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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.
Omega Oil & Gas's Sloan Ratio for the quarter that ended in Dec. 2025 was 17.81%.
Warning Sign:
When sloan ratio (38.14)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Dec. 2025, Omega Oil & Gas has a Sloan Ratio of 17.81%, indicating earnings are more likely to be made up of accruals.
Omega Oil & Gas (ASX:OMA) 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, Omega Oil & Gas has a Sloan Ratio of 17.81%, indicating earnings are more likely to be made up of accruals.
Omega Oil & Gas Sloan Ratio % Related Terms
Omega Oil & Gas Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Omega Oil & Gas'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:OMA vs COP, EOG, FANG: Sloan Ratio % Comparison
For the Oil & Gas E&P subindustry, Omega Oil & Gas'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.
Omega Oil & Gas Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Omega Oil & Gas's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Omega Oil & Gas'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.
Omega Oil & Gas'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.
Omega Oil & Gas's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was -2.712 (Jun. 2025 ) + -3.065 (Dec. 2025 ) = A$-5.78 Mil.
Omega Oil & Gas's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was -1.312 (Jun. 2025 ) + 4.492 (Dec. 2025 ) = A$3.18 Mil.
Omega Oil & Gas's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -12.433 (Jun. 2025 ) + -16.348 (Dec. 2025 ) = A$-28.78 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.
Omega Oil & Gas (ASX:OMA) has a Sloan Ratio % of 17.81% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Omega Oil & Gas and its competitors.
Is Omega Oil & Gas' Sloan Ratio % too high?
Omega Oil & Gas' current Sloan Ratio % is 17.81%. Overall, Omega Oil & Gas has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Omega Oil & Gas' Sloan Ratio % compare to COP and EOG?
Omega Oil & Gas' Sloan Ratio % of 17.81% can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 Omega Oil & Gas and its competitors. Omega Oil & Gas's current Sloan Ratio % is 17.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Omega Oil & Gas stock overvalued right now?
Omega Oil & Gas (ASX:OMA) has a current Sloan Ratio % of 17.81%. The current Sloan Ratio % is 17.81%. Omega Oil & Gas' overall GF Score™ is 21/100 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 Omega Oil & Gas (ASX:OMA), the current Sloan Ratio % is 17.81% 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.
Omega Oil & Gas Ltd is an Australian exploration company unlocking oil and gas resources in Queensland's Taroom Trough, an emerging energy frontier. The company is advancing the Canyon Project within this under-explored region of the south Bowen Basin. Appraisal activities include drilling and fracture stimulation of the Canyon-1H well, and data acquisition at Canyon-2 confirming an extensive petroleum system. The company holds 100% interest in Authority to Prospect 2037 and 2038 located west of Tara. It is also conducting a strategic review of the Bennett Oil project in Petroleum Lease 17 near the Surat Basin and engaging with potential farm-in partners.
21GF Score
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