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.
Dream Impact Trust's Sloan Ratio for the quarter that ended in Mar. 2024 was -3.71%.
As of Mar. 2024, Dream Impact Trust has a Sloan Ratio of -3.71%, indicating the company is in the safe zone and there is no funny business with accruals.
Dream Impact Trust Sloan Ratio % Historical Data
The historical data trend for Dream Impact Trust'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.
Competitive Comparison of Dream Impact Trust's Sloan Ratio %
For the REIT - Diversified subindustry, Dream Impact Trust'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.
Dream Impact Trust's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Dream Impact Trust's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Dream Impact Trust's Sloan Ratio % falls into.
Dream Impact Trust 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.
Dream Impact Trust's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Dream Impact Trust's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -6.52 (Jun. 2023 ) + -9.177 (Sep. 2023 ) + -14.688 (Dec. 2023 ) + -4.006 (Mar. 2024 ) = $-34.39 Mil.
Dream Impact Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -7.459 (Jun. 2023 ) + -2.51 (Sep. 2023 ) + -4.299 (Dec. 2023 ) + -2.696 (Mar. 2024 ) = $-16.96 Mil.
Dream Impact Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 1.969 (Jun. 2023 ) + -1.874 (Sep. 2023 ) + 1.902 (Dec. 2023 ) + -0.062 (Mar. 2024 ) = $1.94 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.
Dream Impact Trust (OTCPK:DDHRF) 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 Mar. 2024, Dream Impact Trust has a Sloan Ratio of -3.71%, indicating the company is in the safe zone and there is no funny business with accruals.
Dream Impact Trust Sloan Ratio % Related Terms
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Dream Impact Trust (Dream Impact Trust) Business Description
Dream Impact Trust is a Canada-based open-ended trust. It is focused on asset alternative investments consisting of real estate, real estate lending, real estate development, and renewable power. The objective is to generate financial returns along with positive social and environmental impacts. It has two operating segments: The development and investment holdings segment is comprised of direct and indirect investments in residential and mixed-use developments, a hospitality asset, and participating mortgage receivables and the Recurring income segment is comprised of a portfolio of stabilized office and commercial real estate income properties and multi-family rental assets over which the trust has significant influence, joint control, or control, and interest-paying corporate loans.
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