What is Bluegreen Vacations Holding 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.
* 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.
Competitive Comparison of Bluegreen Vacations Holding's Sloan Ratio %
For the Resorts & Casinos subindustry, Bluegreen Vacations Holding'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.
Bluegreen Vacations Holding's Sloan Ratio % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Bluegreen Vacations Holding's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bluegreen Vacations Holding's Sloan Ratio % falls into.
Bluegreen Vacations Holding 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.
Bluegreen Vacations Holding's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 7.649 (Dec. 2022 ) + 11.499 (Mar. 2023 ) + 21.913 (Jun. 2023 ) + 20.657 (Sep. 2023 ) = $61.7 Mil.
Bluegreen Vacations Holding's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -81.627 (Dec. 2022 ) + -23.748 (Mar. 2023 ) + -26.12 (Jun. 2023 ) + -10.489 (Sep. 2023 ) = $-142.0 Mil.
Bluegreen Vacations Holding's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -5.639 (Dec. 2022 ) + -3.924 (Mar. 2023 ) + -4.742 (Jun. 2023 ) + -4.847 (Sep. 2023 ) = $-19.2 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.
Bluegreen Vacations Holding (NYSE:BVH) 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 Sep. 2023, Bluegreen Vacations Holding has a Sloan Ratio of 14.47%, indicating there is a warning stage of accrual build up.
Bluegreen Vacations Holding Sloan Ratio % Related Terms
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Bluegreen Vacations Holding (Bluegreen Vacations Holding) Business Description
Bluegreen Vacations Holding Corp is a vacation ownership company that markets and sells vacation ownership interests (VOIs) & manages resorts in popular leisure and urban destinations. The firm operates in two segments: Sales of VOIs and financing & Resort Operations and Club Management. The majority is from the Sales of VOIs and financing segment. The Sales of VOIs and Financing segment includes the Company's marketing and sales activities related to the VOIs that are owned by the Company, VOIs acquired under just-in-time and secondary market inventory arrangements, or sales of VOIs through fee-for-service arrangements with third-party developers, as well as consumer financing activities in connection with sales of VOIs owned by the Company, and title services operations.
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