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.
Aemetis's Sloan Ratio for the quarter that ended in Mar. 2024 was -14.26%.
As of Mar. 2024, Aemetis has a Sloan Ratio of -14.26%, indicating there is a warning stage of accrual build up.
Aemetis Sloan Ratio % Historical Data
The historical data trend for Aemetis'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.
For the Oil & Gas Refining & Marketing subindustry, Aemetis'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.
Aemetis's Sloan Ratio % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Aemetis's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Aemetis's Sloan Ratio % falls into.
Aemetis 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.
Aemetis's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Aemetis's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was -25.279 (Jun. 2023 ) + 30.711 (Sep. 2023 ) + -25.442 (Dec. 2023 ) + -24.231 (Mar. 2024 ) = $-44.2 Mil.
Aemetis's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -2.719 (Jun. 2023 ) + -6.161 (Sep. 2023 ) + 33.963 (Dec. 2023 ) + -10.278 (Mar. 2024 ) = $14.8 Mil.
Aemetis's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was -1.647 (Jun. 2023 ) + -8.407 (Sep. 2023 ) + -12.774 (Dec. 2023 ) + -1.683 (Mar. 2024 ) = $-24.5 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.
Aemetis (NAS:AMTX) 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 Mar. 2024, Aemetis has a Sloan Ratio of -14.26%, indicating there is a warning stage of accrual build up.
Aemetis Sloan Ratio % Related Terms
Thank you for viewing the detailed overview of Aemetis's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Aemetis Inc is an international renewable fuel and biochemicals company focused on the production of renewable fuels and chemicals through the acquisition, development and commercialization of technologies that replace traditional petroleum-based products through the conversion of first-generation ethanol and biodiesel plants into advanced biorefineries. It owns and operates an approximately 65 million gallon per year ethanol production facility located in Keyes, California. In addition to low carbon renewable fuel ethanol, the Keyes Plant produces Wet Distillers Grains, Distillers Corn Oil, and Condensed Distillers Solubles, all of which are sold to local dairies and feedlots as animal feed. It operates in the reportable geographic segments of North America and India.
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