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.
Kartoon Studios's Sloan Ratio for the quarter that ended in Dec. 2023 was -121.03%.
Warning Sign:
When sloan ratio (-121.03)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Dec. 2023, Kartoon Studios has a Sloan Ratio of -121.03%, indicating earnings are more likely to be made up of accruals.
Kartoon Studios Sloan Ratio % Historical Data
The historical data trend for Kartoon Studios'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.
For the Entertainment subindustry, Kartoon Studios'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.
Kartoon Studios Sloan Ratio % Distribution
For the Media - Diversified industry and Communication Services sector, Kartoon Studios's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Kartoon Studios's Sloan Ratio % falls into.
Kartoon Studios 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.
Kartoon Studios's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Kartoon Studios's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -24.762 (Mar. 2023 ) + -15.23 (Jun. 2023 ) + -15.476 (Sep. 2023 ) + -21.635 (Dec. 2023 ) = $-77.10 Mil.
Kartoon Studios's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -4.757 (Mar. 2023 ) + -5.83 (Jun. 2023 ) + -9.581 (Sep. 2023 ) + 4.076 (Dec. 2023 ) = $-16.09 Mil.
Kartoon Studios's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 14.648 (Mar. 2023 ) + 21.3 (Jun. 2023 ) + 33.47 (Sep. 2023 ) + 4.44 (Dec. 2023 ) = $73.86 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.
Kartoon Studios (AMEX:TOON) 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 Dec. 2023, Kartoon Studios has a Sloan Ratio of -121.03%, indicating earnings are more likely to be made up of accruals.
Kartoon Studios Sloan Ratio % Related Terms
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Kartoon Studios (Kartoon Studios) Business Description
Kartoon Studios Inc is a media company developing, producing, marketing, and licensing branded animated entertainment properties and consumer products for media and retail distribution. Its portfolio features programming for toddlers to tweens, including the preschool properties Rainbow Rangers for Nick Jr. and Llama Llama for Netflix, Stan Lee's Superhero Kindergarten, Shaq's Garage, toddler brand Baby Genius, STEM-based series Thomas Edison's Secret Lab, Warren Buffett's Secret Millionaires Club, and the new preschool show, Stan Lee's Superhero Kindergarten. The company's channel is available on television and mobile devices through distribution platforms, including Comcast, Cox, DISH, Sling TV, Apple TV, Roku, Android TV, Tubi, Xumo, and Amazon Fire.
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