GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Broadway Financial Corp (NAS:BYFC) » Definitions » Sloan Ratio %

Broadway Financial (Broadway Financial) Sloan Ratio % : 22.90% (As of Jun. 2023)


View and export this data going back to 1996. Start your Free Trial

What is Broadway Financial 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.

Broadway Financial's Sloan Ratio for the quarter that ended in Jun. 2023 was 22.90%.

Warning Sign:

When sloan ratio (27.3)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Jun. 2023, Broadway Financial has a Sloan Ratio of 22.90%, indicating earnings are more likely to be made up of accruals.


Broadway Financial Sloan Ratio % Historical Data

The historical data trend for Broadway Financial'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.

Broadway Financial Sloan Ratio % Chart

Broadway Financial Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 6.91 -7.82 -2.71 27.30

Broadway Financial Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 10.09 24.14 27.30 24.75 22.90

Competitive Comparison of Broadway Financial's Sloan Ratio %

For the Banks - Regional subindustry, Broadway Financial'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.


Broadway Financial's Sloan Ratio % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Broadway Financial's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Broadway Financial's Sloan Ratio % falls into.



Broadway Financial 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.

Broadway Financial's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2022 )-Cash Flow from Operations (A: Dec. 2022 )
-Cash Flow from Investing (A: Dec. 2022 ))/Total Assets (A: Dec. 2022 )
=(5.636-6.324
--323.959)/1184.293
=27.30%

Broadway Financial's Sloan Ratio for the quarter that ended in Jun. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jun. 2023 )
=(4.64-8.818
--286.178)/1231.372
=22.90%

Broadway Financial's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was 1.318 (Sep. 2022 ) + 1.506 (Dec. 2022 ) + 1.573 (Mar. 2023 ) + 0.243 (Jun. 2023 ) = $4.64 Mil.
Broadway Financial's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was 5.687 (Sep. 2022 ) + 0.996 (Dec. 2022 ) + 3.801 (Mar. 2023 ) + -1.666 (Jun. 2023 ) = $8.82 Mil.
Broadway Financial's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was -184.056 (Sep. 2022 ) + -48.437 (Dec. 2022 ) + -6.319 (Mar. 2023 ) + -47.366 (Jun. 2023 ) = $-286.18 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.


Broadway Financial  (NAS:BYFC) 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. 2023, Broadway Financial has a Sloan Ratio of 22.90%, indicating earnings are more likely to be made up of accruals.


Broadway Financial Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Broadway Financial's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Broadway Financial (Broadway Financial) Business Description

Traded in Other Exchanges
N/A
Address
4601 Wilshire Boulevard, Suite 150, Los Angeles, CA, USA, 90010
Broadway Financial Corp is active in the financial services domain. It is a savings and loan holding company in the United States. The Bank's business consists of deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential properties and commercial real estate. Its deposits consist of passbook savings accounts, checking accounts, and negotiable order of withdrawal accounts, money market accounts and fixed-term certificates of deposit.
Executives
Lashanya Demetrice Washington officer: EVP, Chief Credit Officer 10616 CHERYL TURN, WALDORF MD 20603
Brian E Argrett director, officer: President/CEO 12555 W. JEFFERSON BLVD., LOS ANGELES CA 90066
Thomas Andrew Nida officer: EVP, Market Executive 6445 LUZON AVENUE, N.Q., #517, WASHINGTON DC 20012
Brenda J Battey officer: EVP/Chief Financial Officer 4800 WILSHIRE BOULEVARD, LOS ANGELES CA 90036
Ruth Mccloud officer: EVP/COO 5055 WILSHIRE BOULEVARD, SUITE 500, LOS ANGELES CA 90036
Sonja Sanders Wells officer: EVP/E. Commercial Reg. Exec 540 N STREET SW, UNIT-S-103, WASHINGTON DC 20024
John Frederick Tellenbach officer: EVP, West Comm. Reg. Exec. 26838 INDIAN PEAK RD., RANCHO PALOS VERDES CA 90275
William A Longbrake director C/O WASHINGTON MUTUAL INC, 1201 THIRD AVE , WMT 1503, SEATTLE WA 98111
John Driver director 13983 ARBOLITOS DRIVE, POWAY CA 92064
City First Enterprises Inc. 10 percent owner 1 THOMAS CIRCLE NW, STE 700, WASHINGTON DC 20005
Mary Ann Donovan director 513 7TH STREET NE, WASHINGTON DC 20002
David J. Mcgrady director 1132 23RD AVENUE E., SEATTLE WA 98112
Shannan Alicia Herbert officer: EVP/Chief Credit Officer 10104 RUNNING BROOK LANE, UPPER MARLBORO MD 20772
Marie C Johns director WLR FOODS INC, P O BOX 7000, BROADWAY VA 22815
Jack T Thompson director 100 JERICHO QUADRANGLE, SUITE 100, JERICHO NY 11753

Broadway Financial (Broadway Financial) Headlines