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.
Xenia Hotels & Resorts's Sloan Ratio for the quarter that ended in Mar. 2024 was -1.06%.
As of Mar. 2024, Xenia Hotels & Resorts has a Sloan Ratio of -1.06%, indicating the company is in the safe zone and there is no funny business with accruals.
Xenia Hotels & Resorts 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 Xenia Hotels & Resorts's Sloan Ratio %
For the REIT - Hotel & Motel subindustry, Xenia Hotels & Resorts'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.
Xenia Hotels & Resorts's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Xenia Hotels & Resorts's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Xenia Hotels & Resorts's Sloan Ratio % falls into.
Xenia Hotels & Resorts 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.
Xenia Hotels & Resorts's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Xenia Hotels & Resorts's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 13.792 (Jun. 2023 ) + -8.529 (Sep. 2023 ) + 7.599 (Dec. 2023 ) + 8.534 (Mar. 2024 ) = $21 Mil.
Xenia Hotels & Resorts's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 70.36 (Jun. 2023 ) + 37.272 (Sep. 2023 ) + 60.12 (Dec. 2023 ) + 24.73 (Mar. 2024 ) = $192 Mil.
Xenia Hotels & Resorts's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -21.659 (Jun. 2023 ) + -35.36 (Sep. 2023 ) + -51.17 (Dec. 2023 ) + -32.271 (Mar. 2024 ) = $-140 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.
Xenia Hotels & Resorts (NYSE:XHR) 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 Mar. 2024, Xenia Hotels & Resorts has a Sloan Ratio of -1.06%, indicating the company is in the safe zone and there is no funny business with accruals.
Xenia Hotels & Resorts Sloan Ratio % Related Terms
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Xenia Hotels & Resorts (Xenia Hotels & Resorts) Business Description
Xenia Hotels & Resorts Inc is a real estate investment trust that invests in premium full-service, lifestyle, and urban upscale hotels across the United States. The company owns and pursues hotels in the upscale, upper upscale, and luxury segments that are affiliated with leading brands. Its hotels are primarily operated by Marriott, along with Hilton, Hyatt, Starwood, Kimpton, Aston, Fairmont, and Loews. The firm's properties are located in various regions across the U.S.: the South Atlantic, West South Central, Pacific, Mountain, and other. Xenia's revenue is divided between room, food and beverage, and other. The room segment contributes to the vast majority of the firm's total revenue. The firm's customer groups include transient business, group business, and contract business.
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