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GOP Properties Socimi (XMAD:YGOP) Sloan Ratio % : 0.29% (As of Dec. 2023)


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What is GOP Properties Socimi 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.

GOP Properties Socimi's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.29%.

As of Dec. 2023, GOP Properties Socimi has a Sloan Ratio of 0.29%, indicating the company is in the safe zone and there is no funny business with accruals.


GOP Properties Socimi Sloan Ratio % Historical Data

The historical data trend for GOP Properties Socimi'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.

* Premium members only.

GOP Properties Socimi Sloan Ratio % Chart

GOP Properties Socimi Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial 12.11 -1.24 -0.52 0.11 0.29

GOP Properties Socimi Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 -0.52 -0.17 0.11 0.66 0.29

Competitive Comparison of GOP Properties Socimi's Sloan Ratio %

For the REIT - Diversified subindustry, GOP Properties Socimi'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.


GOP Properties Socimi's Sloan Ratio % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, GOP Properties Socimi's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where GOP Properties Socimi's Sloan Ratio % falls into.



GOP Properties Socimi 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.

GOP Properties Socimi'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 )
=(4.211-4.416
--0.835)/215.659
=0.29%

GOP Properties Socimi'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 )
=(4.211-4.416
--0.835)/215.659
=0.29%

For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data. GOP Properties Socimi's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 3.008 (Jun. 2023 ) + 1.203 (Dec. 2023 ) = €4.21 Mil.
GOP Properties Socimi's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 2.911 (Jun. 2023 ) + 1.505 (Dec. 2023 ) = €4.42 Mil.
GOP Properties Socimi's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -0.029 (Jun. 2023 ) + -0.806 (Dec. 2023 ) = €-0.84 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.


GOP Properties Socimi  (XMAD:YGOP) 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, GOP Properties Socimi has a Sloan Ratio of 0.29%, indicating the company is in the safe zone and there is no funny business with accruals.


GOP Properties Socimi Sloan Ratio % Related Terms

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GOP Properties Socimi (XMAD:YGOP) Business Description

Traded in Other Exchanges
N/A
Address
Avenida del Ensanche de Vallecas, 44, Madrid, ESP, 28051
GOP Properties Socimi SA is a Real Estate Investment Trust. The purpose of the company is to manage and operate a diversified portfolio of assets. Its assets are located mainly in Madrid. The main strategy of the company is aimed at generating recurring income for the shareholder and the creation of value in the assets of its present and future portfolio.

GOP Properties Socimi (XMAD:YGOP) Headlines

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