What is Ryman Hospitality 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.
* 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 Ryman Hospitality Properties's Sloan Ratio %
For the REIT - Hotel & Motel subindustry, Ryman Hospitality 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.
Ryman Hospitality Properties's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Ryman Hospitality Properties's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ryman Hospitality Properties's Sloan Ratio % falls into.
Ryman Hospitality 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.
Ryman Hospitality Properties's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 61.32 (Mar. 2023 ) + 66.543 (Jun. 2023 ) + 41.227 (Sep. 2023 ) + 142.127 (Dec. 2023 ) = $311 Mil.
Ryman Hospitality Properties's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 31.711 (Mar. 2023 ) + 183.791 (Jun. 2023 ) + 154.427 (Sep. 2023 ) + 187.127 (Dec. 2023 ) = $557 Mil.
Ryman Hospitality Properties's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -48.544 (Mar. 2023 ) + -836.956 (Jun. 2023 ) + -42.711 (Sep. 2023 ) + -84.605 (Dec. 2023 ) = $-1,013 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.
Ryman Hospitality Properties (NYSE:RHP) 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 Dec. 2023, Ryman Hospitality Properties has a Sloan Ratio of 14.78%, indicating there is a warning stage of accrual build up.
Ryman Hospitality Properties Sloan Ratio % Related Terms
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Ryman Hospitality Properties (Ryman Hospitality Properties) Business Description
Ryman Hospitality Properties Inc is a lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. Its core holdings are Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center. The company has three business segments: Hospitality, which includes Gaylord Hotels properties, the Inn at Opryland, and the AC Hotel, Entertainment which includes the entertainment and media assets comprising OEG, and Corporate and Other, which includes corporate expenses. It derives the vast majority of its revenue from its hospitality segment.
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