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.
YTL Hospitality REIT's Sloan Ratio for the quarter that ended in Dec. 2023 was -0.35%.
As of Dec. 2023, YTL Hospitality REIT has a Sloan Ratio of -0.35%, indicating the company is in the safe zone and there is no funny business with accruals.
YTL Hospitality REIT Sloan Ratio % Historical Data
The historical data trend for YTL Hospitality REIT'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.
Competitive Comparison of YTL Hospitality REIT's Sloan Ratio %
For the REIT - Hotel & Motel subindustry, YTL Hospitality REIT'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.
YTL Hospitality REIT's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, YTL Hospitality REIT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where YTL Hospitality REIT's Sloan Ratio % falls into.
YTL Hospitality REIT 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.
YTL Hospitality REIT's Sloan Ratio for the fiscal year that ended in Jun. 2023 is calculated as
YTL Hospitality REIT's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 24.89 (Mar. 2023 ) + 68.579 (Jun. 2023 ) + 26.897 (Sep. 2023 ) + 41.401 (Dec. 2023 ) = RM161.8 Mil.
YTL Hospitality REIT's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 95.421 (Mar. 2023 ) + 96.724 (Jun. 2023 ) + 38.526 (Sep. 2023 ) + 130.145 (Dec. 2023 ) = RM360.8 Mil.
YTL Hospitality REIT's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -4.303 (Mar. 2023 ) + -3.041 (Jun. 2023 ) + -1.161 (Sep. 2023 ) + -171.786 (Dec. 2023 ) = RM-180.3 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.
YTL Hospitality REIT (XKLS:5109) 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, YTL Hospitality REIT has a Sloan Ratio of -0.35%, indicating the company is in the safe zone and there is no funny business with accruals.
YTL Hospitality REIT Sloan Ratio % Related Terms
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YTL Hospitality REIT (XKLS:5109) Business Description
YTL Hospitality REIT is a company engaged in the hotels and resorts as well as the property development divisions. Its properties include prime hotel and hospitality-related properties which include JW Marriott Hotel, The Residences at The Ritz-Carlton, the Pangkor Laut, Tanjong Jara and Cameron Highlands resorts and the AC hotels in Kuala Lumpur. The business activity of the group comprises with two reportable segments which are Property rental and Hotel. The Property Rental segment includes the leasing of hotel properties. The Hotel segment refers to the operation of the hotel business. Geographically it holds a presence in the region of Malaysia and Australia.
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