AXL (American Axle & Mfg Holdings) Sloan Ratio % : -1.79% (As of Sep. 2024)

American Axle & Mfg Holdings Sloan Ratio % Chart

American Axle & Mfg Holdings Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Sloan Ratio %		Get a 7-Day Free Trial					-11.10	-13.48	-6.59	-2.59	-4.58

American Axle & Mfg Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Sloan Ratio %	Get a 7-Day Free Trial															-5.84	-4.58	-3.49	-3.52	-1.79

Competitive Comparison of American Axle & Mfg Holdings's Sloan Ratio %

For the Auto Parts subindustry, American Axle & Mfg Holdings'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 Axle & Mfg Holdings's Sloan Ratio % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, American Axle & Mfg Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where American Axle & Mfg Holdings's Sloan Ratio % falls into.

American Axle & Mfg Holdings 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 Axle & Mfg Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

American Axle & Mfg Holdings's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as

American Axle & Mfg Holdings's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was -19.1 (Dec. 2023 ) + 20.5 (Mar. 2024 ) + 18.2 (Jun. 2024 ) + 10 (Sep. 2024 ) = $30 Mil.
American Axle & Mfg Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 52.9 (Dec. 2023 ) + 17.8 (Mar. 2024 ) + 142.8 (Jun. 2024 ) + 143.6 (Sep. 2024 ) = $357 Mil.
American Axle & Mfg Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was -57.8 (Dec. 2023 ) + -48.2 (Mar. 2024 ) + -46.7 (Jun. 2024 ) + -79.3 (Sep. 2024 ) = $-232 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 Axle & Mfg Holdings  (NYSE:AXL) 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 Sep. 2024, American Axle & Mfg Holdings has a Sloan Ratio of -1.79%, indicating the company is in the safe zone and there is no funny business with accruals.

American Axle & Mfg Holdings Sloan Ratio % Related Terms

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American Axle & Mfg Holdings Business Description