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 Sep. 2022, Diego Pellicer Worldwide has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Diego Pellicer Worldwide 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.
Competitive Comparison of Diego Pellicer Worldwide's Sloan Ratio %
For the Real Estate Services subindustry, Diego Pellicer Worldwide'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.
Diego Pellicer Worldwide's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Diego Pellicer Worldwide's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Diego Pellicer Worldwide's Sloan Ratio % falls into.
Diego Pellicer Worldwide 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.
Diego Pellicer Worldwide's Sloan Ratio for the fiscal year that ended in Dec. 2021 is calculated as
Diego Pellicer Worldwide's Net Income for the trailing twelve months (TTM) ended in Sep. 2022 was 0.681 (Dec. 2021 ) + 0 (Mar. 2022 ) + 0.258 (Jun. 2022 ) + 0.598 (Sep. 2022 ) = $1.54 Mil.
Diego Pellicer Worldwide's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2022 was -0.111 (Dec. 2021 ) + -0.188 (Mar. 2022 ) + -0.15 (Jun. 2022 ) + 0.415 (Sep. 2022 ) = $-0.03 Mil.
Diego Pellicer Worldwide's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2022 was 0 (Dec. 2021 ) + 0 (Mar. 2022 ) + 0 (Jun. 2022 ) + 0 (Sep. 2022 ) = $0.00 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.
Diego Pellicer Worldwide (OTCPK:DPWW) 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. 2022, Diego Pellicer Worldwide has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Diego Pellicer Worldwide Sloan Ratio % Related Terms
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Diego Pellicer Worldwide (Diego Pellicer Worldwide) Business Description
Diego Pellicer Worldwide Inc is a real estate and consumer retail development company. Principally, it is focused on acquiring and developing real estate properties for the purpose of leasing to licensed marijuana operators in the United States. The company provides space for growing, processing, recreational and medical retail sales space and related facilities to licensed marijuana growers, processors, dispensary and recreational store operators. Additionally, it also offers wholesale distribution of branded non-marijuana clothing and accessories.
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