Consolidated Communications Holdings (Consolidated Communications Holdings) Sloan Ratio % : 1.44% (As of Dec. 2023)

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What is Consolidated Communications Holdings 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.

Consolidated Communications Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 was 1.44%.

As of Dec. 2023, Consolidated Communications Holdings has a Sloan Ratio of 1.44%, indicating the company is in the safe zone and there is no funny business with accruals.

Consolidated Communications Holdings Sloan Ratio % Historical Data

The historical data trend for Consolidated Communications Holdings'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.

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Consolidated Communications Holdings Sloan Ratio % Chart

Consolidated Communications Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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-4.18

-3.36

4.32

-2.57

1.44

Consolidated Communications Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial															-2.57	0.76	-2.39	3.13	1.44

Competitive Comparison of Consolidated Communications Holdings's Sloan Ratio %

For the Telecom Services subindustry, Consolidated Communications Holdings'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.

Consolidated Communications Holdings's Sloan Ratio % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Consolidated Communications Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Consolidated Communications Holdings's Sloan Ratio % falls into.

Consolidated Communications Holdings 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.

Consolidated Communications Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(-250.514	-	114.587
	-	-417.458)	/	3628.426
	=	1.44%

Consolidated Communications Holdings's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Dec. 2023 )
	=	(-250.514	-	114.587
	-	-417.458)	/	3628.426
	=	1.44%

Consolidated Communications Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -37.104 (Mar. 2023 ) + -108.253 (Jun. 2023 ) + -57.857 (Sep. 2023 ) + -47.3 (Dec. 2023 ) = $-251 Mil.
Consolidated Communications Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 55.086 (Mar. 2023 ) + 12.233 (Jun. 2023 ) + 35.274 (Sep. 2023 ) + 11.994 (Dec. 2023 ) = $115 Mil.
Consolidated Communications Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -128.911 (Mar. 2023 ) + -53.525 (Jun. 2023 ) + -144.049 (Sep. 2023 ) + -90.973 (Dec. 2023 ) = $-417 Mil.

Consolidated Communications Holdings (NAS:CNSL) 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. 2023, Consolidated Communications Holdings has a Sloan Ratio of 1.44%, indicating the company is in the safe zone and there is no funny business with accruals.

Consolidated Communications Holdings Sloan Ratio % Related Terms

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Consolidated Communications Holdings (Consolidated Communications Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Consolidated Communications Holdings Inc (NAS:CNSL) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2116 South 17th Street, Mattoon, IL, USA, 61938-5973

Website

https://www.consolidated.com

Consolidated Communications Holdings Inc provides communication services for business and residential customers across various states in the U.S. Its business product suite includes data and Internet solutions, voice, data center services, security services, managed and IT services, and an expanded suite of cloud services. It provides wholesale solutions to wireless and wireline carriers and other service providers including data, voice, network connections, and custom fiber builds and last-mile connections. It offers residential high-speed Internet, video, phone, and home security services as well as multi-service residential and small business bundles.

Executives

Fred Graffam	officer: Chief Financial Officer	1990 WITTINGTON PLACE, FARMERS BRANCH TX 75234
Solis Michel Marissa	director	7221 LANGMUIR DRIVE, MCKINNEY TX 75071
Steven L Childers	officer: Chief Financial Officer	CONSOLIDATED COMMUNICATIONS, 121 SOUTH 17TH STREET, MATTOON IL 61938-3987
Andrew Frey	director	10802 EXECUTIVE CENTER DRIVE, SUITE 300, LITTLE ROCK AR 72211
Searchlight Iii Cvl Gp, Llc	10 percent owner	C/O SEARCHLIGHT CAPITAL PARTNERS, L.P., 745 FIFTH AVENUE, 27TH FLOOR, NEW YORK NY 10151
Searchlight Iii Cvl, L.p.	10 percent owner	C/O SEARCHLIGHT CAPITAL PARTNERS, L.P., 745 FIFTH AVENUE, 27TH FLOOR, NEW YORK NY 10151
Robert J Currey	director
Maribeth S Rahe	director	255 E FIFTH STREET, CINCINNATI OH 45202
David G Fuller	director	240 WATSON AVE, OAKVILLE A6 L6J 3V1
Udell C Robert Jr	director, officer: President and CEO	CONSOLIDATED COMMUNICATIONS, 121 SOUTH 17TH STREET, MATTOON IL 61938-3987
Moore Roger H/ca	director	12061 BLUEMONT WAY, ATTN: GENERAL COUNSEL, RESTON VA 20190
Thomas A Gerke	director	GERKE THOMAS A, OVERLAND PARK KS 66251
Timothy D Taron	director	P.O. BOX 969, ROSEVILLE CA 95661
Dale E Parker	director	93 HOYLAKE, ROCKY MOUNT NC 27804
Richard Anthony Lumpkin	director	121 SOUTH 17TH STREET, MATTOON IL 61938