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.
Seef Properties BSC's Sloan Ratio for the quarter that ended in Mar. 2024 was -0.73%.
As of Mar. 2024, Seef Properties BSC has a Sloan Ratio of -0.73%, indicating the company is in the safe zone and there is no funny business with accruals.
Seef Properties BSC Sloan Ratio % Historical Data
The historical data trend for Seef Properties BSC'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 Seef Properties BSC's Sloan Ratio %
For the Real Estate Services subindustry, Seef Properties BSC'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.
Seef Properties BSC's Sloan Ratio % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Seef Properties BSC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Seef Properties BSC's Sloan Ratio % falls into.
Seef Properties BSC 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.
Seef Properties BSC's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Seef Properties BSC's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 1.795 (Jun. 2023 ) + 1.496 (Sep. 2023 ) + 1.586 (Dec. 2023 ) + 1.397 (Mar. 2024 ) = BHD6.27 Mil.
Seef Properties BSC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 2.253 (Jun. 2023 ) + 2.693 (Sep. 2023 ) + 2 (Dec. 2023 ) + 1.5 (Mar. 2024 ) = BHD8.45 Mil.
Seef Properties BSC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -0.055 (Jun. 2023 ) + -2.827 (Sep. 2023 ) + 2.236 (Dec. 2023 ) + -0.245 (Mar. 2024 ) = BHD-0.89 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.
Seef Properties BSC (BAH:SEEF) 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, Seef Properties BSC has a Sloan Ratio of -0.73%, indicating the company is in the safe zone and there is no funny business with accruals.
Seef Properties BSC Sloan Ratio % Related Terms
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Seef Properties BSC (BAH:SEEF) Business Description
Seef Properties BSC is an integrated real estate development company in the Kingdom of Bahrain. The company specialised in developing and managing commercial leisure and recreational facilities. It also owns and manages three Seef Malls located in different areas around the Kingdom. Magic Island, is an Indoor theme park located within its Malls. Al Liwan, a mixed-use development project, and Fraser Suites Seef Bahrain serviced apartments located in Seef Mall and managed by Fraser Suites, a global hospitality brand.
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