AT&T (T) Sloan Ratio %

AT&T Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Sloan Ratio %							-3.28	-6.61	1.85	-3.66	-1.05

AT&T Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Sloan Ratio %																-3.66	-6.26	-6.65	-7.61	-1.05

For the Telecom Services subindustry, AT&T'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.

For the Telecommunication Services industry and Communication Services sector, AT&T's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where AT&T's Sloan Ratio % falls into.

AT&T 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.

AT&T's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

AT&T's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

AT&T's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 4228 (Mar. 2023 ) + 4489 (Jun. 2023 ) + 3495 (Sep. 2023 ) + 2188 (Dec. 2023 ) = $14,400 Mil.
AT&T's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 6678 (Mar. 2023 ) + 9922 (Jun. 2023 ) + 10336 (Sep. 2023 ) + 11378 (Dec. 2023 ) = $38,314 Mil.
AT&T's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -3818 (Mar. 2023 ) + -5423 (Jun. 2023 ) + -4545 (Sep. 2023 ) + -5874 (Dec. 2023 ) = $-19,660 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.

AT&T  (NYSE:T) 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, AT&T has a Sloan Ratio of -1.05%, indicating the company is in the safe zone and there is no funny business with accruals.

AT&T Sloan Ratio % Related Terms

Thank you for viewing the detailed overview of AT&T's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.

AT&T (T) Business Description