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Boston Omaha (Boston Omaha) Sloan Ratio % : 5.36% (As of Dec. 2023)


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What is Boston Omaha 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.

Boston Omaha's Sloan Ratio for the quarter that ended in Dec. 2023 was 5.36%.

As of Dec. 2023, Boston Omaha has a Sloan Ratio of 5.36%, indicating the company is in the safe zone and there is no funny business with accruals.


Boston Omaha Sloan Ratio % Historical Data

The historical data trend for Boston Omaha'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.

Boston Omaha Sloan Ratio % Chart

Boston Omaha Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only 11.34 25.62 11.23 -10.54 5.36

Boston Omaha Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -10.54 12.27 6.71 6.87 5.36

Competitive Comparison of Boston Omaha's Sloan Ratio %

For the Advertising Agencies subindustry, Boston Omaha'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.


Boston Omaha's Sloan Ratio % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Boston Omaha's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Boston Omaha's Sloan Ratio % falls into.



Boston Omaha 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.

Boston Omaha's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(-7.004-16.059
--64.253)/768.207
=5.36%

Boston Omaha's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(-7.004-16.059
--64.253)/768.207
=5.36%

Boston Omaha's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -3.321 (Mar. 2023 ) + 1.542 (Jun. 2023 ) + -1.643 (Sep. 2023 ) + -3.582 (Dec. 2023 ) = $-7.00 Mil.
Boston Omaha's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 1.368 (Mar. 2023 ) + 2.996 (Jun. 2023 ) + 7.878 (Sep. 2023 ) + 3.817 (Dec. 2023 ) = $16.06 Mil.
Boston Omaha's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -37.845 (Mar. 2023 ) + -1.304 (Jun. 2023 ) + -9.81 (Sep. 2023 ) + -15.294 (Dec. 2023 ) = $-64.25 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.


Boston Omaha  (NYSE:BOC) 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 Dec. 2023, Boston Omaha has a Sloan Ratio of 5.36%, indicating the company is in the safe zone and there is no funny business with accruals.


Boston Omaha Sloan Ratio % Related Terms

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Boston Omaha (Boston Omaha) Business Description

Traded in Other Exchanges
Address
1601 Dodge Street, Suite 3300, Omaha, NE, USA, 68102
Boston Omaha Corp is a US-based company which invests in real estate. Its operations include its ownership of multiple billboards in Florida, Georgia, Wisconsin, and Alabama and equity method investments in several real estate companies. The company operates three separate lines of business, outdoor billboard advertising, surety insurance and related brokerage activities, and broadband services. It also engages in investments in real estate management and related activities. The company generates the majority of the revenue from billboard rentals.
Executives
Joshua Paul Weisenburger officer: Chief Financial Officer 1411 HARNEY ST. SUITE 200, OMAHA NE 68102
Jeffrey C Royal director 5420 NICHOLAS STREET, OMAHA NE 68132
Adam K Peterson 10 percent owner 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Alexander Buffett Rozek director, 10 percent owner, officer: Co-Chief Executive Officer 292 NEWBURY ST #333, BOSTON MA 02115
Brendan Joseph Keating director 8918 SPANISH RIDGE AVENUE, SUITE 100, LAS VEGAS NV 89148
Steven Charles Mcghie officer: See Remarks BOSTON OMAHA CORPORATION, 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
David John Herman officer: See Remarks BOSTON OMAHA CORPORATION, 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Vishnu Srinivasan director C/O BOSTON OMAHA CORPORATION, 292 NEWBURY ST. SUITE 333, BOSTON MA 02115
Kenan Frank H. Ii director C/O BOSTON OMAHA CORPORATION.,, 292 NEWBURY ST. SUITE 333, BOSTON MA 02115
Joseph Max Meisinger officer: Chief Accounting Officer BOSTON OMAHA CORPORATION, 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Boulderado Group, Llc other: Manager is Director and Co-CEO 292 NEWBURY STREET, SUITE 333, BOSTON MA 02115
Bradford B Briner director 705 GIMGHOUL ROAD, CHAPEL HILL NC 27514
Magnolia Boc Ii, Lp 10 percent owner 1411 HARNEY ST., SUITE 200, OMAHA NE 68102
Magnolia Capital Fund, Lp 10 percent owner 1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
William Scott Lafoy officer: CEO of Link Media Holdings,LLC C/O LINK MEDIA OUTDOOR, 200 MANSELL CT. EAST, BLDG 200 STE. 360, ROSWELL GA 30076