Link Real Estate Investment Trust (HKSE:00823) Sloan Ratio % : 5.17% (As of Sep. 2023)

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What is Link Real Estate Investment Trust 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.

Link Real Estate Investment Trust's Sloan Ratio for the quarter that ended in Sep. 2023 was 5.17%.

As of Sep. 2023, Link Real Estate Investment Trust has a Sloan Ratio of 5.17%, indicating the company is in the safe zone and there is no funny business with accruals.

Link Real Estate Investment Trust Sloan Ratio % Historical Data

The historical data trend for Link Real Estate Investment Trust'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.

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Link Real Estate Investment Trust Sloan Ratio % Chart

Link Real Estate Investment Trust Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Sloan Ratio %

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3.35

-11.16

2.22

4.78

12.11

Link Real Estate Investment Trust Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Sloan Ratio %	Get a 7-Day Free Trial															5.28	4.78	9.11	12.11	5.17

Competitive Comparison of Link Real Estate Investment Trust's Sloan Ratio %

For the REIT - Retail subindustry, Link Real Estate Investment Trust'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.

Link Real Estate Investment Trust's Sloan Ratio % Distribution in the REITs Industry

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

* The bar in red indicates where Link Real Estate Investment Trust's Sloan Ratio % falls into.

Link Real Estate Investment Trust 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.

Link Real Estate Investment Trust's Sloan Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Mar. 2023 )	-	Cash Flow from Operations (A: Mar. 2023 )
	-	Cash Flow from Investing (A: Mar. 2023 ))	/	Total Assets (A: Mar. 2023 )
	=	(15451	-	7641
	-	-24634)	/	267919
	=	12.11%

Link Real Estate Investment Trust's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2023 )
	=	(-1916	-	7937
	-	-22976)	/	253689
	=	5.17%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Link Real Estate Investment Trust's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was 1458 (Mar. 2023 ) + -3374 (Sep. 2023 ) = HK$-1,916 Mil.
Link Real Estate Investment Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 3896 (Mar. 2023 ) + 4041 (Sep. 2023 ) = HK$7,937 Mil.
Link Real Estate Investment Trust's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -17241 (Mar. 2023 ) + -5735 (Sep. 2023 ) = HK$-22,976 Mil.

Link Real Estate Investment Trust (HKSE:00823) 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. 2023, Link Real Estate Investment Trust has a Sloan Ratio of 5.17%, indicating the company is in the safe zone and there is no funny business with accruals.

Link Real Estate Investment Trust Sloan Ratio % Related Terms

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Link Real Estate Investment Trust (HKSE:00823) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Link Real Estate Investment Trust (HKSE:00823) » Definitions » Sloan Ratio %

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LKREF:USA L5R:Germany

Address

77 Hoi Bun Road, 20th Floor, Tower 1, The Quayside, Kowloon, Kwun Tong, Hong Kong, HKG

Website

https://www.linkreit.com

Link REIT is Asia's largest REIT, listed in 2005 to privatize retail assets held by the Hong Kong Housing Authority. It owns 154 properties and about 60,000 car park spaces. It expanded its investment mandate in 2014 to allow overseas acquisitions and has since acquired retail and office properties in China, as well as an office development project in Hong Kong. More recently, Link expanded its footprint to Sydney, Melbourne, London, and Singapore.

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