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.
Union Properties PJSC's Sloan Ratio for the quarter that ended in Mar. 2024 was 8.85%.
As of Mar. 2024, Union Properties PJSC has a Sloan Ratio of 8.85%, indicating the company is in the safe zone and there is no funny business with accruals.
Union Properties PJSC Sloan Ratio % Historical Data
The historical data trend for Union Properties PJSC'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 Union Properties PJSC's Sloan Ratio %
For the Conglomerates subindustry, Union Properties PJSC'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.
Union Properties PJSC's Sloan Ratio % Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Union Properties PJSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Union Properties PJSC's Sloan Ratio % falls into.
Union Properties PJSC 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.
Union Properties PJSC's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Union Properties PJSC's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 5.419 (Jun. 2023 ) + 19.731 (Sep. 2023 ) + 800.176 (Dec. 2023 ) + 16.473 (Mar. 2024 ) = د.إ841.8 Mil.
Union Properties PJSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 12.83 (Jun. 2023 ) + -53.389 (Sep. 2023 ) + -29.391 (Dec. 2023 ) + 295.006 (Mar. 2024 ) = د.إ225.1 Mil.
Union Properties PJSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 76.075 (Jun. 2023 ) + 9.266 (Sep. 2023 ) + 115.241 (Dec. 2023 ) + 4.032 (Mar. 2024 ) = د.إ204.6 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.
Union Properties PJSC (DFM:UPP) 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, Union Properties PJSC has a Sloan Ratio of 8.85%, indicating the company is in the safe zone and there is no funny business with accruals.
Union Properties PJSC Sloan Ratio % Related Terms
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Union Properties PJSC (DFM:UPP) Business Description
Union Properties PJSC is a property development company in the United Arab Emirates. The company has a wide range of projects in its portfolio, including residential, industrial, and leisure development projects. The firm operates out of three segments: real estate, contracting, and goods and services. Property rentals and sales compose the real estate segment. The firm's contracting sector involves mechanical, electrical, and plumbing work, as well as interior architecture construction. In goods and services, the company offers facility management and maintenance services, motor racing services, and sale of goods. The majority of the company's revenue is generated from the goods and services segment.
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