GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Homeinns Hotel Group (NAS:HMIN) » Definitions » Sloan Ratio %

Homeinns Hotel Group (Homeinns Hotel Group) Sloan Ratio %

: 0.00% (As of Sep. 2015) 中文
View and export this data going back to . Start your Free Trial

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.

Homeinns Hotel Group's Sloan Ratio for the quarter that ended in Sep. 2015 was 0.00%.

As of Sep. 2015, Homeinns Hotel Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Homeinns Hotel Group Sloan Ratio % Historical Data

The historical data trend for Homeinns Hotel Group'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.

* Premium members only.

Homeinns Hotel Group Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Sloan Ratio %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.03 2.54 -1.39 -3.47 -

Homeinns Hotel Group Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15
Sloan Ratio % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison

For the Lodging subindustry, Homeinns Hotel Group'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.


Homeinns Hotel Group Sloan Ratio % Distribution

For the Travel & Leisure industry and Consumer Cyclical sector, Homeinns Hotel Group's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Homeinns Hotel Group's Sloan Ratio % falls into.



Homeinns Hotel Group 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.

Homeinns Hotel Group's Sloan Ratio for the fiscal year that ended in Dec. 2014 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2014 )-Cash Flow from Operations (A: Dec. 2014 )
-Cash Flow from Investing (A: Dec. 2014 ))/Total Assets (A: Dec. 2014 )
=(82.913-217.369
--81.8)/1518.065
=-3.47%

Homeinns Hotel Group's Sloan Ratio for the quarter that ended in Sep. 2015 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2015 )
=(42.122-0
-0)/1510.441
=2.79%

Homeinns Hotel Group's Net Income for the trailing twelve months (TTM) ended in Sep. 2015 was 13.666 (Dec. 2014 ) + -6.022 (Mar. 2015 ) + 11.613 (Jun. 2015 ) + 22.865 (Sep. 2015 ) = $42.1 Mil.
Homeinns Hotel Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2015 was 0 (Dec. 2014 ) + 0 (Mar. 2015 ) + 0 (Jun. 2015 ) + 0 (Sep. 2015 ) = $0.0 Mil.
Homeinns Hotel Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2015 was 0 (Dec. 2014 ) + 0 (Mar. 2015 ) + 0 (Jun. 2015 ) + 0 (Sep. 2015 ) = $0.0 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.


Homeinns Hotel Group  (NAS:HMIN) 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.

According to How to Beat the Market with the Sloan Ratio:

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 Sep. 2015, Homeinns Hotel Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Homeinns Hotel Group Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Homeinns Hotel Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Homeinns Hotel Group (Homeinns Hotel Group) Business Description

Traded in Other Exchanges
N/A
Address
Homeinns Hotel Group was incorporated in the Cayman Islands on May 2006. The Company develops and operates economy hotels across China under its "Home Inn", "Yitel" and its recently acquired "Motel 168" brands. As of December 31, 2013, the Company had 2,180 hotels in operation, including 872 leased-and-operated hotels and 1,308 franchised-and-managed hotels, with approximately 256,555 rooms located in 287 cities across China, and an additional 161 hotels under development. It competes with other economy hotel chains, such as Jinjiang Star, 7 Days Inn, Han Ting, Green Tree Inn and Super 8, as well as various regional and local economy hotel chains.

Homeinns Hotel Group (Homeinns Hotel Group) Headlines

From GuruFocus

Matthews China Fund Comments on Homeinns Hotel Group

By Vera Yuan Vera Yuan 04-29-2015

Shorting China

By David Pinsen DaveinHackensack 04-25-2010