Nippon Hotel & Residential Investment (TSE:3472) Sloan Ratio % : -11.49% (As of May. 2023)

Nippon Hotel & Residential Investment Sloan Ratio % Chart

Nippon Hotel & Residential Investment Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
Sloan Ratio %	Get a 7-Day Free Trial								-3.55	-2.06	-7.10	-12.69	-11.49

Competitive Comparison of Nippon Hotel & Residential Investment's Sloan Ratio %

For the REIT - Hotel & Motel subindustry, Nippon Hotel & 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.

Nippon Hotel & Residential Investment's Sloan Ratio % Distribution in the REITs Industry

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

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

Nippon Hotel & 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.

Nippon Hotel & Residential Investment's Sloan Ratio for the fiscal year that ended in Nov. 2022 is calculated as

Nippon Hotel & Residential Investment's Sloan Ratio for the quarter that ended in May. 2023 is calculated as

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Nippon Hotel & Residential Investment's Net Income for the trailing twelve months (TTM) ended in May. 2023 was 327.03 (Nov. 2022 ) + 349.041 (May. 2023 ) = 円676 Mil.
Nippon Hotel & Residential Investment's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2023 was 2799.16 (Nov. 2022 ) + 1956.527 (May. 2023 ) = 円4,756 Mil.
Nippon Hotel & Residential Investment's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2023 was -294.34 (Nov. 2022 ) + -94.288 (May. 2023 ) = 円-389 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.

Nippon Hotel & Residential Investment  (TSE:3472) 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 May. 2023, Nippon Hotel & Residential Investment has a Sloan Ratio of -11.49%, indicating there is a warning stage of accrual build up.

Nippon Hotel & Residential Investment Sloan Ratio % Related Terms

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Nippon Hotel & Residential Investment (TSE:3472) Business Description