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.
O Bank No 1 REIT's Sloan Ratio for the quarter that ended in . 20 was 0.00%.
As of . 20, O Bank No 1 REIT has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
O Bank No 1 REIT Sloan Ratio % Historical Data
The historical data trend for O Bank No 1 REIT'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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O Bank No 1 REIT Sloan Ratio % Chart
O Bank No 1 REIT Annual Data
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O Bank No 1 REIT Semi-Annual Data
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Competitive Comparison of O Bank No 1 REIT's Sloan Ratio %
For the REIT - Diversified subindustry, O Bank No 1 REIT'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.
O Bank No 1 REIT's Sloan Ratio % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, O Bank No 1 REIT's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where O Bank No 1 REIT's Sloan Ratio % falls into.
O Bank No 1 REIT 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.
O Bank No 1 REIT's Sloan Ratio for the fiscal year that ended in . 20 is calculated as
* 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.
O Bank No 1 REIT (TPE:01009T) 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 . 20, O Bank No 1 REIT has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
O Bank No 1 REIT Sloan Ratio % Related Terms
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O Bank No 1 REIT (TPE:01009T) Business Description
O Bank No 1 REIT is a company which invests in commercial real estates, including the Panhsin Banker Building in Banqiao and Focus Square in Tainan. REITs derive most of its revenues from property rental income, while the shares it issues will afford investors the opportunity to make real estate investments in relatively small amounts. Its main objective is to provide another capital market vehicle for raising funds, and to give investors a way to invest in commercial real estate with relatively smaller amounts.
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