Atlas Consolidated Mining & Development (PHS:AT) Sloan Ratio % : -1.92% (As of Sep. 2024)

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What is Atlas Consolidated Mining & Development 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.

Atlas Consolidated Mining & Development's Sloan Ratio for the quarter that ended in Sep. 2024 was -1.92%.

As of Sep. 2024, Atlas Consolidated Mining & Development has a Sloan Ratio of -1.92%, indicating the company is in the safe zone and there is no funny business with accruals.

Atlas Consolidated Mining & Development Sloan Ratio % Historical Data

The historical data trend for Atlas Consolidated Mining & Development'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.

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Atlas Consolidated Mining & Development Sloan Ratio % Chart

Atlas Consolidated Mining & Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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-4.05

-7.15

-4.03

-3.56

-0.23

Atlas Consolidated Mining & Development 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															-7.71	-0.23	1.45	3.78	-1.92

Competitive Comparison of Atlas Consolidated Mining & Development's Sloan Ratio %

For the Copper subindustry, Atlas Consolidated Mining & Development'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.

Atlas Consolidated Mining & Development's Sloan Ratio % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Atlas Consolidated Mining & Development's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Atlas Consolidated Mining & Development's Sloan Ratio % falls into.

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Atlas Consolidated Mining & Development 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.

Atlas Consolidated Mining & Development'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 )
	=	(1117.556	-	4265.778
	-	-2993.218)	/	68228.758
	=	-0.23%

Atlas Consolidated Mining & Development's Sloan Ratio for the quarter that ended in Sep. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2024 )
	=	(1369.051	-	5534.33
	-	-2824.04)	/	69838.68
	=	-1.92%

Atlas Consolidated Mining & Development's Net Income for the trailing twelve months (TTM) ended in Sep. 2024 was 237.331 (Dec. 2023 ) + 563.088 (Mar. 2024 ) + 1507.949 (Jun. 2024 ) + -939.317 (Sep. 2024 ) = ₱1,369 Mil.
Atlas Consolidated Mining & Development's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2024 was 1298.643 (Dec. 2023 ) + 1430.394 (Mar. 2024 ) + 1482.203 (Jun. 2024 ) + 1323.09 (Sep. 2024 ) = ₱5,534 Mil.
Atlas Consolidated Mining & Development's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2024 was 477.745 (Dec. 2023 ) + -1080.636 (Mar. 2024 ) + -3012.94 (Jun. 2024 ) + 791.791 (Sep. 2024 ) = ₱-2,824 Mil.

Atlas Consolidated Mining & Development (PHS:AT) 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, Atlas Consolidated Mining & Development has a Sloan Ratio of -1.92%, indicating the company is in the safe zone and there is no funny business with accruals.

Atlas Consolidated Mining & Development Sloan Ratio % Related Terms

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Atlas Consolidated Mining & Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Consolidated Mining & Development Corp (PHS:AT) » Definitions » Sloan Ratio %

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Traded in Other Exchanges

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Address

Palm Coast Avenue Corner Pacific Drive, 5th Floor, Five E-Com Center, Mall of Asia Complex, Metro Manila, Pasay, RIZ, PHL, 1300

Website

https://www.atlasmining.com.ph

Atlas Consolidated Mining & Development Corp is engaged in metallic mineral mining and exploration and produces copper concentrate, magnetite iron ore concentrate, and others. The company operates in two segments Mining and Non-Mining. Its mining segment is engaged in exploration and mining operations and the non-mining segment is engaged in services, bulk water supply or acts as holding company. It is also engaged in the development and commercial production of other marketable by-products such as pyrite, magnetite, and molybdenum.