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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 Sep. 2023, Manufactured Housing Properties has a Sloan Ratio of 4.15%, indicating the company is in the safe zone and there is no funny business with accruals.
Manufactured Housing Properties (OTCPK:MHPC) 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 Sep. 2023, Manufactured Housing Properties has a Sloan Ratio of 4.15%, indicating the company is in the safe zone and there is no funny business with accruals.
Manufactured Housing Properties Sloan Ratio % Related Terms
Manufactured Housing Properties 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.
Manufactured Housing Properties Sloan Ratio % Chart
MHPC vs WEWKQ, GYRO, LRHC: Sloan Ratio % Comparison
For the Real Estate Services subindustry, Manufactured Housing Properties'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.
Manufactured Housing Properties Sloan Ratio % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Manufactured Housing Properties's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Manufactured Housing Properties's Sloan Ratio % falls into.
Manufactured Housing Properties 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.
Manufactured Housing Properties's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -1.334 (Dec. 2022 ) + -1.935 (Mar. 2023 ) + -2.043 (Jun. 2023 ) + -2.056 (Sep. 2023 ) = $-7.37 Mil.
Manufactured Housing Properties's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was -0.058 (Dec. 2022 ) + -0.501 (Mar. 2023 ) + 0.196 (Jun. 2023 ) + -0.238 (Sep. 2023 ) = $-0.60 Mil.
Manufactured Housing Properties's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -1.939 (Dec. 2022 ) + -3 (Mar. 2023 ) + -5.578 (Jun. 2023 ) + -1.156 (Sep. 2023 ) = $-11.67 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.
Manufactured Housing Properties (MHPC) has a Sloan Ratio % of 4.15% as of Sep. 2023. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Manufactured Housing Properties and its competitors.
Is Manufactured Housing Properties' Sloan Ratio % too high?
Manufactured Housing Properties' current Sloan Ratio % is 4.15%. Overall, Manufactured Housing Properties has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Manufactured Housing Properties' Sloan Ratio % compare to WEWKQ and GYRO?
Manufactured Housing Properties' Sloan Ratio % of 4.15% can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Real Estate company?
A good Sloan Ratio % depends on the Real Estate industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Manufactured Housing Properties and its competitors. Manufactured Housing Properties's current Sloan Ratio % is 4.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manufactured Housing Properties stock overvalued right now?
Manufactured Housing Properties (MHPC) has a current Sloan Ratio % of 4.15%. The current Sloan Ratio % is 4.15%. Manufactured Housing Properties' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Manufactured Housing Properties (MHPC), the current Sloan Ratio % is 4.15% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Manufactured Housing Properties Business Description
Manufactured Housing Properties Inc is a self-administered, self-managed, vertically integrated owner and operator of manufactured housing communities. It provides non-subsidized affordable housing facilities. The company earns income from leasing manufactured home sites to tenants who own their manufactured homes as well as the rental of company-owned manufactured homes to residents of the communities. Its communities are located in Georgia, North Carolina, South Carolina, and Tennessee.
12GF Score
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