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.
Bidstack Group's Sloan Ratio for the quarter that ended in Jun. 2023 was 10.13%.
As of Jun. 2023, Bidstack Group has a Sloan Ratio of 10.13%, indicating there is a warning stage of accrual build up.
Bidstack Group Sloan Ratio % Historical Data
The historical data trend for Bidstack Group'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 Bidstack Group's Sloan Ratio %
For the Electronic Gaming & Multimedia subindustry, Bidstack Group'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.
Bidstack Group's Sloan Ratio % Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Bidstack Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bidstack Group's Sloan Ratio % falls into.
Bidstack Group 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.
Bidstack Group's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Bidstack Group's Net Income for the trailing twelve months (TTM) ended in Jun. 2023 was -6.007 (Dec. 2022 ) + -6.345 (Jun. 2023 ) = $-12.35 Mil.
Bidstack Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2023 was -4.971 (Dec. 2022 ) + -8.112 (Jun. 2023 ) = $-13.08 Mil.
Bidstack Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2023 was -0.749 (Dec. 2022 ) + -0.186 (Jun. 2023 ) = $-0.94 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.
Bidstack Group (GREY:FTBGF) 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 Jun. 2023, Bidstack Group has a Sloan Ratio of 10.13%, indicating there is a warning stage of accrual build up.
Bidstack Group Sloan Ratio % Related Terms
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Bidstack Group (Bidstack Group) Business Description
Bidstack Group PLC is a United Kingdom-based native in-game advertising company. It is engaged in developing software technology to place programmatic advertising campaigns directly into video games via SDK or API. Its technology is used by game publishers and developers, advertising agencies, and programmatic advertising platforms. Its model is to secure exclusive access to the native in-game advertising space within video games from the game developers or publishers and then to sell that advertising space either direct to specific brands or through programmatic advertising platforms. Geographically the company generates the majority of its revenue from Europe, the Middle East, and Africa (EMEA), and also has its presence in the USA.
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