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.
FIBRA Macquarie's Sloan Ratio for the quarter that ended in Mar. 2024 was 8.19%.
As of Mar. 2024, FIBRA Macquarie has a Sloan Ratio of 8.19%, indicating the company is in the safe zone and there is no funny business with accruals.
FIBRA Macquarie Sloan Ratio % Historical Data
The historical data trend for FIBRA Macquarie'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.
Competitive Comparison of FIBRA Macquarie's Sloan Ratio %
For the REIT - Industrial subindustry, FIBRA Macquarie'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.
FIBRA Macquarie's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, FIBRA Macquarie's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where FIBRA Macquarie's Sloan Ratio % falls into.
FIBRA Macquarie 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.
FIBRA Macquarie's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
FIBRA Macquarie's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 1405.032 (Jun. 2023 ) + 2176.105 (Sep. 2023 ) + 1216.909 (Dec. 2023 ) + 1035.834 (Mar. 2024 ) = MXN5,834 Mil.
FIBRA Macquarie's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 627.102 (Jun. 2023 ) + 877.813 (Sep. 2023 ) + 608.419 (Dec. 2023 ) + 783.014 (Mar. 2024 ) = MXN2,896 Mil.
FIBRA Macquarie's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -390.57 (Jun. 2023 ) + -336.774 (Sep. 2023 ) + -466.056 (Dec. 2023 ) + -260.24 (Mar. 2024 ) = MXN-1,454 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.
FIBRA Macquarie (MEX:FIBRAMQ12) 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 Mar. 2024, FIBRA Macquarie has a Sloan Ratio of 8.19%, indicating the company is in the safe zone and there is no funny business with accruals.
FIBRA Macquarie Sloan Ratio % Related Terms
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FIBRA Macquarie (MEX:FIBRAMQ12) Business Description
FIBRA Macquarie is a real estate investment trust engaged in the acquisition, ownership, and leasing of real estate properties in Mexico. The company's real estate portfolio is comprised of industrial, retail, and office space. Industrial buildings represent the vast majority of FIBRA Macquarie's total number of properties, total square footage, and total revenue. Most of these industrial locations are used as manufacturing facilities and are located in Northern Mexico. FIBRA Macquarie derives nearly all of its revenue in the form of rental income from tenants. The company's major customers are automotive, electronics, and consumer products, manufacturers, and others.
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