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JPMorgan Global Core Real Assets (LSE:JARA) Sloan Ratio % : 0.00% (As of Aug. 2024)


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What is JPMorgan Global Core Real Assets 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.

JPMorgan Global Core Real Assets's Sloan Ratio for the quarter that ended in Aug. 2024 was 0.00%.

As of Aug. 2024, JPMorgan Global Core Real Assets has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


JPMorgan Global Core Real Assets Sloan Ratio % Historical Data

The historical data trend for JPMorgan Global Core Real Assets'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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JPMorgan Global Core Real Assets Sloan Ratio % Chart

JPMorgan Global Core Real Assets Annual Data
Trend Feb20 Feb21 Feb22 Feb23 Feb24
Sloan Ratio %
- - - - -

JPMorgan Global Core Real Assets Semi-Annual Data
Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Competitive Comparison of JPMorgan Global Core Real Assets's Sloan Ratio %

For the Asset Management subindustry, JPMorgan Global Core Real Assets'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.


JPMorgan Global Core Real Assets's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, JPMorgan Global Core Real Assets's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where JPMorgan Global Core Real Assets's Sloan Ratio % falls into.


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JPMorgan Global Core Real Assets 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.

JPMorgan Global Core Real Assets's Sloan Ratio for the fiscal year that ended in Feb. 2024 is calculated as

Sloan Ratio=(Net Income (A: Feb. 2024 )-Cash Flow from Operations (A: Feb. 2024 )
-Cash Flow from Investing (A: Feb. 2024 ))/Total Assets (A: Feb. 2024 )
=(-11.879-15.62
-0)/196.884
=-13.97%

JPMorgan Global Core Real Assets's Sloan Ratio for the quarter that ended in Aug. 2024 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Aug. 2024 )
=(-4.593-15.788
-2.221)/185.889
=-12.16%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. JPMorgan Global Core Real Assets's Net Income for the trailing twelve months (TTM) ended in Aug. 2024 was -1.336 (Feb. 2024 ) + -3.257 (Aug. 2024 ) = £-4.59 Mil.
JPMorgan Global Core Real Assets's Cash Flow from Operations for the trailing twelve months (TTM) ended in Aug. 2024 was 11.655 (Feb. 2024 ) + 4.133 (Aug. 2024 ) = £15.79 Mil.
JPMorgan Global Core Real Assets's Cash Flow from Investing for the trailing twelve months (TTM) ended in Aug. 2024 was 0 (Feb. 2024 ) + 2.221 (Aug. 2024 ) = £2.22 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.


JPMorgan Global Core Real Assets  (LSE:JARA) 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 Aug. 2024, JPMorgan Global Core Real Assets has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


JPMorgan Global Core Real Assets Sloan Ratio % Related Terms

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JPMorgan Global Core Real Assets Business Description

Traded in Other Exchanges
N/A
Address
La Charroterie, Level 3, Mill Court, Saint Peter Port, GGY, GY1 1EJ
JPMorgan Global Core Real Assets Ltd is a closed-ended investment company. Its investment objective is to provide shareholders with stable income and capital appreciation from exposure to a globally diversified portfolio of Core Real Assets. Its portfolio spans the entire scope of core real assets, namely Infrastructure (Utilities, Bulk Storage, Fixed Transport, Energy); Transportation (Maritime, Aviation, Energy Logistics, Rail); and Real Estate (Retail, Office, Industrial, Residential).

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