What is New England Realty Associates LP 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 Dec. 2023, New England Realty Associates LP has a Sloan Ratio of 6.02%, indicating the company is in the safe zone and there is no funny business with accruals.
New England Realty Associates LP 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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New England Realty Associates LP Sloan Ratio % Chart
Competitive Comparison of New England Realty Associates LP's Sloan Ratio %
For the Real Estate Services subindustry, New England Realty Associates LP'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.
New England Realty Associates LP's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, New England Realty Associates LP's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where New England Realty Associates LP's Sloan Ratio % falls into.
New England Realty Associates LP 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.
New England Realty Associates LP's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 1.754 (Mar. 2023 ) + 2.225 (Jun. 2023 ) + 2.175 (Sep. 2023 ) + 2.299 (Dec. 2023 ) = $8.45 Mil.
New England Realty Associates LP's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 2.38 (Mar. 2023 ) + 5.788 (Jun. 2023 ) + 8.133 (Sep. 2023 ) + 7.882 (Dec. 2023 ) = $24.18 Mil.
New England Realty Associates LP's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -20.025 (Mar. 2023 ) + 27.737 (Jun. 2023 ) + -44.231 (Sep. 2023 ) + -2.424 (Dec. 2023 ) = $-38.94 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.
New England Realty Associates LP (AMEX:NEN) 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, New England Realty Associates LP has a Sloan Ratio of 6.02%, indicating the company is in the safe zone and there is no funny business with accruals.
New England Realty Associates LP Sloan Ratio % Related Terms
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New England Realty Associates LP (New England Realty Associates LP) Business Description
New England Realty Associates LP is engaged in the business of acquiring, developing, holding for investment, operating and selling real estate. The Partnership owns and operates various residential apartments, condominium units and commercial properties located in Massachusetts and New Hampshire. The company generates revenue from rental income from residential and commercial properties recognized over the term of the related lease. The long-term goals of the Partnership are to manage, rent and improve its properties and to acquire additional properties with income and capital appreciation potential as suitable opportunities arise.
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