What is Cherry Hill Mortgage Investment 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, Cherry Hill Mortgage Investment has a Sloan Ratio of -1.40%, indicating the company is in the safe zone and there is no funny business with accruals.
Cherry Hill Mortgage Investment 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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Cherry Hill Mortgage Investment Sloan Ratio % Chart
Competitive Comparison of Cherry Hill Mortgage Investment's Sloan Ratio %
For the REIT - Mortgage subindustry, Cherry Hill Mortgage Investment'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.
Cherry Hill Mortgage Investment's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Cherry Hill Mortgage Investment's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Cherry Hill Mortgage Investment's Sloan Ratio % falls into.
Cherry Hill Mortgage Investment 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.
Cherry Hill Mortgage Investment's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 1.589 (Jun. 2023 ) + 15.579 (Sep. 2023 ) + -33.017 (Dec. 2023 ) + 11.821 (Mar. 2024 ) = $-4.03 Mil.
Cherry Hill Mortgage Investment's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 1.197 (Jun. 2023 ) + 17.218 (Sep. 2023 ) + 18.596 (Dec. 2023 ) + -19.051 (Mar. 2024 ) = $17.96 Mil.
Cherry Hill Mortgage Investment's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -5.864 (Jun. 2023 ) + -1.024 (Sep. 2023 ) + 60.089 (Dec. 2023 ) + -55.55 (Mar. 2024 ) = $-2.35 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.
Cherry Hill Mortgage Investment (NYSE:CHMI) 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, Cherry Hill Mortgage Investment has a Sloan Ratio of -1.40%, indicating the company is in the safe zone and there is no funny business with accruals.
Cherry Hill Mortgage Investment Sloan Ratio % Related Terms
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Cherry Hill Mortgage Investment (Cherry Hill Mortgage Investment) Business Description
Cherry Hill Mortgage Investment Corp operates as a real estate investment trust in the United States. It invests in residential mortgage assets to generate current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. The company's reportable segments include investments in Residential mortgage-backed securities (RMBS), Investments in Servicing Related Assets, and All Others. It generates maximum revenue from the RMBS segment in the form of Interest income earned for servicing mortgage loans.
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