Bonyan REIT (SAU:4347) Sloan Ratio % : -11.01% (As of Dec. 2023)

Bonyan REIT Sloan Ratio % Chart

Bonyan REIT Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial						3.87	3.98	2.97	-7.04	-11.01

Competitive Comparison of Bonyan REIT's Sloan Ratio %

For the REIT - Diversified subindustry, Bonyan 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.

Bonyan REIT's Sloan Ratio % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Bonyan REIT's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Bonyan REIT's Sloan Ratio % falls into.

Bonyan 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.

Bonyan REIT's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Bonyan REIT's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Bonyan REIT's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 43.588 (Jun. 2023 ) + 67.313 (Dec. 2023 ) = ﷼110.9 Mil.
Bonyan REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 62.343 (Jun. 2023 ) + 102.249 (Dec. 2023 ) = ﷼164.6 Mil.
Bonyan REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 80.334 (Jun. 2023 ) + 58.064 (Dec. 2023 ) = ﷼138.4 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.

Bonyan REIT  (SAU:4347) 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 Dec. 2023, Bonyan REIT has a Sloan Ratio of -11.01%, indicating there is a warning stage of accrual build up.

Bonyan REIT Sloan Ratio % Related Terms

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Bonyan REIT Business Description