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FTAI Infrastructure (FTAI Infrastructure) Sloan Ratio % : -2.11% (As of Mar. 2024)


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What is FTAI Infrastructure 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.

FTAI Infrastructure's Sloan Ratio for the quarter that ended in Mar. 2024 was -2.11%.

As of Mar. 2024, FTAI Infrastructure has a Sloan Ratio of -2.11%, indicating the company is in the safe zone and there is no funny business with accruals.


FTAI Infrastructure Sloan Ratio % Historical Data

The historical data trend for FTAI Infrastructure'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.

* Premium members only.

FTAI Infrastructure Sloan Ratio % Chart

FTAI Infrastructure Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
- 17.43 33.19 6.31 0.85

FTAI Infrastructure Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Sloan Ratio % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.63 4.67 3.46 0.85 -2.11

Competitive Comparison of FTAI Infrastructure's Sloan Ratio %

For the Conglomerates subindustry, FTAI Infrastructure'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.


FTAI Infrastructure's Sloan Ratio % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, FTAI Infrastructure's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where FTAI Infrastructure's Sloan Ratio % falls into.



FTAI Infrastructure 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.

FTAI Infrastructure'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 )
=(-121.336-5.513
--147.123)/2379.609
=0.85%

FTAI Infrastructure'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 )
=(-134.924-13.774
--99.127)/2344.681
=-2.11%

FTAI Infrastructure's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -23.596 (Jun. 2023 ) + -40.117 (Sep. 2023 ) + -31.604 (Dec. 2023 ) + -39.607 (Mar. 2024 ) = $-134.9 Mil.
FTAI Infrastructure's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -4.787 (Jun. 2023 ) + 14.717 (Sep. 2023 ) + 7.727 (Dec. 2023 ) + -3.883 (Mar. 2024 ) = $13.8 Mil.
FTAI Infrastructure's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -27.514 (Jun. 2023 ) + -44.654 (Sep. 2023 ) + -8.113 (Dec. 2023 ) + -18.846 (Mar. 2024 ) = $-99.1 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.


FTAI Infrastructure  (NAS:FIP) 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, FTAI Infrastructure has a Sloan Ratio of -2.11%, indicating the company is in the safe zone and there is no funny business with accruals.


FTAI Infrastructure Sloan Ratio % Related Terms

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FTAI Infrastructure (FTAI Infrastructure) Business Description

Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, 45th Floor, New York, NY, USA, 10105
FTAI Infrastructure Inc is engaged in five segments; Railroad segment includes five freight railroads and one switching company that provide rail service to certain manufacturing and production facilities, the Jefferson Terminal segment consists of a multi-modal crude oil and refined products terminal and other related assets. Repauno segment consists of a 1,630-acre deep-water port located along the Delaware River with an underground storage cavern, a new multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities. Power and Gas segment is comprised of an equity method investment in Long Ridge, and Sustainability and Energy Transition segment is comprised of Aleon/Gladieux, Clean Planet, and CarbonFree.
Executives
Scott Christopher officer: CFO, CAO 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Kenneth J. Nicholson officer: President and CEO 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Adams Joseph P. Jr. director C/O FORTRESS INVESTMENT GROUP LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
James L. Hamilton director 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Ray M Robinson director 1170 PEACHTREE STREET NE, SUITE 2300, ATLANTA GA 30309
Washington State Investment Board 10 percent owner 2100 EVERGREEN PARK DR SW, PO BOX 40916, OLYMPIA WA 98504-0916
Judith A Hannaway director C/O FORTRESS INVESTMENT GROUP, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Fortress Transportation & Infrastructure Investors Llc 10 percent owner 1345 AVENUE OF THE AMERICAS, 45TH FLOOR, NEW YORK NY 10105
Fortress Worldwide Transportation & Infrastructure General Partnership 10 percent owner 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105