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Invesco Mortgage Capital Sloan Ratio %

: 30.49% (As of Sep. 2021)
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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.

Invesco Mortgage Capital's Sloan Ratio for the quarter that ended in Sep. 2021 was 30.49%.

Warning Sign:

When Sloan Ratio (-155.21)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Sep. 2021, Invesco Mortgage Capital has a Sloan Ratio of 30.49%, indicating earnings are more likely to be made up of accruals.


Invesco Mortgage Capital Sloan Ratio % Historical Data

The historical data trend for Invesco Mortgage Capital'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.

Invesco Mortgage Capital Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Sloan Ratio %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.50 16.86 -5.59 19.44 -155.21

Invesco Mortgage Capital Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Sloan Ratio % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -249.91 -155.21 8.43 77.63 30.49

Competitive Comparison

For the REIT - Mortgage subindustry, Invesco Mortgage Capital'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.

   

Invesco Mortgage Capital Sloan Ratio % Distribution

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

* The bar in red indicates where Invesco Mortgage Capital's Sloan Ratio % falls into.



Invesco Mortgage Capital 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.

Invesco Mortgage Capital's Sloan Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2020 )-Cash Flow from Operations (A: Dec. 2020 )
-Cash Flow from Investing (A: Dec. 2020 ))/Total Assets (A: Dec. 2020 )
=(-1674.352-170.459
-11554.509)/8632.851
=-155.21%

Invesco Mortgage Capital's Sloan Ratio for the quarter that ended in Sep. 2021 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2021 )
=(97.36-137.202
--2899.327)/9379.248
=30.49%

Invesco Mortgage Capital's Net Income for the trailing twelve months (TTM) ended in Sep. 2021 was 122.713 (Dec. 2020 ) + -9.275 (Mar. 2021 ) + -73.758 (Jun. 2021 ) + 57.68 (Sep. 2021 ) = $97.4 Mil.
Invesco Mortgage Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2021 was 26.747 (Dec. 2020 ) + 34.505 (Mar. 2021 ) + 38.972 (Jun. 2021 ) + 36.978 (Sep. 2021 ) = $137.2 Mil.
Invesco Mortgage Capital's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2021 was -2101.697 (Dec. 2020 ) + -986.251 (Mar. 2021 ) + 282.105 (Jun. 2021 ) + -93.484 (Sep. 2021 ) = $-2,899.3 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.


Invesco Mortgage Capital  (NYSE:IVR) 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 Sep. 2021, Invesco Mortgage Capital has a Sloan Ratio of 30.49%, indicating earnings are more likely to be made up of accruals.


Invesco Mortgage Capital Sloan Ratio % Related Terms

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


Invesco Mortgage Capital Business Description

Invesco Mortgage Capital logo
Industry
Real Estate » REITs NAICS : 531190 SIC : 6798
Address
1555 Peachtree Street, N.E., Suite 1800, Two Peachtree Pointe, Atlanta, GA, USA, 30309
Invesco Mortgage Capital Inc is an REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans. The company's portfolio consists of residential mortgage-backed securities for which a U.S. government agency or a federally chartered corporation guarantees payment of principal and interest, or Agency RMBS; residential mortgage-backed securities that are not issued or guaranteed by an agency, or nonagency RMBS; commercial mortgage-backed securities, or CMBS; and residential and commercial mortgage loans. The asset manager for the company is Invesco Advisers, a subsidiary of Invesco.
Executives
Hardin Edward J director 5430 LBJ FREEWAY SUIT 1700 DALLAS TX 75240
Lockhart Dennis P director 100 GOLF ROAD GOLF IL 60029
Handlon Carolyn B director 1555 PEACHTREE ST. NE, SUITE 1800 ATLANTA GA 30309
Day John director 1520 OLD TROLLEY ROAD SUMMERVILLE SC 29485
Lientz James R Jr director GEORGIA POSER CO BIN 10240 241 RALPH MCGILL BLVD ATLANTA GA 30308
Starr Loren M director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: STARR LOREN M a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Lyle David B officer: Chief Operating Officer 1555 PEACHTREE ST. NE SUITE 1800 ATLANTA GA 30309
Collins Kevin M officer: President 1555 PEACHTREE STREET NE SUITE 1800 ATLANTA GA 30309
Clemente Mario other: Officer of Manager 1555 PEACHTREE STREET, NE, SUITE 1800 ATLANTA GA 30309
Norris Brian officer: CIO 1555 PEACHTREE STREET, NE, SUITE 1800 ATLANTA GA 30309
Phegley Richard Lee Jr. officer: Chief Financial Officer 1555 PEACHTREE ST. NE SUITE 1800 ATLANTA GA 30309
Anzalone John officer: CEO INVESCO LTD. 1555 PEACHTREE STREET NE ATLANTA GA 30309
Perlis Roseann officer: Chief Accounting Officer 1555 PEACHTREE ST. NE SUITE 1800 ATLANTA GA 30309
Morris Sheri officer: Chief Investment Officer INVESCO LTD., 1555 PEACHTREE STREET NE SUITE 100 ATLANTA GA 30309
Marshall Jason officer: Chief Investment Officer 1555 PEACHTREE STREET, NE, SUITE 1800 ATLANTA GA 30309

Invesco Mortgage Capital Headlines

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