What is Gaming and Leisure Properties 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, Gaming and Leisure Properties has a Sloan Ratio of 3.19%, indicating the company is in the safe zone and there is no funny business with accruals.
Gaming and Leisure Properties 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 Gaming and Leisure Properties's Sloan Ratio %
For the REIT - Specialty subindustry, Gaming and Leisure Properties'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.
Gaming and Leisure Properties's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties's Sloan Ratio % falls into.
Gaming and Leisure Properties 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.
Gaming and Leisure Properties's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 155.63 (Jun. 2023 ) + 184.01 (Sep. 2023 ) + 211.292 (Dec. 2023 ) + 174.464 (Mar. 2024 ) = $725 Mil.
Gaming and Leisure Properties's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 251.933 (Jun. 2023 ) + 253.26 (Sep. 2023 ) + 262.996 (Dec. 2023 ) + 257.872 (Mar. 2024 ) = $1,026 Mil.
Gaming and Leisure Properties's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -23.801 (Jun. 2023 ) + -189.415 (Sep. 2023 ) + -15.533 (Dec. 2023 ) + -448.401 (Mar. 2024 ) = $-677 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.
Gaming and Leisure Properties (NAS:GLPI) 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, Gaming and Leisure Properties has a Sloan Ratio of 3.19%, indicating the company is in the safe zone and there is no funny business with accruals.
Gaming and Leisure Properties Sloan Ratio % Related Terms
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Gaming and Leisure Properties (Gaming and Leisure Properties) Business Description
Gaming and Leisure Properties Inc, or GLP, is a real estate investment property trust primarily involved in the leasing of gaming and related facilities to wholly-owned subsidiaries of Penn National Gaming, or Penn, throughout the U.S. GLP segments its operations into GLP Capital and TRS Properties divisions. The company derives the vast majority of its revenue from its GLP Capital unit in the form of rental income from dockside and land-based casinos located mostly in the American Midwest. Almost all of GLP Capital's leases are long-term agreements that give Penn the option for future extensions. Gaming revenue generated by TRS Properties, which encompasses the operations of Hollywood Casino Perryville and Hollywood Casino Baton Rouge, also represents a significant income stream for GLP.
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