Atlantica Sustainable Infrastructure (Atlantica Sustainable Infrastructure) Sloan Ratio % : -2.75% (As of Mar. 2024)

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What is Atlantica Sustainable Infrastructure 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.

Atlantica Sustainable Infrastructure's Sloan Ratio for the quarter that ended in Mar. 2024 was -2.75%.

As of Mar. 2024, Atlantica Sustainable Infrastructure has a Sloan Ratio of -2.75%, indicating the company is in the safe zone and there is no funny business with accruals.

Atlantica Sustainable Infrastructure Sloan Ratio % Historical Data

The historical data trend for Atlantica Sustainable Infrastructure'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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Atlantica Sustainable Infrastructure Sloan Ratio % Chart

Atlantica Sustainable Infrastructure Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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-1.90

-4.23

-1.89

-5.87

-3.36

Atlantica Sustainable Infrastructure Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Sloan Ratio %	Get a 7-Day Free Trial															-4.98	-4.53	-3.62	-3.36	-2.75

Competitive Comparison of Atlantica Sustainable Infrastructure's Sloan Ratio %

For the Utilities - Renewable subindustry, Atlantica Sustainable Infrastructure'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.

Atlantica Sustainable Infrastructure's Sloan Ratio % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Atlantica Sustainable Infrastructure's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Atlantica Sustainable Infrastructure's Sloan Ratio % falls into.

Atlantica Sustainable Infrastructure 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.

Atlantica Sustainable Infrastructure'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 )
	=	(43.38	-	388.048
	-	-51.634)	/	8714.333
	=	-3.36%

Atlantica Sustainable Infrastructure's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Mar. 2024 )
	=	(48.978	-	411.925
	-	-123.152)	/	8709.042
	=	-2.75%

Atlantica Sustainable Infrastructure's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 35.651 (Jun. 2023 ) + 21.389 (Sep. 2023 ) + -2.67 (Dec. 2023 ) + -5.392 (Mar. 2024 ) = $49 Mil.
Atlantica Sustainable Infrastructure's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 96.964 (Jun. 2023 ) + 195.152 (Sep. 2023 ) + 54.226 (Dec. 2023 ) + 65.583 (Mar. 2024 ) = $412 Mil.
Atlantica Sustainable Infrastructure's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -17.196 (Jun. 2023 ) + -8.239 (Sep. 2023 ) + -27.068 (Dec. 2023 ) + -70.649 (Mar. 2024 ) = $-123 Mil.

Atlantica Sustainable Infrastructure (NAS:AY) 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 Mar. 2024, Atlantica Sustainable Infrastructure has a Sloan Ratio of -2.75%, indicating the company is in the safe zone and there is no funny business with accruals.

Atlantica Sustainable Infrastructure Sloan Ratio % Related Terms

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Atlantica Sustainable Infrastructure (Atlantica Sustainable Infrastructure) Business Description

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AY3:Germany

Address

Great West Road, 17th Floor, Great West House, GW1, Brentford, GBR, TW8 9DF

Website

https://www.atlantica.com

Atlantica Sustainable Infrastructure PLC owns, manages, and acquires renewable energy, conventional power, electric transmission lines and water assets. It is focused on North America (the United States and Mexico), South America (Peru, Chile, Brazil, and Uruguay) and EMEA (Spain, Algeria and South Africa). The company's segments include North America, South America and Europe, Middle East and Africa. The renewable energy sector includes the company's activities related to the production of electricity from solar power and wind plants. Atlantica derives most of its revenues from EMEA, followed by South America and North America.