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Hedge Brasil Shopping Fundo DE Investimento Imobiliario (BSP:HGBS11) Sloan Ratio % : 13.28% (As of Dec. 2023)


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What is Hedge Brasil Shopping Fundo DE Investimento Imobiliario 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.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Sloan Ratio for the quarter that ended in Dec. 2023 was 13.28%.

As of Dec. 2023, Hedge Brasil Shopping Fundo DE Investimento Imobiliario has a Sloan Ratio of 13.28%, indicating there is a warning stage of accrual build up.


Hedge Brasil Shopping Fundo DE Investimento Imobiliario Sloan Ratio % Historical Data

The historical data trend for Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Sloan Ratio % Chart

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.55 8.22 -2.85 3.68 13.28

Hedge Brasil Shopping Fundo DE Investimento Imobiliario Semi-Annual Data
Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
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 11.55 8.22 -2.85 3.68 13.28

Competitive Comparison of Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Sloan Ratio %

For the REIT - Retail subindustry, Hedge Brasil Shopping Fundo DE Investimento Imobiliario'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.


Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Sloan Ratio % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Sloan Ratio % falls into.



Hedge Brasil Shopping Fundo DE Investimento Imobiliario 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.

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(337.575-157.48
--253.906)/3269.122
=13.28%

Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(337.575-157.48
--253.906)/3269.122
=13.28%

For company reported annually, GuruFocus uses latest annual data as the TTM data. Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was R$337.6 Mil.
Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was R$157.5 Mil.
Hedge Brasil Shopping Fundo DE Investimento Imobiliario's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was R$-253.9 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.


Hedge Brasil Shopping Fundo DE Investimento Imobiliario  (BSP:HGBS11) 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. 2023, Hedge Brasil Shopping Fundo DE Investimento Imobiliario has a Sloan Ratio of 13.28%, indicating there is a warning stage of accrual build up.


Hedge Brasil Shopping Fundo DE Investimento Imobiliario Sloan Ratio % Related Terms

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Hedge Brasil Shopping Fundo DE Investimento Imobiliario Business Description

Traded in Other Exchanges
N/A
Address
Avenue Brigadeiro Faria, 3600 - 11th floor, Sao Paulo, SP, BRA, 4538132
Hedge Brasil Shopping Fundo DE Investimento Imobiliario is a Brazilian real estate investment fund with objective to obtain capital appreciation by acquisition of interests in shopping centers. The objective of the Fund is the acquisition for commercial exploitation of commercial real estate projects, which are duly built or are subject to renovations, improvements or expansions, through the acquisition of portions and/or the entirety of real estate projects, directly or indirectly, through the assets provided for in the Regulation, for subsequent sale, rental or leasing, including assets and rights related to them.

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