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CorePoint Lodging (CorePoint Lodging) Sloan Ratio % : -23.89% (As of Sep. 2021)


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What is CorePoint Lodging 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.

CorePoint Lodging's Sloan Ratio for the quarter that ended in Sep. 2021 was -23.89%.

As of Sep. 2021, CorePoint Lodging has a Sloan Ratio of -23.89%, indicating there is a warning stage of accrual build up.


CorePoint Lodging Sloan Ratio % Historical Data

The historical data trend for CorePoint Lodging'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.

CorePoint Lodging Sloan Ratio % Chart

CorePoint Lodging Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Sloan Ratio %
Get a 7-Day Free Trial -6.78 5.11 -8.84 -20.44 -20.89

CorePoint Lodging Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -28.91 -20.89 -19.48 -22.12 -23.89

Competitive Comparison of CorePoint Lodging's Sloan Ratio %

For the REIT - Hotel & Motel subindustry, CorePoint Lodging'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.


CorePoint Lodging's Sloan Ratio % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, CorePoint Lodging's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where CorePoint Lodging's Sloan Ratio % falls into.



CorePoint Lodging 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.

CorePoint Lodging's Sloan Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2020 )-Cash Flow from Operations (A: Dec. 2020 )
-Cash Flow from Investing (A: Dec. 2020 ))/Total Assets (A: Dec. 2020 )
=(-178--38
-229)/1766
=-20.89%

CorePoint Lodging's Sloan Ratio for the quarter that ended in Sep. 2021 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2021 )
=(-28-52
-285)/1528
=-23.89%

CorePoint Lodging's Net Income for the trailing twelve months (TTM) ended in Sep. 2021 was -42 (Dec. 2020 ) + -31 (Mar. 2021 ) + 28 (Jun. 2021 ) + 17 (Sep. 2021 ) = $-28.0 Mil.
CorePoint Lodging's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2021 was -17 (Dec. 2020 ) + 3 (Mar. 2021 ) + 33 (Jun. 2021 ) + 33 (Sep. 2021 ) = $52.0 Mil.
CorePoint Lodging's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2021 was 41 (Dec. 2020 ) + 36 (Mar. 2021 ) + 121 (Jun. 2021 ) + 87 (Sep. 2021 ) = $285.0 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.


CorePoint Lodging  (NYSE:CPLG) 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 Sep. 2021, CorePoint Lodging has a Sloan Ratio of -23.89%, indicating there is a warning stage of accrual build up.


CorePoint Lodging Sloan Ratio % Related Terms

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CorePoint Lodging (CorePoint Lodging) Business Description

Traded in Other Exchanges
N/A
Address
125 E. John Carpenter Freeway, Suite 1650, Irving, TX, USA, 75062
CorePoint Lodging Inc is a lodging real estate investment trust strategically focused on serving the midscale and upper-midscale select-service lodging segments. The company's portfolio includes over 209 hotels with around 27,800 rooms in locations in or near employment centers, airports, and major travel thoroughfares. The company primarily derives revenues from its hotel operations.
Executives
Jean Birch director 3050 SOFT HORIZON WAY, LAS VEGAS NV 89135
Alice E Gould director C/O COREPOINT LODGING INC., 909 HIDDEN RIDGE, SUITE 600, IRVING TX 75038
Blackstone Holdings Ii L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Howard Steven Garfield officer: SVP, CAO & Treasurer 15601 DALLAS PARKWAY, SUITE 600, ADDISON TX 75001
Blackstone Real Estate Associates V L.p. 10 percent owner C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154
Bre/lqjv-nq L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP 345 PARK AVE. NEW YORK NY 10154
David Loeb director C/O COREPOINT LODGING INC. 909 HIDDEN RIDGE, SUITE 600 IRVING TX 75038
Yao (rob) Song officer: SVP & Chief Investment Officer 125 E. JOHN CARPENTER FREEWAY SUITE 1650 IRVING TX 75062
Blackstone Real Estate Partners Iv Te 2 Lp 10 percent owner 345 PARK AVE NEW YORK NY 10154
Blackstone Inc. 10 percent owner 345 PARK AVENUE, NEW YORK NY 10154
Bre/prime Mezz 2 L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP 345 PARK AVE. NEW YORK NY 10154
Blackstone Real Estate Partners Iv L.p. 10 percent owner C/O THE BLACKSTONE GROUP 345 PARK AVE. NEW YORK NY 10154
Bre/prime Mezz 3-a L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP 345 PARK AVE. NEW YORK NY 10154
Bre/prime Holdings L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP 345 PARK AVE. NEW YORK NY 10154
Wih Hotels L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP 345 PARK AVE. NEW YORK NY 10154

CorePoint Lodging (CorePoint Lodging) Headlines

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