What is American Campus Communities 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. 2022, American Campus Communities has a Sloan Ratio of -1.32%, indicating the company is in the safe zone and there is no funny business with accruals.
American Campus Communities 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.
Competitive Comparison of American Campus Communities's Sloan Ratio %
For the REIT - Residential subindustry, American Campus Communities'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.
American Campus Communities's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, American Campus Communities's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where American Campus Communities's Sloan Ratio % falls into.
American Campus Communities 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.
American Campus Communities's Net Income for the trailing twelve months (TTM) ended in Mar. 2022 was -9.402 (Jun. 2021 ) + -11.439 (Sep. 2021 ) + 40.712 (Dec. 2021 ) + 39.183 (Mar. 2022 ) = $59 Mil.
American Campus Communities's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2022 was 51.598 (Jun. 2021 ) + 119.153 (Sep. 2021 ) + 114.23 (Dec. 2021 ) + 73.414 (Mar. 2022 ) = $358 Mil.
American Campus Communities's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2022 was -76.294 (Jun. 2021 ) + -57.467 (Sep. 2021 ) + -39.104 (Dec. 2021 ) + -27.557 (Mar. 2022 ) = $-200 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.
American Campus Communities (NYSE:ACC) 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. 2022, American Campus Communities has a Sloan Ratio of -1.32%, indicating the company is in the safe zone and there is no funny business with accruals.
American Campus Communities Sloan Ratio % Related Terms
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American Campus Communities (American Campus Communities) Business Description
American Campus Communities Inc or ACC, is a real estate investment trust engaged in the acquisition, management, and development of student housing properties near universities and colleges throughout the United States. The company segments its activities into Owned properties, On-campus participating properties, Development services, and Property management services. The vast majority of ACC's real estate portfolio is made up of wholly-owned properties in terms of total units. The company also derives nearly all of its income in the form of rental revenue from leasing its wholly-owned real estate assets to students through short-term leases. ACC is one of the owners of student housing properties in the U.S. in terms of the total number of beds owned.
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