GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Starlight US Residential Fund (TSXV:SURF.A) » Definitions » Sloan Ratio %

Starlight US Residential Fund (TSXV:SURF.A) Sloan Ratio % : 0.00% (As of . 20)


View and export this data going back to 2021. Start your Free Trial

What is Starlight US Residential Fund 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.

Starlight US Residential Fund's Sloan Ratio for the quarter that ended in . 20 was 0.00%.

As of . 20, Starlight US Residential Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Starlight US Residential Fund Sloan Ratio % Historical Data

The historical data trend for Starlight US Residential Fund'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.

* Premium members only.

Starlight US Residential Fund Sloan Ratio % Chart

Starlight US Residential Fund Annual Data
Trend
Sloan Ratio %

Starlight US Residential Fund Semi-Annual Data
Sloan Ratio %

Competitive Comparison of Starlight US Residential Fund's Sloan Ratio %

For the REIT - Residential subindustry, Starlight US Residential Fund'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.


Starlight US Residential Fund's Sloan Ratio % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Starlight US Residential Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Starlight US Residential Fund's Sloan Ratio % falls into.



Starlight US Residential Fund 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.

Starlight US Residential Fund's Sloan Ratio for the fiscal year that ended in . 20 is calculated as

Sloan Ratio=(Net Income (A: . 20 )-Cash Flow from Operations (A: . 20 )
-Cash Flow from Investing (A: . 20 ))/Total Assets (A: . 20 )
=(-
-)/
=%

Starlight US Residential Fund's Sloan Ratio for the quarter that ended in . 20 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: . 20 )
=(-
-)/
=%

Starlight US Residential Fund does not have enough years/quarters to calculate the Net Income, Cash Flow from Investing, and Cash Flow from Investing for the trailing twelve months (TTM) ended in . 20.

* 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.


Starlight US Residential Fund  (TSXV:SURF.A) 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 . 20, Starlight US Residential Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Starlight US Residential Fund Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of Starlight US Residential Fund's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


Starlight US Residential Fund Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
3280 Bloor Street West, Suite 1400, Centre Tower, Toronto, ON, CAN, M8X 2X3
Starlight US Residential Fund is a closed-end trust. It is engaged in directly or indirectly acquiring, owning, and operating a portfolio composed of income-producing residential properties and single-family rental homes in the United States (U.S.) residential real estate market. The fund's objective is to enhance its assets' value through active management before disposition.

Starlight US Residential Fund Headlines

No Headlines