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Blackstar Enterprise Group (OTCPK:BEGI) Sloan Ratio %

: -237.65% (As of Sep. 2022)
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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.

Blackstar Enterprise Group's Sloan Ratio for the quarter that ended in Sep. 2022 was -237.65%.

Warning Sign:

When sloan ratio (-229.43)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Sep. 2022, Blackstar Enterprise Group has a Sloan Ratio of -237.65%, indicating earnings are more likely to be made up of accruals.


Blackstar Enterprise Group Sloan Ratio % Historical Data

The historical data trend for Blackstar Enterprise 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.

Blackstar Enterprise Group Annual Data
Trend Jul01 Jul02 Jul03 Jul04 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Sloan Ratio %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -60.00 -3,028.57 - -1,392.55 -229.43

Blackstar Enterprise Group Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Sloan Ratio % 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 Premium Member Only Premium Member Only Premium Member Only - -229.28 -295.25 -319.07 -237.65

Competitive Comparison

For the Capital Markets subindustry, Blackstar Enterprise 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.

   

Blackstar Enterprise Group Sloan Ratio % Distribution

For the Capital Markets industry and Financial Services sector, Blackstar Enterprise Group's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Blackstar Enterprise Group's Sloan Ratio % falls in comparison to its industry or sector. The grey bar indicates the Sloan Ratio %'s extreme value range as defined by GuruFocus.



Blackstar Enterprise 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.

Blackstar Enterprise Group's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2021 )-Cash Flow from Operations (A: Dec. 2021 )
-Cash Flow from Investing (A: Dec. 2021 ))/Total Assets (A: Dec. 2021 )
=(-2.184--0.519
--0.098)/0.683
=-229.43%

Blackstar Enterprise Group's Sloan Ratio for the quarter that ended in Sep. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2022 )
=(-1.416--0.581
--0.065)/0.324
=-237.65%

Blackstar Enterprise Group's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was -0.376 (Dec. 2021 ) + -0.517 (Mar. 2022 ) + -0.309 (Jun. 2022 ) + -0.214 (Sep. 2022 ) = $-1.42 Mil.
Blackstar Enterprise Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was -0.125 (Dec. 2021 ) + -0.143 (Mar. 2022 ) + -0.187 (Jun. 2022 ) + -0.126 (Sep. 2022 ) = $-0.58 Mil.
Blackstar Enterprise Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was -0.053 (Dec. 2021 ) + -0.001 (Mar. 2022 ) + -0.009 (Jun. 2022 ) + -0.002 (Sep. 2022 ) = $-0.07 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.


Blackstar Enterprise Group  (OTCPK:BEGI) 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 Sep. 2022, Blackstar Enterprise Group has a Sloan Ratio of -237.65%, indicating earnings are more likely to be made up of accruals.


Blackstar Enterprise Group Sloan Ratio % Related Terms

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Blackstar Enterprise Group (OTCPK:BEGI) Business Description

Blackstar Enterprise Group logo
Traded in Other Exchanges
N/A
Address
4450 Arapahoe Avenue, Suite 100, Boulder, CO, USA, 80303
Blackstar Enterprise Group Inc is engaged in Merchant Banking and Finance business. The company intends to gain exposure to the blockchain ecosystem through targeted joint ventures in the sector. It also offers consulting and regulatory compliance services to crypto-equity companies.
Executives
John N Harris director, 10 percent owner, officer: CEO PO BOX 1547, LYONS CO 80540
International Hedge Group, Inc. 10 percent owner 1711 WALES DRIVE, BERTHOUD CO 80513
Joseph E Kurczodyna director, 10 percent owner, officer: CFO 1711 WALES DRIVE, BERTHOUD CO 80513
Todd Harold Lahr 10 percent owner, other: Former President & Director 134 3RD ST, NAZARETH PA 18064
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