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Brookfield Global Infrastructure Securitiesome Fund (TSX:BGI.UN) Sloan Ratio % : 0.00% (As of Dec. 2023)


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What is Brookfield Global Infrastructure Securitiesome Fund 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.

Brookfield Global Infrastructure Securitiesome Fund's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.00%.

As of Dec. 2023, Brookfield Global Infrastructure Securitiesome Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Brookfield Global Infrastructure Securitiesome Fund Sloan Ratio % Historical Data

The historical data trend for Brookfield Global Infrastructure Securitiesome Fund'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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Brookfield Global Infrastructure Securitiesome Fund Sloan Ratio % Chart

Brookfield Global Infrastructure Securitiesome Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
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Brookfield Global Infrastructure Securitiesome Fund Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Competitive Comparison of Brookfield Global Infrastructure Securitiesome Fund's Sloan Ratio %

For the Asset Management subindustry, Brookfield Global Infrastructure Securitiesome Fund'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.


Brookfield Global Infrastructure Securitiesome Fund's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Brookfield Global Infrastructure Securitiesome Fund's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Brookfield Global Infrastructure Securitiesome Fund's Sloan Ratio % falls into.



Brookfield Global Infrastructure Securitiesome Fund 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.

Brookfield Global Infrastructure Securitiesome Fund's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(6.557-16.661
-0)/90.044
=-11.22%

Brookfield Global Infrastructure Securitiesome Fund's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(6.556-16.661
-0)/90.044
=-11.22%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. Brookfield Global Infrastructure Securitiesome Fund's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 2.937 (Jun. 2023 ) + 3.619 (Dec. 2023 ) = C$6.56 Mil.
Brookfield Global Infrastructure Securitiesome Fund's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 8.98 (Jun. 2023 ) + 7.681 (Dec. 2023 ) = C$16.66 Mil.
Brookfield Global Infrastructure Securitiesome Fund's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 0 (Jun. 2023 ) + 0 (Dec. 2023 ) = C$0.00 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.


Brookfield Global Infrastructure Securitiesome Fund  (TSX:BGI.UN) 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 Dec. 2023, Brookfield Global Infrastructure Securitiesome Fund has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.


Brookfield Global Infrastructure Securitiesome Fund Sloan Ratio % Related Terms

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Brookfield Global Infrastructure Securitiesome Fund (TSX:BGI.UN) Business Description

Traded in Other Exchanges
N/A
Address
Brookfield Place, 181 Bay Street, Suite 300, P.O. Box 762, Toronto, ON, CAN, M5J 2T3
Brookfield Global Infrastructure Securities Income Fund is a closed-end investment fund. The investment objective of the company is to provide the unitholders with quarterly cash distributions; maximize total return for unitholders through distributions and capital appreciation, and preserve capital. It invests in a portfolio comprised of equity securities of publicly-traded infrastructure companies that own and operate infrastructure assets. Brookfield Investment Management Inc is the investment manager of the fund.

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