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SF Real Estate Investment Trust (HKSE:02191) Sloan Ratio % : -8.32% (As of Dec. 2024)


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What is SF Real Estate Investment Trust 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.

SF Real Estate Investment Trust's Sloan Ratio for the quarter that ended in Dec. 2024 was -8.32%.

As of Dec. 2024, SF Real Estate Investment Trust has a Sloan Ratio of -8.32%, indicating the company is in the safe zone and there is no funny business with accruals.


SF Real Estate Investment Trust Sloan Ratio % Historical Data

The historical data trend for SF Real Estate Investment 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.

* Premium members only.

SF Real Estate Investment Trust Sloan Ratio % Chart

SF Real Estate Investment Trust Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Sloan Ratio %
Get a 7-Day Free Trial -1.13 20.91 5.92 -1.56 -8.32

SF Real Estate Investment Trust Semi-Annual Data
Dec18 Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.92 1.05 -1.56 -3.73 -8.32

Competitive Comparison of SF Real Estate Investment Trust's Sloan Ratio %

For the REIT - Industrial subindustry, SF Real Estate Investment 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.


SF Real Estate Investment Trust's Sloan Ratio % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, SF Real Estate Investment Trust's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where SF Real Estate Investment Trust's Sloan Ratio % falls into.


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SF Real Estate Investment 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.

SF Real Estate Investment Trust's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2024 )-Cash Flow from Operations (A: Dec. 2024 )
-Cash Flow from Investing (A: Dec. 2024 ))/Total Assets (A: Dec. 2024 )
=(-294.534-249.303
-36.774)/6982.074
=-8.32%

SF Real Estate Investment Trust'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 )
=(-294.534-249.303
-36.774)/6982.074
=-8.32%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. SF Real Estate Investment Trust's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 12.182 (Jun. 2024 ) + -306.716 (Dec. 2024 ) = HK$-294.5 Mil.
SF Real Estate Investment Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 126.948 (Jun. 2024 ) + 122.355 (Dec. 2024 ) = HK$249.3 Mil.
SF Real Estate Investment Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was 35.953 (Jun. 2024 ) + 0.821 (Dec. 2024 ) = HK$36.8 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.


SF Real Estate Investment Trust  (HKSE:02191) 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, SF Real Estate Investment Trust has a Sloan Ratio of -8.32%, indicating the company is in the safe zone and there is no funny business with accruals.


SF Real Estate Investment Trust Sloan Ratio % Related Terms

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SF Real Estate Investment Trust Business Description

Traded in Other Exchanges
Address
111 Leighton Road, Room 2002, 20th Floor, Lee Garden Six, Causeway Bay, Hong Kong, HKG
SF Real Estate Investment Trust is a real estate investment trust. The company's initial portfolio comprises three properties located in Hong Kong, Foshan, and Wuhu, all of which are modern logistics properties and comprise distribution centers equipped with automatic sorting and supply chain support facilities, is strategically located within the key logistics hubs and near major airports, seaports, railways, express highways and transportation hubs in Hong Kong and the PRC. It derives revenue from rental income and management service income.
Executives
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
China Orient Asset Management (international) Holding Limited 2201 Interest of corporation controlled by you
Wang Wei 2201 Interest of corporation controlled by you
Shen Zhen Ming De Kong Gu Fa Zhan You Xian Gong Si 2201 Interest of corporation controlled by you
Shun Feng Kong Gu Gu Fen You Xian Gong Si 2201 Interest of corporation controlled by you
Ci Investments Inc. 2102 Investment manager
Sf Fengtai Industrial Park Holdings Limited 2101 Beneficial owner
Sf Holding Limited 2201 Interest of corporation controlled by you
Sunny Sail Holding Limited 2201 Interest of corporation controlled by you
Shen Zhen Shun Feng Tai Sen Kong Gu Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you

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