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.
Lord Global's Sloan Ratio for the quarter that ended in Apr. 2020 was 0.00%.
As of Apr. 2020, Lord Global has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Lord Global Sloan Ratio % Historical Data
The historical data trend for Lord Global'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.
Competitive Comparison of Lord Global's Sloan Ratio %
For the Entertainment subindustry, Lord Global'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.
Lord Global's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Lord Global's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Lord Global's Sloan Ratio % falls into.
Lord Global 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.
Lord Global's Sloan Ratio for the fiscal year that ended in Jul. 2019 is calculated as
Lord Global's Net Income for the trailing twelve months (TTM) ended in Apr. 2020 was -0.15 (Jul. 2019 ) + -1.205 (Oct. 2019 ) + -0.083 (Jan. 2020 ) + -0.022 (Apr. 2020 ) = $-1.46 Mil.
Lord Global's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2020 was -0.034 (Jul. 2019 ) + -0.006 (Oct. 2019 ) + -0.02 (Jan. 2020 ) + -0.301 (Apr. 2020 ) = $-0.36 Mil.
Lord Global's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2020 was 0 (Jul. 2019 ) + 0 (Oct. 2019 ) + -0.014 (Jan. 2020 ) + 0 (Apr. 2020 ) = $-0.01 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.
Lord Global (GREY:LRDG) 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 Apr. 2020, Lord Global has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Lord Global Sloan Ratio % Related Terms
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Lord Global Corp, formerly Bigfoot Project Investments Inc is engaged in searching, documenting and collecting evidence of the existence of the Bigfoot or Sasquatch creature, according to North American folklore, and it develops, produces and distributes fictional and documentary films about the creature and its searches. In addition to films available on DVD, it has added T-shirts and other branded products such as decals, coffee mugs, skull caps, and ball caps to its inventory. The company's revenues consisted of pay per view sales from the online streaming contract as well as proceeds and commissions from the sale of DVDs and videos.
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