Advent Technologies Holdings (Advent Technologies Holdings) Sloan Ratio % : -90.47% (As of Sep. 2023)

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What is Advent Technologies Holdings 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.

Advent Technologies Holdings's Sloan Ratio for the quarter that ended in Sep. 2023 was -90.47%.

Warning Sign:

When sloan ratio (-30.91)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.

As of Sep. 2023, Advent Technologies Holdings has a Sloan Ratio of -90.47%, indicating earnings are more likely to be made up of accruals.

Advent Technologies Holdings Sloan Ratio % Historical Data

The historical data trend for Advent Technologies Holdings'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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Advent Technologies Holdings Sloan Ratio % Chart

Advent Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Sloan Ratio %

1.43

-83.05

25.07

-30.91

Advent Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Sloan Ratio %	Get a 7-Day Free Trial										10.30	-30.91	-52.66	-85.17	-90.47

Competitive Comparison of Advent Technologies Holdings's Sloan Ratio %

For the Utilities - Renewable subindustry, Advent Technologies 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.

Advent Technologies Holdings's Sloan Ratio % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Advent Technologies Holdings's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Advent Technologies Holdings's Sloan Ratio % falls into.

Advent Technologies 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.

Advent Technologies Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2022 )	-	Cash Flow from Operations (A: Dec. 2022 )
	-	Cash Flow from Investing (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2022 )
	=	(-74.337	-	-32.125
	-	-14.517)	/	89.588
	=	-30.91%

Advent Technologies Holdings's Sloan Ratio for the quarter that ended in Sep. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Sep. 2023 )
	=	(-93.29	-	-26.297
	-	-16.877)	/	55.397
	=	-90.47%

Advent Technologies Holdings's Net Income for the trailing twelve months (TTM) ended in Sep. 2023 was -47.625 (Dec. 2022 ) + -11.988 (Mar. 2023 ) + -21.831 (Jun. 2023 ) + -11.846 (Sep. 2023 ) = $-93.29 Mil.
Advent Technologies Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2023 was 0.041 (Dec. 2022 ) + -11.448 (Mar. 2023 ) + -7.451 (Jun. 2023 ) + -7.439 (Sep. 2023 ) = $-26.30 Mil.
Advent Technologies Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2023 was -10.532 (Dec. 2022 ) + -1.887 (Mar. 2023 ) + -3.539 (Jun. 2023 ) + -0.919 (Sep. 2023 ) = $-16.88 Mil.

Advent Technologies Holdings (NAS:ADN) 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. 2023, Advent Technologies Holdings has a Sloan Ratio of -90.47%, indicating earnings are more likely to be made up of accruals.

Advent Technologies Holdings Sloan Ratio % Related Terms

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Advent Technologies Holdings (Advent Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Advent Technologies Holdings Inc (NAS:ADN) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Rutherford Avenue, Suite 102, Boston, MA, USA, 02129

Website

https://www.advent.energy

Advent Technologies Holdings Inc is an innovation-driven company in the fuel cell and hydrogen technology space. The company develops, manufactures, and assembles complete fuel cell systems and the critical components that determine the performance of hydrogen fuel cells and other energy systems. It serves automotive; aviation and power generation industries. It generates revenue from the sale of fuel cell systems and the sale of MEAs, membranes, and electrodes for specific applications in the fuel cell and energy storage (flow battery) markets.

Executives

Vassilios Gregoriou	director, 10 percent owner, officer: Chairman and CEO	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Kevin L. Brackman	officer: Chief Financial Officer	1293 SOUTH MAIN STREET, AKRON OH 44301
James F. Coffey	officer: COO and General Counsel	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
De Castro Emory Sayre	director, officer: Chief Technology Officer	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Von Mcconnell	director	200 CLARENDON STREET, 25TH FLOOR, BOSTON MA 02116
Panoraia Gourdoupi	director	200 CLARENDON STREET, 25TH FLOOR, BOSTON MA 02116
Wayne Threatt	director	200 CLARENDON STREET, BOSTON MA 02116
Lawrence Epstein	director	1200 CLARENDON STREET, BOSTON MA 02116
Clark Lawrence M Jr	director	C/O PAUL,WEISS,RIFKIND,WHARTON &, GARRISON LLP,1285 AVENUE OF THE AMERICAS, NEW YORK NY 10019-6064
Anggelos Skutaris	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Katherine E. Fleming	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Katrina Fritz	director	ONE MIFFLIN PLACE, 119 MT. AUBURN STREET, SUITE 400, CAMBRIDGE MA 02138
Christos Kaskavelis	officer: Chief Marketing Officer	SYNTAGMATARCHOU DAVAKI 1, FILOTHEI J3 15237
John Hunter William	director, officer: President and CFO	930 TAHOE BOULEVARD, SUITE 802-16, INCLINE VILLAGE NV 89451
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116