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Mori Trust Reit (Mori Trust Reit) Sloan Ratio % : 0.85% (As of Sep. 2022)


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What is Mori Trust Reit 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.

Mori Trust Reit's Sloan Ratio for the quarter that ended in Sep. 2022 was 0.85%.

As of Sep. 2022, Mori Trust Reit has a Sloan Ratio of 0.85%, indicating the company is in the safe zone and there is no funny business with accruals.


Mori Trust Reit Sloan Ratio % Historical Data

The historical data trend for Mori Trust Reit'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.

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Mori Trust Reit Sloan Ratio % Chart

Mori Trust Reit Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.90 -0.44 -0.58 0.11 0.67

Mori Trust Reit Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Feb24
Sloan Ratio % Get a 7-Day Free Trial 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 -0.22 0.11 1.08 0.85 -

Competitive Comparison of Mori Trust Reit's Sloan Ratio %

For the REIT - Office subindustry, Mori Trust Reit'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.


Mori Trust Reit's Sloan Ratio % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mori Trust Reit's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Mori Trust Reit's Sloan Ratio % falls into.



Mori Trust Reit 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.

Mori Trust Reit's Sloan Ratio for the fiscal year that ended in Sep. 2022 is calculated as

Sloan Ratio=(Net Income (A: Sep. 2022 )-Cash Flow from Operations (A: Sep. 2022 )
-Cash Flow from Investing (A: Sep. 2022 ))/Total Assets (A: Sep. 2022 )
=(54.916-155.199
--115.469)/2274.563
=0.67%

Mori Trust Reit's Sloan Ratio for the quarter that ended in Sep. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2022 )
=(61.514-181.615
--139.388)/2274.563
=0.85%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Mori Trust Reit's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was 38.265 (Mar. 2022 ) + 23.249 (Sep. 2022 ) = $61.51 Mil.
Mori Trust Reit's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was 153.199 (Mar. 2022 ) + 28.416 (Sep. 2022 ) = $181.62 Mil.
Mori Trust Reit's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was -138.714 (Mar. 2022 ) + -0.674 (Sep. 2022 ) = $-139.39 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.


Mori Trust Reit  (OTCPK:MRGIF) 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. 2022, Mori Trust Reit has a Sloan Ratio of 0.85%, indicating the company is in the safe zone and there is no funny business with accruals.


Mori Trust Reit Sloan Ratio % Related Terms

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Mori Trust Reit (Mori Trust Reit) Business Description

Traded in Other Exchanges
Address
3-1 Toranomon 4-chome, Minato-ku, Tokyo, JPN
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.

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