. 2024 ) + -421.614 (Jun. 2024 ) + -71.966 (Sep. 2024 ) = $-319.3 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.
Shenandoah Telecommunications Co (NAS:SHEN) 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 Sep. 2024, Shenandoah Telecommunications Co has a Sloan Ratio of 26.81%, indicating there is a warning stage of accrual build up.
Shenandoah Telecommunications Co Sloan Ratio % Related Terms
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Shenandoah Telecommunications Co Business Description
Shenandoah Telecommunications Company, with its subsidiaries, provides various broadband communication products and services via its wireless, cable, fiber optic, and fixed wireless networks to customers in the Mid-Atlantic United States. The company operates through two business units: tower and broadband. The tower segment leases company-owned cell tower spaces to other wireless communication providers, while the broadband segment provides broadband Internet, video, and voice services to residential and commercial customers. The broadband segment generates the vast majority of the company's revenue, with the bulk of sales flowing from residential and small, and medium businesses within the broadband unit.
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