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.
Blade Air Mobility's Sloan Ratio for the quarter that ended in Mar. 2024 was -15.72%.
As of Mar. 2024, Blade Air Mobility has a Sloan Ratio of -15.72%, indicating there is a warning stage of accrual build up.
Blade Air Mobility Sloan Ratio % Historical Data
The historical data trend for Blade Air Mobility'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 Blade Air Mobility's Sloan Ratio %
For the Airports & Air Services subindustry, Blade Air Mobility'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.
Blade Air Mobility's Sloan Ratio % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Blade Air Mobility's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Blade Air Mobility's Sloan Ratio % falls into.
Blade Air Mobility 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.
Blade Air Mobility's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Blade Air Mobility's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -12.232 (Jun. 2023 ) + 0.289 (Sep. 2023 ) + -33.941 (Dec. 2023 ) + -4.234 (Mar. 2024 ) = $-50.1 Mil.
Blade Air Mobility's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -8.197 (Jun. 2023 ) + 2.023 (Sep. 2023 ) + -9.32 (Dec. 2023 ) + -15.551 (Mar. 2024 ) = $-31.0 Mil.
Blade Air Mobility's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 3.774 (Jun. 2023 ) + -3.035 (Sep. 2023 ) + 0.075 (Dec. 2023 ) + 24.562 (Mar. 2024 ) = $25.4 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.
Blade Air Mobility (NAS:BLDE) 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 Mar. 2024, Blade Air Mobility has a Sloan Ratio of -15.72%, indicating there is a warning stage of accrual build up.
Blade Air Mobility Sloan Ratio % Related Terms
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Blade Air Mobility (Blade Air Mobility) Business Description
Blade Air Mobility Inc is a technology-powered air mobility platform that provides consumers with a cost-effective and time-efficient alternative to ground transportation for congested routes. The company's Passenger reporting segment arranges charter and by-the-seat flights using helicopters, jets, turboprops, and amphibious seaplanes operating in various locations throughout the United States and abroad. The company's Medical reporting segment includes air medical transporters of human organs in the United States, providing end-to-end logistics for transplant centers and organ procurement organizations utilizing helicopters, jets, turboprops and ground vehicles.
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