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Charter Hall Long WALE REIT (ASX:CLW) Sloan Ratio % : -19.88% (As of Dec. 2024)


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What is Charter Hall Long WALE 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.

Charter Hall Long WALE REIT's Sloan Ratio for the quarter that ended in Dec. 2024 was -19.88%.

As of Dec. 2024, Charter Hall Long WALE REIT has a Sloan Ratio of -19.88%, indicating there is a warning stage of accrual build up.


Charter Hall Long WALE REIT Sloan Ratio % Historical Data

The historical data trend for Charter Hall Long WALE 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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Charter Hall Long WALE REIT Sloan Ratio % Chart

Charter Hall Long WALE REIT Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Sloan Ratio %
Get a 7-Day Free Trial 37.19 33.08 21.71 -5.11 -18.25

Charter Hall Long WALE REIT Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 6.90 -5.11 -11.17 -18.25 -19.88

Competitive Comparison of Charter Hall Long WALE REIT's Sloan Ratio %

For the REIT - Diversified subindustry, Charter Hall Long WALE 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.


Charter Hall Long WALE REIT's Sloan Ratio % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Charter Hall Long WALE REIT's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Charter Hall Long WALE REIT's Sloan Ratio % falls into.


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Charter Hall Long WALE 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.

Charter Hall Long WALE REIT's Sloan Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Sloan Ratio=(Net Income (A: Jun. 2024 )-Cash Flow from Operations (A: Jun. 2024 )
-Cash Flow from Investing (A: Jun. 2024 ))/Total Assets (A: Jun. 2024 )
=(-510.878-185.176
-262.283)/5252.475
=-18.25%

Charter Hall Long WALE REIT's Sloan Ratio for the quarter that ended in Dec. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2024 )
=(-201.223-178.516
-602.324)/4940.645
=-19.88%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Charter Hall Long WALE REIT's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was -252.506 (Jun. 2024 ) + 51.283 (Dec. 2024 ) = A$-201.2 Mil.
Charter Hall Long WALE REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 93.086 (Jun. 2024 ) + 85.43 (Dec. 2024 ) = A$178.5 Mil.
Charter Hall Long WALE REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 327.936 (Jun. 2024 ) + 274.388 (Dec. 2024 ) = A$602.3 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.


Charter Hall Long WALE REIT  (ASX:CLW) 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. 2024, Charter Hall Long WALE REIT has a Sloan Ratio of -19.88%, indicating there is a warning stage of accrual build up.


Charter Hall Long WALE REIT Sloan Ratio % Related Terms

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Charter Hall Long WALE REIT Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000
Charter Hall Long Wale REIT is a diversified property trust with assets across Australia and New Zealand. It boasts nearly full occupancy and long average lease durations. Over half of its leases are triple-net, where tenants cover most operating expenses. The REIT's extensive portfolio includes offices, industrial, retail, social infrastructure, and agricultural logistics, with the majority located on Australia's eastern seaboard.