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CVC Property Fund (ASX:CJT) Sloan Ratio % : 0.00% (As of Dec. 2014)


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What is CVC Property Fund 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.

CVC Property Fund's Sloan Ratio for the quarter that ended in Dec. 2014 was 0.00%.

As of Dec. 2014, CVC Property Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


CVC Property Fund Sloan Ratio % Historical Data

The historical data trend for CVC Property Fund'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.

CVC Property Fund Sloan Ratio % Chart

CVC Property Fund Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 60.63 -1.58 -105.36 0.12 -15.68

CVC Property Fund Semi-Annual Data
Jun05 Dec05 Jun06 Dec06 Jun07 Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14
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 -15.79 0.12 -2.79 -15.68 -

Competitive Comparison of CVC Property Fund's Sloan Ratio %

For the Real Estate Services subindustry, CVC Property Fund'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.


CVC Property Fund's Sloan Ratio % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CVC Property Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where CVC Property Fund's Sloan Ratio % falls into.



CVC Property Fund 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.

CVC Property Fund's Sloan Ratio for the fiscal year that ended in Jun. 2014 is calculated as

Sloan Ratio=(Net Income (A: Jun. 2014 )-Cash Flow from Operations (A: Jun. 2014 )
-Cash Flow from Investing (A: Jun. 2014 ))/Total Assets (A: Jun. 2014 )
=(0.671-1.662
-3.512)/28.711
=-15.68%

CVC Property Fund's Sloan Ratio for the quarter that ended in Dec. 2014 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2014 )
=(1.883-1.966
-3.543)/28.597
=-12.68%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. CVC Property Fund's Net Income for the trailing twelve months (TTM) ended in Dec. 2014 was 0.817 (Jun. 2014 ) + 1.066 (Dec. 2014 ) = A$1.88 Mil.
CVC Property Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2014 was 0.763 (Jun. 2014 ) + 1.203 (Dec. 2014 ) = A$1.97 Mil.
CVC Property Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2014 was 3.543 (Jun. 2014 ) + 0 (Dec. 2014 ) = A$3.54 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.


CVC Property Fund  (ASX:CJT) 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 Dec. 2014, CVC Property Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


CVC Property Fund Sloan Ratio % Related Terms

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CVC Property Fund (ASX:CJT) Business Description

Traded in Other Exchanges
N/A
Address
CVC Property Fund (CJT, formerly Taragon Property Fund) is a listed registered managed investment scheme domiciled in Australia.

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