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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.
As of Dec. 2025, Asia Cement (China) Holdings has a Sloan Ratio of 3.45%, indicating the company is in the safe zone and there is no funny business with accruals.
Asia Cement (China) Holdings (OTCPK:AMNTF) 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. 2025, Asia Cement (China) Holdings has a Sloan Ratio of 3.45%, indicating the company is in the safe zone and there is no funny business with accruals.
Asia Cement (China) Holdings Sloan Ratio % Related Terms
Asia Cement (China) Holdings 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.
For the Building Materials subindustry, Asia Cement (China) 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.
Asia Cement (China) Holdings Sloan Ratio % vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Asia Cement (China) Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Asia Cement (China) Holdings's Sloan Ratio % falls into.
Asia Cement (China) 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.
Asia Cement (China) Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 0.425 (Mar. 2025 ) + 15.506 (Jun. 2025 ) + 4.472 (Sep. 2025 ) + -8.597 (Dec. 2025 ) = $11.8 Mil.
Asia Cement (China) Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 12.589 (Mar. 2025 ) + 31.84 (Jun. 2025 ) + 14.492 (Sep. 2025 ) + -31.418 (Dec. 2025 ) = $27.5 Mil.
Asia Cement (China) Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -3.528 (Mar. 2025 ) + -0.549 (Jun. 2025 ) + -93.373 (Sep. 2025 ) + -15.326 (Dec. 2025 ) = $-112.8 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.
Asia Cement (China) Holdings (AMNTF) has a Sloan Ratio % of 3.45% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Asia Cement (China) Holdings and its competitors.
Is Asia Cement (China) Holdings' Sloan Ratio % too high?
Asia Cement (China) Holdings' current Sloan Ratio % is 3.45%. Overall, Asia Cement (China) Holdings has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asia Cement (China) Holdings' Sloan Ratio % compare to CRH and VMC?
Asia Cement (China) Holdings' Sloan Ratio % of 3.45% can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Building Materials company?
A good Sloan Ratio % depends on the Building Materials industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Asia Cement (China) Holdings and its competitors. Asia Cement (China) Holdings's current Sloan Ratio % is 3.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Cement (China) Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asia Cement (China) Holdings (AMNTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.25, compared to a current price of $0.21 — trading 17.1% below its estimated fair value. The current Sloan Ratio % is 3.45%. Asia Cement (China) Holdings' overall GF Score™ is 48/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Asia Cement (China) Holdings (AMNTF), the current Sloan Ratio % is 3.45% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Asia Cement (China) Holdings (AMNTF) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Cement (China) Holdings stock appears to be undervalued.
The current stock price of $0.21 is trading 17.1% below its estimated GF Value™ of $0.25.
GuruFocus considers Asia Cement (China) Holdings to be Modestly Undervalued.
Key valuation signals for AMNTF:
Sloan Ratio %: 3.45%
GF Value™: $0.25 vs. price of $0.21 (17.1% below fair value)
No single metric tells the full story. See the AMNTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Cement (China) Holdings Corp is an investment holding company. Along with its subsidiaries, it manufactures and sells cement, clinker, ready-mix concrete, blast-furnace slag powder, and other related products. The group operates through the Cement and Concrete business segments, of which a majority of its revenue is generated from the Cement business segment. Geographically, the group's revenue by location of customers is principally derived from the People's Republic of China.
48GF Score
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