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. 2024, Premiere Horizon Alliance has a Sloan Ratio of 7.31%, indicating the company is in the safe zone and there is no funny business with accruals.
Premiere Horizon Alliance 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.
Competitive Comparison of Premiere Horizon Alliance's Sloan Ratio %
For the Real Estate Services subindustry, Premiere Horizon Alliance'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.
Premiere Horizon Alliance's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Premiere Horizon Alliance's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Premiere Horizon Alliance's Sloan Ratio % falls into.
Premiere Horizon Alliance 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.
Premiere Horizon Alliance's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Premiere Horizon Alliance's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 61.78 (Dec. 2023 ) + -30.274 (Mar. 2024 ) + -38.448 (Jun. 2024 ) + -5.476 (Sep. 2024 ) = ₱-12.4 Mil.
Premiere Horizon Alliance's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was -156.679 (Dec. 2023 ) + -45.205 (Mar. 2024 ) + -55.97 (Jun. 2024 ) + -38.532 (Sep. 2024 ) = ₱-296.4 Mil.
Premiere Horizon Alliance's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -10.21 (Dec. 2023 ) + -1.498 (Mar. 2024 ) + -40.564 (Jun. 2024 ) + -8.009 (Sep. 2024 ) = ₱-60.3 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.
Premiere Horizon Alliance (PHS:PHA) 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. 2024, Premiere Horizon Alliance has a Sloan Ratio of 7.31%, indicating the company is in the safe zone and there is no funny business with accruals.
Premiere Horizon Alliance Sloan Ratio % Related Terms
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Premiere Horizon Alliance Corp engages in business activities relating to entertainment, gaming, hotel, and leisure. The company's business segments are Mining, Real estate, Service contracts, and others. Its Mining segment pertains to the operations of RCDC (Redstone Construction and Development Corporation) which provides hauling and excavation for mining companies. The real estate segment pertains to the operations of GLCI which develops and sells master-planned communities of low to mid-rise residential and commercial condominiums including student dormitories. The service contract segment pertains to the beach operations of TCNBI and to the rental of mining equipment of PGDI. The company generates maximum revenue from Others.
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