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 Dec. 2023, Xior Student Housing NV has a Sloan Ratio of 2.90%, indicating the company is in the safe zone and there is no funny business with accruals.
Xior Student Housing NV 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 Xior Student Housing NV's Sloan Ratio %
For the REIT - Diversified subindustry, Xior Student Housing NV'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.
Xior Student Housing NV's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Xior Student Housing NV's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Xior Student Housing NV's Sloan Ratio % falls into.
Xior Student Housing NV 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.
Xior Student Housing NV's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Xior Student Housing NV's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 8.683 (Jun. 2023 ) + -18.581 (Dec. 2023 ) = €-9.9 Mil.
Xior Student Housing NV's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -0.267 (Jun. 2023 ) + 26.346 (Dec. 2023 ) = €26.1 Mil.
Xior Student Housing NV's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -97.376 (Jun. 2023 ) + -37.24 (Dec. 2023 ) = €-134.6 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.
Xior Student Housing NV (STU:5XR) 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 Dec. 2023, Xior Student Housing NV has a Sloan Ratio of 2.90%, indicating the company is in the safe zone and there is no funny business with accruals.
Xior Student Housing NV Sloan Ratio % Related Terms
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Xior Student Housing NV (STU:5XR) Business Description
Xior Student Housing NV is a real estate company specialized in the student housing sector operating in Belgium, the Netherlands, Spain and Portugal. It offers a variety of properties, ranging from rooms with shared facilities to en-suite rooms and fully equipped studios. The company also offers additional facilities, including access to certain buildings via a badge system, extra comfort, communal living facilities such as lounges and TV rooms, 24/7 emergency services, vending machines, washing machines, automated key systems and so on. The company mainly operates in Belgium and the Netherlands.
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