What is Aliansce Sonae Shopping Centers Sloan Ratio %?
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 Mar. 2024, Aliansce Sonae Shopping Centers has a Sloan Ratio of -7.67%, indicating the company is in the safe zone and there is no funny business with accruals.
Aliansce Sonae Shopping Centers 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.
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Aliansce Sonae Shopping Centers Sloan Ratio % Chart
Competitive Comparison of Aliansce Sonae Shopping Centers's Sloan Ratio %
For the Real Estate Services subindustry, Aliansce Sonae Shopping Centers'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.
Aliansce Sonae Shopping Centers's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Aliansce Sonae Shopping Centers's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Aliansce Sonae Shopping Centers's Sloan Ratio % falls into.
Aliansce Sonae Shopping Centers 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.
Aliansce Sonae Shopping Centers's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 31.519 (Jun. 2023 ) + 4.795 (Sep. 2023 ) + 48.024 (Dec. 2023 ) + 18.287 (Mar. 2024 ) = $102.6 Mil.
Aliansce Sonae Shopping Centers's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 78.917 (Jun. 2023 ) + 88.19 (Sep. 2023 ) + 104.942 (Dec. 2023 ) + 82.65 (Mar. 2024 ) = $354.7 Mil.
Aliansce Sonae Shopping Centers's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 95.855 (Jun. 2023 ) + 22.157 (Sep. 2023 ) + 20.358 (Dec. 2023 ) + 29.584 (Mar. 2024 ) = $168.0 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.
Aliansce Sonae Shopping Centers (OTCPK:SORRF) 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, Aliansce Sonae Shopping Centers has a Sloan Ratio of -7.67%, indicating the company is in the safe zone and there is no funny business with accruals.
Aliansce Sonae Shopping Centers Sloan Ratio % Related Terms
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Aliansce Sonae Shopping Centers (Aliansce Sonae Shopping Centers) Business Description
ALLOS SA Formerly Aliansce Sonae Shopping Centers SA is a full-service company engaged in investing, directly or indirectly in commercial centers, shopping malls, and similar ventures, and in other companies as a partner or stockholder, as well as rendering commercial advisory services, and management of shopping malls and condominiums. It has three operating segments; Rent refers to the operating leases of the shopping malls that include rent, assignment of the right of use, and transfer fee revenue, Parking lot refers to the operation of the parking lot of the shopping mall, and Rendering of services involves the trading, rental, and condominium management and development/planning services carried out in shopping malls owned by the Company and third parties.
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