What is Advanced Technology & Materials Co 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.
As of Mar. 2024, Advanced Technology & Materials Co has a Sloan Ratio of -1.65%, indicating the company is in the safe zone and there is no funny business with accruals.
Advanced Technology & Materials Co Sloan Ratio % Historical Data
* 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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Advanced Technology & Materials Co Sloan Ratio % Chart
Competitive Comparison of Advanced Technology & Materials Co's Sloan Ratio %
For the Other Industrial Metals & Mining subindustry, Advanced Technology & Materials Co'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.
Advanced Technology & Materials Co's Sloan Ratio % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Advanced Technology & Materials Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Advanced Technology & Materials Co's Sloan Ratio % falls into.
Advanced Technology & Materials Co 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.
Advanced Technology & Materials Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 80.175 (Jun. 2023 ) + 38.413 (Sep. 2023 ) + 54.137 (Dec. 2023 ) + 78.651 (Mar. 2024 ) = ¥251 Mil.
Advanced Technology & Materials Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was 109.385 (Jun. 2023 ) + 135.842 (Sep. 2023 ) + 759.235 (Dec. 2023 ) + -301.452 (Mar. 2024 ) = ¥703 Mil.
Advanced Technology & Materials Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -64.845 (Jun. 2023 ) + -62.157 (Sep. 2023 ) + 71.482 (Dec. 2023 ) + -211.342 (Mar. 2024 ) = ¥-267 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.
Advanced Technology & Materials Co (SZSE:000969) 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.
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, Advanced Technology & Materials Co has a Sloan Ratio of -1.65%, indicating the company is in the safe zone and there is no funny business with accruals.
Advanced Technology & Materials Co Sloan Ratio % Related Terms
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Advanced Technology & Materials Co (SZSE:000969) Business Description
Advanced Technology & Materials Co Ltd is a Chinese high-tech company that focuses on the research and development and manufacture of new metallic materials and products. Its products include amorphous and nano-crystalline materials and products; refractory materials and products; powder materials and products; magnetic materials and products; welding materials and products; filtration materials and environmental protection engineering products; and high-speed steel and diamond tools. These products are used in various fields which include aerospace, energy, transportation, consumer electronics, construction and building materials, petrochemical, saving and environmental protection industries. Geographically the activities are carried out through China.
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