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.
Yorkton Equity Group's Sloan Ratio for the quarter that ended in Sep. 2023 was 40.72%.
As of Sep. 2023, Yorkton Equity Group has a Sloan Ratio of 40.72%, indicating there is a warning stage of accrual build up.
Yorkton Equity Group Sloan Ratio % Historical Data
The historical data trend for Yorkton Equity Group'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.
For the Real Estate - Diversified subindustry, Yorkton Equity Group'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.
Yorkton Equity Group Sloan Ratio % Distribution
For the Real Estate industry and Real Estate sector, Yorkton Equity Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Yorkton Equity Group's Sloan Ratio % falls into.
Yorkton Equity Group 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.
Yorkton Equity Group's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Yorkton Equity Group's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 0.083 (Dec. 2022 ) + 0.001 (Mar. 2023 ) + -0.135 (Jun. 2023 ) + 0.002 (Sep. 2023 ) = C$-0.05 Mil.
Yorkton Equity Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 0.159 (Dec. 2022 ) + 0.965 (Mar. 2023 ) + 0.295 (Jun. 2023 ) + -0.011 (Sep. 2023 ) = C$1.41 Mil.
Yorkton Equity Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was 0.078 (Dec. 2022 ) + -41.951 (Mar. 2023 ) + -0.165 (Jun. 2023 ) + -0.033 (Sep. 2023 ) = C$-42.07 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.
Yorkton Equity Group (TSXV:YEG) 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 Sep. 2023, Yorkton Equity Group has a Sloan Ratio of 40.72%, indicating there is a warning stage of accrual build up.
Yorkton Equity Group Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Yorkton Equity Group's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Yorkton Equity Group (TSXV:YEG) Business Description
Yorkton Equity Group Inc is a fully integrated, growth-oriented real estate investment company committed to providing shareholders with investment opportunities through the accretive acquisitions of multi-family revenue properties in strategic markets across Canada, with its current focus in Western Canada. YEG's focus is to acquire and manage multi-family revenue properties in growing strategic markets across Canada with strong economic fundamentals and to grow the Net Operating Income (NOI) and the Net Asset Value (NAV) of its revenue property portfolio.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TSXV:YEG has been successfully added to your 