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.
NewRiver REIT's Sloan Ratio for the quarter that ended in Mar. 2024 was -5.56%.
As of Mar. 2024, NewRiver REIT has a Sloan Ratio of -5.56%, indicating the company is in the safe zone and there is no funny business with accruals.
NewRiver REIT Sloan Ratio % Historical Data
The historical data trend for NewRiver REIT'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 NewRiver REIT's Sloan Ratio %
For the REIT - Retail subindustry, NewRiver REIT'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.
NewRiver REIT's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, NewRiver REIT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where NewRiver REIT's Sloan Ratio % falls into.
NewRiver REIT 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.
NewRiver REIT's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
NewRiver REIT's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -3.218 (Sep. 2023 ) + 7.116 (Mar. 2024 ) = $3.90 Mil.
NewRiver REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 21.658 (Sep. 2023 ) + 6.607 (Mar. 2024 ) = $28.27 Mil.
NewRiver REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 25.248 (Sep. 2023 ) + 4.066 (Mar. 2024 ) = $29.31 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.
NewRiver REIT (OTCPK:NRWRF) 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, NewRiver REIT has a Sloan Ratio of -5.56%, indicating the company is in the safe zone and there is no funny business with accruals.
NewRiver REIT Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of NewRiver REIT's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
NewRiver REIT PLC is a real estate investment trust that invests in, manages, and develops retail and leisure properties. The company's property portfolio comprises shopping centers, retail warehouses, and pubs across the United Kingdom. The retail properties contribute a substantial amount to the total revenue, and these are largely located in Yorkshire and Humberside, London, Northeast and Southeast England, Scotland, and Wales. The company generates a majority of its revenue from leasing properties to tenants, which include discount retailers, fashion and accessory stores, groceries, homeware and furniture stores, and dining venues among others.
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