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.
APAC Resources's Sloan Ratio for the quarter that ended in Dec. 2025 was 33.83%.
As of Dec. 2025, APAC Resources has a Sloan Ratio of 33.83%, indicating there is a warning stage of accrual build up.
APAC Resources (OTCPK:APPCF) 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, APAC Resources has a Sloan Ratio of 33.83%, indicating there is a warning stage of accrual build up.
APAC Resources Sloan Ratio % Related Terms
APAC Resources Sloan Ratio % Historical Data
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The historical data trend for APAC Resources'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 Capital Markets subindustry, APAC Resources'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.
APAC Resources Sloan Ratio % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, APAC Resources's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where APAC Resources's Sloan Ratio % falls into.
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.
APAC Resources's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
APAC Resources's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 70.553 (Jun. 2025 ) + 239.058 (Dec. 2025 ) = $309.61 Mil.
APAC Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 10.609 (Jun. 2025 ) + 13.139 (Dec. 2025 ) = $23.75 Mil.
APAC Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was 2.271 (Jun. 2025 ) + -8.51 (Dec. 2025 ) = $-6.24 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.
APAC Resources (APPCF) has a Sloan Ratio % of 33.83% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on APAC Resources and its competitors.
Is APAC Resources' Sloan Ratio % too high?
APAC Resources' current Sloan Ratio % is 33.83%. Overall, APAC Resources has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does APAC Resources' Sloan Ratio % compare to MS and GS?
APAC Resources' Sloan Ratio % of 33.83% can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Sloan Ratio % depends on the Capital Markets 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 APAC Resources and its competitors. APAC Resources's current Sloan Ratio % is 33.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APAC Resources stock overvalued right now?
Based on GuruFocus' analysis, APAC Resources (APPCF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.17, compared to a current price of $0.19 — trading 11.1% above its estimated fair value. The current Sloan Ratio % is 33.83%. APAC Resources' overall GF Score™ is 43/100 with 7 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 APAC Resources (APPCF), the current Sloan Ratio % is 33.83% 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 APAC Resources (APPCF) Overvalued in 2026?
Based on GuruFocus' analysis, APAC Resources stock appears to be overvalued.
The current stock price of $0.19 is trading 11.1% above its estimated GF Value™ of $0.17.
GuruFocus considers APAC Resources to be Modestly Overvalued.
Key valuation signals for APPCF:
Sloan Ratio %: 33.83%
GF Value™: $0.17 vs. price of $0.19 (11.1% above fair value)
No single metric tells the full story. See the APPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APAC Resources Ltd is an investment holding company principally engaged in the commodity trading business and resource investment business. The company operates through three business segments, namely Commodity Business, which includes trading of commodities; Resource investment, which is engaged in the trading of and investment in listed and unlisted securities; and Principal investment and financial services, which engages in the provision of loan financing and investments in loan notes, convertible notes, and other financial assets. The company generates maximum revenue from the Commodity Business segment. It operates in Hong Kong, the PRC, Australia, and the Philippines, with the majority of its revenue coming from the PRC.
43GF Score
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