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Jernigan Capital (Jernigan Capital) Sloan Ratio % : 2.67% (As of Sep. 2020)


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What is Jernigan Capital 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.

Jernigan Capital's Sloan Ratio for the quarter that ended in Sep. 2020 was 2.67%.

As of Sep. 2020, Jernigan Capital has a Sloan Ratio of 2.67%, indicating the company is in the safe zone and there is no funny business with accruals.


Jernigan Capital Sloan Ratio % Historical Data

The historical data trend for Jernigan Capital'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.

Jernigan Capital Sloan Ratio % Chart

Jernigan Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Sloan Ratio %
Get a 7-Day Free Trial 56.24 31.12 44.41 51.74 27.37

Jernigan Capital Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 Premium Member Only Premium Member Only Premium Member Only 31.73 27.37 18.60 11.58 2.67

Competitive Comparison of Jernigan Capital's Sloan Ratio %

For the REIT - Industrial subindustry, Jernigan Capital'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.


Jernigan Capital's Sloan Ratio % Distribution in the REITs Industry

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

* The bar in red indicates where Jernigan Capital's Sloan Ratio % falls into.



Jernigan Capital 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.

Jernigan Capital's Sloan Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2019 )-Cash Flow from Operations (A: Dec. 2019 )
-Cash Flow from Investing (A: Dec. 2019 ))/Total Assets (A: Dec. 2019 )
=(44.406--13.634
--164.422)/812.777
=27.37%

Jernigan Capital's Sloan Ratio for the quarter that ended in Sep. 2020 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2020 )
=(-51.337--12.983
--61.734)/874.284
=2.67%

Jernigan Capital's Net Income for the trailing twelve months (TTM) ended in Sep. 2020 was 6.465 (Dec. 2019 ) + -52.835 (Mar. 2020 ) + -0.341 (Jun. 2020 ) + -4.626 (Sep. 2020 ) = $-51.34 Mil.
Jernigan Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2020 was -4.825 (Dec. 2019 ) + -5.785 (Mar. 2020 ) + -0.918 (Jun. 2020 ) + -1.455 (Sep. 2020 ) = $-12.98 Mil.
Jernigan Capital's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2020 was -28.055 (Dec. 2019 ) + -26.39 (Mar. 2020 ) + -13.512 (Jun. 2020 ) + 6.223 (Sep. 2020 ) = $-61.73 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.


Jernigan Capital  (NYSE:JCAP) 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 Sep. 2020, Jernigan Capital has a Sloan Ratio of 2.67%, indicating the company is in the safe zone and there is no funny business with accruals.


Jernigan Capital Sloan Ratio % Related Terms

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Jernigan Capital (Jernigan Capital) Business Description

Traded in Other Exchanges
N/A
Address
6410 Poplar Avenue, Suite 650, Memphis, TN, USA, 38119
Jernigan Capital Inc is a real estate finance company. It offers capital to private developers, owners, and operators of self-storage facilities. The company's objective is to deliver long-term returns to shareholders by investing in newly constructed self-storage facilities and making loans secured by currently operating self-storage facilities. To achieve this objective company focuses on investments in development property and operating property loans. The majority of the revenue is generated from the interest income from investments made.
Executives
James D Dondero director 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201
John A Good director, officer: Chief Executive Officer C/O JERNIGAN CAPITAL, INC., 1395 BRICKELL AVENUE, MIAMI FL 33131
Jonathan L Perry officer: President, CIO 5 OLD LANCASTER ROAD, MALVERN PA 19355
Howard A Silver director 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Rebecca L Owen director 1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Mark O. Decker director 1395 BRICKELL AVENUE, MIAMI FL 33131
Harry J. Thie director 1395 BRICKELL AVENUE, MIAMI FL 33131
Kelly P Luttrell officer: SVP, CFO and Treasurer 1395 BRICKELL AVENUE, MIAMI FL 33131
David Corak officer: SVP, Corporate Finance 6410 POPLAR AVE, SUITE 650, MEMPHIS TN 38119
Randy L Churchey director 999 SOUTH SHADY GROVE ROAD, SUITE 600, MEMPHIS TN 38120
Dean Jernigan director, officer: Chairman and CEO C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
William C. Drummond officer: SVP, CFO and Treasurer 1395 BRICKELL AVENUE, MIAMI FL 33131
Sam J. Jenkins director 1395 BRICKELL AVENUE, MIAMI FL 33131
Gregory W. Ward officer: CFO, Secretary and Treasurer 1395 BRICKELL AVENUE, MIAMI FL 33131

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