Grande Asset Hotels And Property PCL (BKK:GRAND) Sloan Ratio % : -3.98% (As of Mar. 2024)

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What is Grande Asset Hotels And Property PCL 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.

Grande Asset Hotels And Property PCL's Sloan Ratio for the quarter that ended in Mar. 2024 was -3.98%.

As of Mar. 2024, Grande Asset Hotels And Property PCL has a Sloan Ratio of -3.98%, indicating the company is in the safe zone and there is no funny business with accruals.

Grande Asset Hotels And Property PCL Sloan Ratio % Historical Data

The historical data trend for Grande Asset Hotels And Property PCL'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.

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Grande Asset Hotels And Property PCL Sloan Ratio % Chart

Grande Asset Hotels And Property PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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8.54

-9.00

-1.50

-2.99

-3.84

Grande Asset Hotels And Property PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Sloan Ratio %	Get a 7-Day Free Trial															-2.76	-0.74	-3.29	-3.84	-3.98

Competitive Comparison of Grande Asset Hotels And Property PCL's Sloan Ratio %

For the Lodging subindustry, Grande Asset Hotels And Property PCL'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.

Grande Asset Hotels And Property PCL's Sloan Ratio % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Grande Asset Hotels And Property PCL's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Grande Asset Hotels And Property PCL's Sloan Ratio % falls into.

Grande Asset Hotels And Property PCL 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.

Grande Asset Hotels And Property PCL's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(-753.012	-	66.238
	-	-118.657)	/	18266.162
	=	-3.84%

Grande Asset Hotels And Property PCL's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Mar. 2024 )
	=	(-725.175	-	100.631
	-	-104.528)	/	18108.565
	=	-3.98%

Grande Asset Hotels And Property PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -169.343 (Jun. 2023 ) + -239.876 (Sep. 2023 ) + -158.433 (Dec. 2023 ) + -157.523 (Mar. 2024 ) = ฿-725 Mil.
Grande Asset Hotels And Property PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 40.237 (Jun. 2023 ) + -15.723 (Sep. 2023 ) + 69.658 (Dec. 2023 ) + 6.459 (Mar. 2024 ) = ฿101 Mil.
Grande Asset Hotels And Property PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -438.835 (Jun. 2023 ) + 382.284 (Sep. 2023 ) + -54.543 (Dec. 2023 ) + 6.566 (Mar. 2024 ) = ฿-105 Mil.

Grande Asset Hotels And Property PCL (BKK:GRAND) 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 Mar. 2024, Grande Asset Hotels And Property PCL has a Sloan Ratio of -3.98%, indicating the company is in the safe zone and there is no funny business with accruals.

Grande Asset Hotels And Property PCL Sloan Ratio % Related Terms

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Grande Asset Hotels And Property PCL (BKK:GRAND) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Grande Asset Hotels And Property PCL (BKK:GRAND) » Definitions » Sloan Ratio %

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Address

Sukhumvit Road, Room No 3203-4 32nd Floor, 388, Exchange Tower Building, Klongtoey Sub-district, Klongtoey District, Bangkok, THA, 10110

Website

https://www.grandeasset.com

Grande Asset Hotels And Property PCL is a company. operates in the hotel industry. Its operating segments include Hotel business; Rental business, and Property development business., of which prime revenue is derived from the Hotel business segment. The company focuses its business and long-term investment in hotels that are international and globally managed brands and real estate development. Its property portfolio includes Sheraton Hua Hin Pranburi Villas, Sheraton Hua Hin Resort & Spa Hotel, The Westin Grande Sukhumvit, Hyde Sukhumvit Condominium, Hua Hin Blue Lagoon Resort, and The Trendy Condominium.

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