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News (NAS:NWSA) Sloan Ratio %

: 8.07% (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.

News's Sloan Ratio for the quarter that ended in Sep. 2022 was 8.07%.

As of Sep. 2022, News has a Sloan Ratio of 8.07%, indicating the company is in the safe zone and there is no funny business with accruals.


News (NAS:NWSA) Sloan Ratio % Historical Data

The historical data trend for News'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.

News Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Sloan Ratio % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -11.93 -0.61 -11.37 2.30 7.81

News 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 3.86 3.49 10.29 7.81 8.07

News (NAS:NWSA) Sloan Ratio % Competitive Comparison

For the Entertainment subindustry, News'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.

   

News (NAS:NWSA) Sloan Ratio % Distribution

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

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



News 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.

News's Sloan Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Sloan Ratio=(Net Income (A: Jun. 2022 )-Cash Flow from Operations (A: Jun. 2022 )
-Cash Flow from Investing (A: Jun. 2022 ))/Total Assets (A: Jun. 2022 )
=(623-1354
--2076)/17221
=7.81%

News'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 )
=(467-1255
--2111)/16387
=8.07%

News's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was 235 (Dec. 2021 ) + 82 (Mar. 2022 ) + 110 (Jun. 2022 ) + 40 (Sep. 2022 ) = $467 Mil.
News's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was 362 (Dec. 2021 ) + 600 (Mar. 2022 ) + 324 (Jun. 2022 ) + -31 (Sep. 2022 ) = $1,255 Mil.
News's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was -154 (Dec. 2021 ) + -1305 (Mar. 2022 ) + -522 (Jun. 2022 ) + -130 (Sep. 2022 ) = $-2,111 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.


News  (NAS:NWSA) 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, News has a Sloan Ratio of 8.07%, indicating the company is in the safe zone and there is no funny business with accruals.


News Sloan Ratio % Related Terms

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News (NAS:NWSA) Business Description

News logo
Address
1211 Avenue of the Americas, New York, NY, USA, 10036
News Corporation is a media conglomerate with large presence in the U.S, the U.K., and Australia. Key brands include The Wall Street Journal, Herald Sun, and The Times. The company also has a strong presence in the Australian pay-TV market through Fox Sports and Foxtel (both 65%-owned), while its 62%-owned REA Group is the dominant real estate classified business in Australia. In addition, it owns HarperCollins, one of the largest book publishers globally, and also has a substantial digital property advertising business (Move) in the U.S.
Executives
Ayotte Kelly director C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Panuccio Susan officer: Chief Financial Officer C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Pitofsky David B officer: General Counsel C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Klein Joel director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Halpin Kevin officer: Deputy Chief Financial Officer 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Murdoch Lachlan K director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Elkann John director 1211 AVENUE OF THE AMERICAS NEW YORK NY 10003
Chao Elaine L. director C/O DOLE FOOD COMPANY, INC. ONE DOLE DRIVE WESTLAKE VILLAGE CA 91362
Murdoch James R director C/O LUPA SYSTEMS 363 LAFAYETTE STREET NEW YORK NY 10022
Pessoa Ana Paula director 1211 AVENUE OF THE AMERICAS NEW YORK NY 10003
Siddiqui Masroor director 1211 AVENUE OF THE AMERICAS NEW YORK NY 10003
Bancroft Natalie director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Aznar Jose Maria director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Cruden Financial Services Llc 10 percent owner C/O MCDONALD CARANO WILSON LLP 100 LIBERTY STREET RENO NV 89501
Murdoch Family Trust 10 percent owner C/O MCDONALD CARANO WILSON LLP 100 LIBERTY STREET RENO NV 89501

News (NAS:NWSA) Headlines

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