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Circle Property (LSE:CRC) Sloan Ratio % : -90.21% (As of Sep. 2022)


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What is Circle Property 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.

Circle Property's Sloan Ratio for the quarter that ended in Sep. 2022 was -90.21%.

As of Sep. 2022, Circle Property has a Sloan Ratio of -90.21%, indicating earnings are more likely to be made up of accruals.


Circle Property Sloan Ratio % Historical Data

The historical data trend for Circle Property'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.

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Circle Property Sloan Ratio % Chart

Circle Property Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Sloan Ratio %
Get a 7-Day Free Trial 18.04 9.12 9.46 -5.17 -53.39

Circle Property Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.47 -5.16 -6.86 -53.39 -90.21

Competitive Comparison of Circle Property's Sloan Ratio %

For the Real Estate Services subindustry, Circle Property'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.


Circle Property's Sloan Ratio % Distribution in the Real Estate Industry

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

* The bar in red indicates where Circle Property's Sloan Ratio % falls into.



Circle Property 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.

Circle Property's Sloan Ratio for the fiscal year that ended in Mar. 2022 is calculated as

Sloan Ratio=(Net Income (A: Mar. 2022 )-Cash Flow from Operations (A: Mar. 2022 )
-Cash Flow from Investing (A: Mar. 2022 ))/Total Assets (A: Mar. 2022 )
=(4.368-1.855
-58.909)/105.638
=-53.39%

Circle Property's Sloan Ratio for the quarter that ended in Sep. 2022 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2022 )
=(2.435-0.076
-74.917)/80.428
=-90.21%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Circle Property's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was 3.934 (Mar. 2022 ) + -1.499 (Sep. 2022 ) = £2.44 Mil.
Circle Property's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was 0.23 (Mar. 2022 ) + -0.154 (Sep. 2022 ) = £0.08 Mil.
Circle Property's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was 56.563 (Mar. 2022 ) + 18.354 (Sep. 2022 ) = £74.92 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.


Circle Property  (LSE:CRC) 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. 2022, Circle Property has a Sloan Ratio of -90.21%, indicating earnings are more likely to be made up of accruals.


Circle Property Sloan Ratio % Related Terms

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Circle Property (LSE:CRC) Business Description

Traded in Other Exchanges
N/A
Address
c/o Oak Group (Jersey) Ltd, Castle Street, 3rd Floor, IFC5, St Helier, JEY, JE2 3BY
Circle Property PLC is a property investment company. The company acquires provincial office properties where it can add value by undertaking lease renewals, rent reviews, lettings, and refurbishments. It generates revenue from Rental income. Some of the company's portfolio include Kents Hill Park, Somerset House, One Castlepark, 36 Great Charles Street, Aztec West Business Park, Northampton Business Park, and others. Geographically, it operates only in the United Kingdom.