What is Scripps Networks Interactive 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.
As of Dec. 2017, Scripps Networks Interactive has a Sloan Ratio of -5.62%, indicating the company is in the safe zone and there is no funny business with accruals.
Scripps Networks Interactive Sloan Ratio % Historical Data
* 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 Scripps Networks Interactive's Sloan Ratio %
For the Broadcasting subindustry, Scripps Networks Interactive'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.
Scripps Networks Interactive's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Scripps Networks Interactive's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Scripps Networks Interactive's Sloan Ratio % falls into.
Scripps Networks Interactive 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.
Scripps Networks Interactive's Net Income for the trailing twelve months (TTM) ended in Dec. 2017 was 199.9 (Mar. 2017 ) + 234.075 (Jun. 2017 ) + 124.088 (Sep. 2017 ) + 65.872 (Dec. 2017 ) = $624 Mil.
Scripps Networks Interactive's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2017 was 301.263 (Mar. 2017 ) + 200.987 (Jun. 2017 ) + 331.115 (Sep. 2017 ) + 222.429 (Dec. 2017 ) = $1,056 Mil.
Scripps Networks Interactive's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2017 was -25.651 (Mar. 2017 ) + -13.059 (Jun. 2017 ) + -9.146 (Sep. 2017 ) + -17.16 (Dec. 2017 ) = $-65 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.
Scripps Networks Interactive (NAS:SNI) 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 Dec. 2017, Scripps Networks Interactive has a Sloan Ratio of -5.62%, indicating the company is in the safe zone and there is no funny business with accruals.
Scripps Networks Interactive Sloan Ratio % Related Terms
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Scripps Networks Interactive (Scripps Networks Interactive) Business Description
Scripps is a vertically integrated content company that operates six domestic cable channels and owns 98% of the content that airs on its channels. Spun off from E.W. Scripps in 2008, Scripps' three largest networks (Food Network, HGTV, and Travel Channel) reach over 90 million households subscribing to basic cable in the U.S. While two (HGTV and Food Network) networks regularly rank within the top 25 networks in the U.S., Scripps has very little exposure to international markets with only 3% of revenue earned from outside the U.S.
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