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Ladenburg Thalmann Financial Services (Ladenburg Thalmann Financial Services) Sloan Ratio % : -2.19% (As of Dec. 2019)


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What is Ladenburg Thalmann Financial Services 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.

Ladenburg Thalmann Financial Services's Sloan Ratio for the quarter that ended in Dec. 2019 was -2.19%.

As of Dec. 2019, Ladenburg Thalmann Financial Services has a Sloan Ratio of -2.19%, indicating the company is in the safe zone and there is no funny business with accruals.


Ladenburg Thalmann Financial Services Sloan Ratio % Historical Data

The historical data trend for Ladenburg Thalmann Financial Services'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.

Ladenburg Thalmann Financial Services Sloan Ratio % Chart

Ladenburg Thalmann Financial Services Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.39 -4.63 0.25 -1.59 -2.19

Ladenburg Thalmann Financial Services Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 -1.59 -1.03 -0.77 0.31 -2.19

Competitive Comparison of Ladenburg Thalmann Financial Services's Sloan Ratio %

For the Capital Markets subindustry, Ladenburg Thalmann Financial Services'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.


Ladenburg Thalmann Financial Services's Sloan Ratio % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Ladenburg Thalmann Financial Services's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Ladenburg Thalmann Financial Services's Sloan Ratio % falls into.



Ladenburg Thalmann Financial Services 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.

Ladenburg Thalmann Financial Services's Sloan Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2019 )-Cash Flow from Operations (A: Dec. 2019 )
-Cash Flow from Investing (A: Dec. 2019 ))/Total Assets (A: Dec. 2019 )
=(22.767-54.017
--13.048)/829.936
=-2.19%

Ladenburg Thalmann Financial Services's Sloan Ratio for the quarter that ended in Dec. 2019 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2019 )
=(22.767-54.017
--13.048)/829.936
=-2.19%

Ladenburg Thalmann Financial Services's Net Income for the trailing twelve months (TTM) ended in Dec. 2019 was 3.431 (Mar. 2019 ) + 7.488 (Jun. 2019 ) + 11.356 (Sep. 2019 ) + 0.492 (Dec. 2019 ) = $23 Mil.
Ladenburg Thalmann Financial Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2019 was -20.146 (Mar. 2019 ) + 36.313 (Jun. 2019 ) + 25.8 (Sep. 2019 ) + 12.05 (Dec. 2019 ) = $54 Mil.
Ladenburg Thalmann Financial Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2019 was -3.249 (Mar. 2019 ) + -2.904 (Jun. 2019 ) + -2.896 (Sep. 2019 ) + -3.999 (Dec. 2019 ) = $-13 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.


Ladenburg Thalmann Financial Services  (AMEX:LTS) 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. 2019, Ladenburg Thalmann Financial Services has a Sloan Ratio of -2.19%, indicating the company is in the safe zone and there is no funny business with accruals.


Ladenburg Thalmann Financial Services Sloan Ratio % Related Terms

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Ladenburg Thalmann Financial Services (Ladenburg Thalmann Financial Services) Business Description

Traded in Other Exchanges
Address
4400 Biscayne Boulevard, 12th Floor, Miami, FL, USA, 33137
Ladenburg Thalmann Financial Services Inc is a United States-based company that provides diversified financial services. The company conducts operations through a number of subsidiaries, with three operating segments. The independent brokerage and advisory services segment consists of broker-dealer and investment advisory services, along with wealth-management services. The Ladenburg segment comprises investment banking, sales and trading and asset management services, and investment activities. The insurance brokerage segment comprises wholesale insurance brokerage activities. The company generates the majority of revenue from the independent brokerage and advisory services segment. Its business is concentrated in the United States.
Executives
Howard M Lorber other: Former Director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Henry C Beinstein other: Former Director 8 DOGWOOD LANE, LARCHMONT NY 10538-3418
Richard M Krasno other: Former Director C/O OPKO HEALTH, INC., 4400 BISCAYNE BLVD., MIAMI FL 31337
Brett Kaufman officer: Senior Vice President and CFO 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Glenn C Davis other: Former Director 4400 BISCAYNE BOULEVARD, 12TH FLOOR, MIAMI FL 33137
Michael Liebowitz other: Former Director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Richard Lampen other: Former Director and Officer 4400 BISCAYNE BLVD.; 10TH FLOOR, MIAMI FL 33137
Mark Zeitchick other: Former Director and Officer GBI CAPITAL MANAGEMENT CORP, 1055 STEWART AVE, BETHPAGE NY 11714
Brian S Genson other: Former Director
Jacqueline M Simkin other: Former Director 801 BRICKELL AVENUE, SUITE 2350, MIAMI FL 33131
Adam Scott Malamed other: Former Director and Officer 4400 BISCAYNE BLVD., 12TH FLOOR, MIAMI FL 33137
Joseph Giovanniello other: Former Officer 520 MADISON AVENUE, 9TH FLOOR, NEW YORK NY 10022
Frost Phillip Md Et Al other: Former 10% Owner 4400 BISCAYNE BLVD, MIAMI FL 33137-3227
Frost Nevada Investments Trust other: Former 10% Owner 4400 BISCAYNE BOULEVARD, 15TH FLOOR, MIAMI FL 33137
Vector Group Ltd 10 percent owner 4400 BISCAYNE BOULEVARD, 10TH FLOOR, MIAMI FL 33137

Ladenburg Thalmann Financial Services (Ladenburg Thalmann Financial Services) Headlines