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.
Amkor Technology's Sloan Ratio for the quarter that ended in Dec. 2024 was 0.94%.
As of Dec. 2024, Amkor Technology has a Sloan Ratio of 0.94%, indicating the company is in the safe zone and there is no funny business with accruals.
Amkor Technology Sloan Ratio % Historical Data
The historical data trend for Amkor Technology'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.
Competitive Comparison of Amkor Technology's Sloan Ratio %
For the Semiconductor Equipment & Materials subindustry, Amkor Technology'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.
Amkor Technology's Sloan Ratio % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Amkor Technology's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Amkor Technology's Sloan Ratio % falls into.
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.
Amkor Technology's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Amkor Technology's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 58.897 (Mar. 2024 ) + 66.897 (Jun. 2024 ) + 122.569 (Sep. 2024 ) + 105.649 (Dec. 2024 ) = $354 Mil.
Amkor Technology's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 162.312 (Mar. 2024 ) + 224.756 (Jun. 2024 ) + 164.192 (Sep. 2024 ) + 537.608 (Dec. 2024 ) = $1,089 Mil.
Amkor Technology's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -86.103 (Mar. 2024 ) + -188.956 (Jun. 2024 ) + -226.693 (Sep. 2024 ) + -298.572 (Dec. 2024 ) = $-800 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.
Amkor Technology (NAS:AMKR) 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 Dec. 2024, Amkor Technology has a Sloan Ratio of 0.94%, indicating the company is in the safe zone and there is no funny business with accruals.
Amkor Technology Sloan Ratio % Related Terms
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Amkor Technology Inc is a OSAT (outsourced semiconductor assembly and test) service provider. It has pioneered the outsourcing of integrated circuit (IC) packaging and test services and is a strategic manufacturing partner for the semiconductor companies, foundries, and electronics original equipment manufacturers (OEMs). The firm's products are organized into two categories namely advanced products that include flip chip, fine pitch bumping, wafer-level processing, advanced SiPs, power modules, and others, and Mainstream products that includes wirebond packaging and testing. The company derives maximum revenue from the advanced products category. The company derives majority of its revenue from Foreign states.
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