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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.
Oceania Healthcare's Sloan Ratio for the quarter that ended in Mar. 2026 was -4.08%.
As of Mar. 2026, Oceania Healthcare has a Sloan Ratio of -4.08%, indicating the company is in the safe zone and there is no funny business with accruals.
Oceania Healthcare (ASX:OCA) 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. 2026, Oceania Healthcare has a Sloan Ratio of -4.08%, indicating the company is in the safe zone and there is no funny business with accruals.
Oceania Healthcare Sloan Ratio % Related Terms
Oceania Healthcare Sloan Ratio % Historical Data
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The historical data trend for Oceania Healthcare'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.
ASX:OCA vs HCA, THC, DVA: Sloan Ratio % Comparison
For the Medical Care Facilities subindustry, Oceania Healthcare'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.
Oceania Healthcare Sloan Ratio % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Oceania Healthcare's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Oceania Healthcare'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.
Oceania Healthcare's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Oceania Healthcare's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 4.407 (Sep. 2025 ) + -4.019 (Mar. 2026 ) = A$0.4 Mil.
Oceania Healthcare's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 70.477 (Sep. 2025 ) + 75.277 (Mar. 2026 ) = A$145.8 Mil.
Oceania Healthcare's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -51.735 (Sep. 2025 ) + 10.856 (Mar. 2026 ) = A$-40.9 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.
Oceania Healthcare (ASX:OCA) has a Sloan Ratio % of -4.08% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Oceania Healthcare and its competitors.
Is Oceania Healthcare's Sloan Ratio % too high?
Oceania Healthcare's current Sloan Ratio % is -4.08%. Overall, Oceania Healthcare has a GF Score™ of 41/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Oceania Healthcare's Sloan Ratio % compare to HCA and THC?
Oceania Healthcare's Sloan Ratio % of -4.08% can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Sloan Ratio % depends on the Healthcare Providers & Services 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 Oceania Healthcare and its competitors. Oceania Healthcare's current Sloan Ratio % is -4.08%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oceania Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Oceania Healthcare (ASX:OCA) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.71, compared to a current price of A$0.62 — trading 12.7% below its estimated fair value. The current Sloan Ratio % is -4.08%. Oceania Healthcare's overall GF Score™ is 41/100 with 4 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 Oceania Healthcare (ASX:OCA), the current Sloan Ratio % is -4.08% as of Mar. 2026. 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 Oceania Healthcare (ASX:OCA) Overvalued in 2026?
Based on GuruFocus' analysis, Oceania Healthcare stock appears to be undervalued.
The current stock price of A$0.62 is trading 12.7% below its estimated GF Value™ of A$0.71.
GuruFocus considers Oceania Healthcare to be Modestly Undervalued.
Key valuation signals for ASX:OCA:
Sloan Ratio %: -4.08%
GF Value™: A$0.71 vs. price of A$0.62 (12.7% below fair value)
No single metric tells the full story. See the ASX:OCA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oceania Healthcare Ltd owns and operates rest homes and retirement villages. The business activities of the group are operated through care operations, village operations, and other segments. The company generates maximum revenue from the care operations segment, which includes traditional care beds and care suites as well as the provision of accommodation, care, care packages, meals, and related services to aged care residents. Geographically, it operates throughout New Zealand. The company derives revenue from Rest homes, hospitals, dementia fees, and others.
41GF Score
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