GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » American National Bankshares Inc (NAS:AMNB) » Definitions » Sloan Ratio %

American National Bankshares (American National Bankshares) Sloan Ratio % : 0.73% (As of Dec. 2023)


View and export this data going back to 1999. Start your Free Trial

What is American National Bankshares 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.

American National Bankshares's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.73%.

As of Dec. 2023, American National Bankshares has a Sloan Ratio of 0.73%, indicating the company is in the safe zone and there is no funny business with accruals.


American National Bankshares Sloan Ratio % Historical Data

The historical data trend for American National Bankshares'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.

American National Bankshares Sloan Ratio % Chart

American National Bankshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.29 9.09 4.65 6.98 0.73

American National Bankshares Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.98 4.32 3.85 1.84 0.73

Competitive Comparison of American National Bankshares's Sloan Ratio %

For the Banks - Regional subindustry, American National Bankshares'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.


American National Bankshares's Sloan Ratio % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, American National Bankshares's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where American National Bankshares's Sloan Ratio % falls into.



American National Bankshares 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.

American National Bankshares'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 )
=(26.159-18.966
--15.52)/3090.717
=0.73%

American National Bankshares'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 )
=(26.16-18.966
--15.52)/3090.717
=0.73%

American National Bankshares's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 9.157 (Mar. 2023 ) + 7.14 (Jun. 2023 ) + 5.788 (Sep. 2023 ) + 4.075 (Dec. 2023 ) = $26.2 Mil.
American National Bankshares's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 9.943 (Mar. 2023 ) + 0.332 (Jun. 2023 ) + 9.826 (Sep. 2023 ) + -1.135 (Dec. 2023 ) = $19.0 Mil.
American National Bankshares's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was 20.802 (Mar. 2023 ) + -26.6 (Jun. 2023 ) + -20.909 (Sep. 2023 ) + 11.187 (Dec. 2023 ) = $-15.5 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.


American National Bankshares  (NAS:AMNB) 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, American National Bankshares has a Sloan Ratio of 0.73%, indicating the company is in the safe zone and there is no funny business with accruals.


American National Bankshares Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of American National Bankshares's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.


American National Bankshares (American National Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
628 Main Street, Danville, VA, USA, 24541
American National Bankshares Inc is a one-bank holding company. The Bank provides a full array of financial products and services, including commercial, mortgage, and consumer banking; trust and investment services; and insurance. Services are also provided through 37 Automated Teller Machines, Online Banking, and Telephone Banking. The company has two reportable segments, community banking and wealth management.
Executives
Rick J Barker director 628 MAIN STREET, DANVILLE VA 24541
Adrian T Smith director 628 MAIN STREET, DANVILLE VA 24541
Jeffrey V Haley director, officer: Executive VP
Farrell William J Ii director 21 KENWICK ROAD, HOCKESSIN DE 19707
Rhonda P Joyce officer: EVP 445 MT CROSS ROAD, DANVILLE VA 24540
Settle John H Jr officer: EVP 628 MAIN STREET, DANVILLE VA 24541
Duggins James Nathan Iii director 445 MT CROSS ROAD, DANVILLE VA 24540
Jeffrey W Farrar officer: EVP 628 MAIN STREET, DANVILLE VA 24541
Alexander Jung officer: EVP 445 MT CROSS ROAD, DANVILLE VA 24540
Cathy W Liles officer: SVP 445 MT CROSS ROAD, DANVILLE VA 24540
Hunter Gregg Strader officer: Executive Vice President 2022 PEMBROKE ROAD, GREENSBORO NC 27408
John H Love director 628 MAIN STREET, DANVILLE VA 24541
Susan King Still director AMERICAN NATIONAL BANKSHARES INC, 628 MAIN STREET, DANVILLE VA 24541
Kenneth S. Bowling director AMERICAN NATIONAL BANKSHARES INC, 628 MAIN STREET, DANVILLE VA 24541
Charles S Harris director 420 WEST MAIN STREET, DANVILLE VA 24541