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.
PTFC Redevelopment's Sloan Ratio for the quarter that ended in Feb. 2024 was -0.69%.
As of Feb. 2024, PTFC Redevelopment has a Sloan Ratio of -0.69%, indicating the company is in the safe zone and there is no funny business with accruals.
PTFC Redevelopment Sloan Ratio % Historical Data
The historical data trend for PTFC Redevelopment'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 PTFC Redevelopment's Sloan Ratio %
For the Real Estate - Diversified subindustry, PTFC Redevelopment'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.
PTFC Redevelopment's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, PTFC Redevelopment's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PTFC Redevelopment's Sloan Ratio % falls into.
PTFC Redevelopment 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.
PTFC Redevelopment's Sloan Ratio for the fiscal year that ended in Aug. 2023 is calculated as
PTFC Redevelopment's Net Income for the trailing twelve months (TTM) ended in Feb. 2024 was 24.599 (May. 2023 ) + 26.129 (Aug. 2023 ) + 26.924 (Nov. 2023 ) + 27.746 (Feb. 2024 ) = ₱105.4 Mil.
PTFC Redevelopment's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2024 was 24.796 (May. 2023 ) + 23.626 (Aug. 2023 ) + 29.913 (Nov. 2023 ) + 25.896 (Feb. 2024 ) = ₱104.2 Mil.
PTFC Redevelopment's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2024 was 2.808 (May. 2023 ) + 0.939 (Aug. 2023 ) + 1.285 (Nov. 2023 ) + 0.329 (Feb. 2024 ) = ₱5.4 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.
PTFC Redevelopment (PHS:TFC) 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 Feb. 2024, PTFC Redevelopment has a Sloan Ratio of -0.69%, indicating the company is in the safe zone and there is no funny business with accruals.
PTFC Redevelopment Sloan Ratio % Related Terms
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PTFC Redevelopment Corp has its primary purpose to deal, engage or acquire an interest in land or real estate development. It operates in one segment: Leasing Activities. Rental services generate maximum revenue for the company. Geographically it caters its services only to the Philippines market. The company's portfolio consists of commercial, industrial, mini, and personal (self) storage spaces. It also provides office rental services for businesses and individuals. It also provides facilities such as Mini/Self-Storage, Baesa Warehouses and Balintawak Warehouses.
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