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Samty Residential Investment (TSE:3459) Sloan Ratio % : 9.47% (As of Jan. 2023)


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What is Samty Residential Investment 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.

Samty Residential Investment's Sloan Ratio for the quarter that ended in Jan. 2023 was 9.47%.

As of Jan. 2023, Samty Residential Investment has a Sloan Ratio of 9.47%, indicating the company is in the safe zone and there is no funny business with accruals.


Samty Residential Investment Sloan Ratio % Historical Data

The historical data trend for Samty Residential Investment'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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Samty Residential Investment Sloan Ratio % Chart

Samty Residential Investment Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Sloan Ratio %
Get a 7-Day Free Trial 37.87 34.78 8.91 16.18 6.14

Samty Residential Investment Semi-Annual Data
Aug15 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jan24
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 6.14 18.02 18.91 9.47 -

Competitive Comparison of Samty Residential Investment's Sloan Ratio %

For the REIT - Residential subindustry, Samty Residential Investment'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.


Samty Residential Investment's Sloan Ratio % Distribution in the REITs Industry

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

* The bar in red indicates where Samty Residential Investment's Sloan Ratio % falls into.



Samty Residential Investment 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.

Samty Residential Investment's Sloan Ratio for the fiscal year that ended in Jul. 2021 is calculated as

Sloan Ratio=(Net Income (A: Jul. 2021 )-Cash Flow from Operations (A: Jul. 2021 )
-Cash Flow from Investing (A: Jul. 2021 ))/Total Assets (A: Jul. 2021 )
=(3523.738-10499.542
--14645.74)/124926.629
=6.14%

Samty Residential Investment's Sloan Ratio for the quarter that ended in Jan. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Jan. 2023 )
=(4165.831-8788.153
--20862.084)/171482.065
=9.47%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Samty Residential Investment's Net Income for the trailing twelve months (TTM) ended in Jan. 2023 was 2135.885 (Jul. 2022 ) + 2029.946 (Jan. 2023 ) = 円4,166 Mil.
Samty Residential Investment's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jan. 2023 was 5723.171 (Jul. 2022 ) + 3064.982 (Jan. 2023 ) = 円8,788 Mil.
Samty Residential Investment's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jan. 2023 was -4260.399 (Jul. 2022 ) + -16601.685 (Jan. 2023 ) = 円-20,862 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.


Samty Residential Investment  (TSE:3459) 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 Jan. 2023, Samty Residential Investment has a Sloan Ratio of 9.47%, indicating the company is in the safe zone and there is no funny business with accruals.


Samty Residential Investment Sloan Ratio % Related Terms

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Samty Residential Investment (TSE:3459) Business Description

Traded in Other Exchanges
N/A
Address
1-8-3, Marunouchi Chiyoda-ku, Tokyo, JPN, 100-0005
Samty Residential Investment Corp is a Japanese real estate investment trust. The company invests in portfolio of residential real estate properties including single type, compact type and family type residential units.

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