What is Mfc-Nichada Thani Property Fund 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 Mar. 2024, Mfc-Nichada Thani Property Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Mfc-Nichada Thani Property Fund 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.
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Mfc-Nichada Thani Property Fund Sloan Ratio % Chart
Competitive Comparison of Mfc-Nichada Thani Property Fund's Sloan Ratio %
For the REIT - Residential subindustry, Mfc-Nichada Thani Property Fund'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.
Mfc-Nichada Thani Property Fund's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Mfc-Nichada Thani Property Fund's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Mfc-Nichada Thani Property Fund's Sloan Ratio % falls into.
Mfc-Nichada Thani Property Fund 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.
Mfc-Nichada Thani Property Fund's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 11.282 (Jun. 2023 ) + 3.089 (Sep. 2023 ) + 4.428 (Dec. 2023 ) + 5.235 (Mar. 2024 ) = ฿24.03 Mil.
Mfc-Nichada Thani Property Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -8.556 (Jun. 2023 ) + 1.884 (Sep. 2023 ) + 4.316 (Dec. 2023 ) + 3.404 (Mar. 2024 ) = ฿1.05 Mil.
Mfc-Nichada Thani Property Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = ฿0.00 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.
Mfc-Nichada Thani Property Fund (BKK:MNIT) 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, Mfc-Nichada Thani Property Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Mfc-Nichada Thani Property Fund Sloan Ratio % Related Terms
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Mfc-Nichada Thani Property Fund (BKK:MNIT) Business Description
Mfc-Nichada Thani Property Fund is a close-ended property fund with no maturity date. The fund's objective is to use the proceeds from the sale of investment units to invest in properties for residential buildings including land and private houses for a living, which is in Amphur Pakkred, Nonthaburi. It operates under one segment namely Rental of Properties in Thailand. The Fund has invested (freehold) in the Lakeshore-North Apartment Building - an apartment for rent, Lakeshore-West Apartment Building - an apartment for rent, Land with units of two-storeyed private houses of Raintree Residence Project and Land with units of two-storeyed private homes of Sunshine Place Project. All assets are located in the Nichada Thani Project.
Mfc-Nichada Thani Property Fund (BKK:MNIT) Headlines
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