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.
As of Dec. 2023, Ingenia Communities Group has a Sloan Ratio of 4.05%, indicating the company is in the safe zone and there is no funny business with accruals.
Ingenia Communities Group Sloan Ratio % Historical Data
* 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 Ingenia Communities Group's Sloan Ratio %
For the REIT - Residential subindustry, Ingenia Communities Group'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.
Ingenia Communities Group's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Ingenia Communities Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ingenia Communities Group's Sloan Ratio % falls into.
Ingenia Communities Group 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.
Ingenia Communities Group's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Ingenia Communities Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 20.616 (Jun. 2023 ) + 28.452 (Dec. 2023 ) = $49.1 Mil.
Ingenia Communities Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 39.577 (Jun. 2023 ) + 14.622 (Dec. 2023 ) = $54.2 Mil.
Ingenia Communities Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -39.44 (Jun. 2023 ) + -31.906 (Dec. 2023 ) = $-71.3 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.
Ingenia Communities Group (OTCPK:INGEF) 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 Dec. 2023, Ingenia Communities Group has a Sloan Ratio of 4.05%, indicating the company is in the safe zone and there is no funny business with accruals.
Ingenia Communities Group Sloan Ratio % Related Terms
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Ingenia Communities Group (Ingenia Communities Group) Business Description
Ingenia Communities is an Australian real estate investment trust with a property portfolio capitalizing on tourism, retirement, and low-cost housing needs. The largest and fastest growing source of income is the firm's land-lease communities targeted at the over-55s population. This business generates development income on houses and rental income from the land. Additional rental and fee income are generated from housing communities and holiday parks. The firm's assets are situated in Australia's eastern states, with a focus on coastal and outer metropolitan regions.
Ingenia Communities Group (Ingenia Communities Group) Headlines
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