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.
Armata Pharmaceuticals's Sloan Ratio for the quarter that ended in Dec. 2023 was -13.71%.
As of Dec. 2023, Armata Pharmaceuticals has a Sloan Ratio of -13.71%, indicating there is a warning stage of accrual build up.
Armata Pharmaceuticals Sloan Ratio % Historical Data
* 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 Armata Pharmaceuticals's Sloan Ratio %
For the Biotechnology subindustry, Armata Pharmaceuticals'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.
Armata Pharmaceuticals's Sloan Ratio % Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Armata Pharmaceuticals's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Armata Pharmaceuticals's Sloan Ratio % falls into.
Armata Pharmaceuticals 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.
Armata Pharmaceuticals's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Armata Pharmaceuticals's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -14.49 (Mar. 2023 ) + -3.547 (Jun. 2023 ) + -31.161 (Sep. 2023 ) + -19.847 (Dec. 2023 ) = $-69.05 Mil.
Armata Pharmaceuticals's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -17.57 (Mar. 2023 ) + -12.06 (Jun. 2023 ) + -9.687 (Sep. 2023 ) + -8.106 (Dec. 2023 ) = $-47.42 Mil.
Armata Pharmaceuticals's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -2.01 (Mar. 2023 ) + -0.222 (Jun. 2023 ) + -3.512 (Sep. 2023 ) + -2.39 (Dec. 2023 ) = $-8.13 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.
Armata Pharmaceuticals (AMEX:ARMP) 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. 2023, Armata Pharmaceuticals has a Sloan Ratio of -13.71%, indicating there is a warning stage of accrual build up.
Armata Pharmaceuticals Sloan Ratio % Related Terms
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Armata Pharmaceuticals (Armata Pharmaceuticals) Business Description
Armata Pharmaceuticals Inc is a developer of pathogen-specific bacteriophage therapeutics for the treatment of antibiotic-resistant and difficult-to-treat bacterial infections using its proprietary bacteriophage-based technology. It is developing and advancing a broad pipeline of natural and synthetic phage candidates, including clinical candidates for Pseudomonas aeruginosa, Staphylococcus aureus, and other pathogens. In addition, in collaboration with Merck the company is developing proprietary synthetic phage candidates to target an undisclosed infectious disease agent. Further, the company is committed to advancing phage with drug development expertise that spans bench to clinic including in-house phage specific GMP manufacturing.
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