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Walls & Futures REIT (AQSE:WAFR) Sloan Ratio % : -8.78% (As of Mar. 2023)


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What is Walls & Futures REIT 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.

Walls & Futures REIT's Sloan Ratio for the quarter that ended in Mar. 2023 was -8.78%.

As of Mar. 2023, Walls & Futures REIT has a Sloan Ratio of -8.78%, indicating the company is in the safe zone and there is no funny business with accruals.


Walls & Futures REIT Sloan Ratio % Historical Data

The historical data trend for Walls & Futures REIT'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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Walls & Futures REIT Sloan Ratio % Chart

Walls & Futures REIT Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Sloan Ratio %
Get a 7-Day Free Trial 4.48 31.23 -36.51 -11.36 -8.78

Walls & Futures REIT Semi-Annual Data
Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Sloan Ratio % Get a 7-Day Free Trial 4.48 31.23 -36.51 -11.36 -8.78

Competitive Comparison of Walls & Futures REIT's Sloan Ratio %

For the REIT - Residential subindustry, Walls & Futures REIT'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.


Walls & Futures REIT's Sloan Ratio % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Walls & Futures REIT's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Walls & Futures REIT's Sloan Ratio % falls into.



Walls & Futures REIT 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.

Walls & Futures REIT's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Sloan Ratio=(Net Income (A: Mar. 2023 )-Cash Flow from Operations (A: Mar. 2023 )
-Cash Flow from Investing (A: Mar. 2023 ))/Total Assets (A: Mar. 2023 )
=(-0.473--0.065
--0.121)/3.27
=-8.78%

Walls & Futures REIT's Sloan Ratio for the quarter that ended in Mar. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Mar. 2023 )
=(-0.473--0.065
--0.121)/3.27
=-8.78%

For company reported annually, GuruFocus uses latest annual data as the TTM data. Walls & Futures REIT's Net Income for the trailing twelve months (TTM) ended in Mar. 2023 was £-0.47 Mil.
Walls & Futures REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2023 was £-0.07 Mil.
Walls & Futures REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2023 was £-0.12 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.


Walls & Futures REIT  (AQSE:WAFR) 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 Mar. 2023, Walls & Futures REIT has a Sloan Ratio of -8.78%, indicating the company is in the safe zone and there is no funny business with accruals.


Walls & Futures REIT Sloan Ratio % Related Terms

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Walls & Futures REIT (AQSE:WAFR) Business Description

Traded in Other Exchanges
N/A
Address
Octagon Point, 5 Cheapside, London, GBR, EC2V 6AA
Walls & Futures REIT PLC operates as a real estate investment trust. The company is engaged in investing and developing property to meet the unmet demand for specialist social housing in the UK.

Walls & Futures REIT (AQSE:WAFR) Headlines

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