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.
* 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 AMN Healthcare Services's Sloan Ratio %
For the Medical Care Facilities subindustry, AMN Healthcare Services'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.
AMN Healthcare Services's Sloan Ratio % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, AMN Healthcare Services's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where AMN Healthcare Services'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.
AMN Healthcare Services's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
AMN Healthcare Services's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was 17.328 (Mar. 2024 ) + 16.237 (Jun. 2024 ) + 6.989 (Sep. 2024 ) + -187.533 (Dec. 2024 ) = $-147 Mil.
AMN Healthcare Services's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 81.386 (Mar. 2024 ) + 99.515 (Jun. 2024 ) + 66.703 (Sep. 2024 ) + 72.814 (Dec. 2024 ) = $320 Mil.
AMN Healthcare Services's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -21.399 (Mar. 2024 ) + -22.332 (Jun. 2024 ) + -22.004 (Sep. 2024 ) + -14.203 (Dec. 2024 ) = $-80 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.
AMN Healthcare Services (NYSE:AMN) 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, AMN Healthcare Services has a Sloan Ratio of -16.04%, indicating there is a warning stage of accrual build up.
AMN Healthcare Services Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of AMN Healthcare Services's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
AMN Healthcare Services Inc provides healthcare workforce solutions and staffing services in the United States. Its comprehensive suite of talent solutions provides management, staffing, recruitment, language services, technology, predictive and market analytics, and related services to build and manage all or parts of the clients' healthcare workforce needs. Its reportable segments are; nurse and allied solutions, physician and leadership solutions, and technology and workforce solutions. A majority of its revenue is generated from the nurse and allied solutions segment which includes the company's travel nurse staffing, labor disruption staffing, local staffing, international nurse permanent placement, and allied staffing (including revenue cycle solutions) businesses.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
AMN has been successfully added to your 