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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, RAS Technology Holdings has a Sloan Ratio of 18.54%, indicating there is a warning stage of accrual build up.
RAS Technology Holdings (ASX:RTH) 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, RAS Technology Holdings has a Sloan Ratio of 18.54%, indicating there is a warning stage of accrual build up.
RAS Technology Holdings Sloan Ratio % Related Terms
RAS Technology 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.
ASX:RTH vs MSFT, ORCL, PLTR: Sloan Ratio % Comparison
For the Software - Infrastructure subindustry, RAS Technology 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.
RAS Technology Holdings Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, RAS Technology Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where RAS Technology Holdings'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.
RAS Technology Holdings'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.
RAS Technology Holdings's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 0.127 (Jun. 2025 ) + -0.391 (Dec. 2025 ) = A$-0.26 Mil.
RAS Technology Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 2.311 (Jun. 2025 ) + 0.516 (Dec. 2025 ) = A$2.83 Mil.
RAS Technology Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -5.459 (Jun. 2025 ) + -1.635 (Dec. 2025 ) = A$-7.09 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.
RAS Technology Holdings (ASX:RTH) has a Sloan Ratio % of 18.54% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on RAS Technology Holdings and its competitors.
Is RAS Technology Holdings' Sloan Ratio % too high?
RAS Technology Holdings' current Sloan Ratio % is 18.54%. Overall, RAS Technology Holdings has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RAS Technology Holdings' Sloan Ratio % compare to MSFT and ORCL?
RAS Technology Holdings' Sloan Ratio % of 18.54% can be compared against companies in the Software 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 Software company?
A good Sloan Ratio % depends on the Software 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 RAS Technology Holdings and its competitors. RAS Technology Holdings's current Sloan Ratio % is 18.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RAS Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, RAS Technology Holdings (ASX:RTH) is currently considered Significantly Undervalued. The stock's GF Value™ is A$1.55, compared to a current price of A$0.59 — trading 61.9% below its estimated fair value. The current Sloan Ratio % is 18.54%. RAS Technology Holdings' overall GF Score™ is 43/100. 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 RAS Technology Holdings (ASX:RTH), the current Sloan Ratio % is 18.54% 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 RAS Technology Holdings (ASX:RTH) Overvalued in 2026?
Based on GuruFocus' analysis, RAS Technology Holdings stock appears to be undervalued.
The current stock price of A$0.59 is trading 61.9% below its estimated GF Value™ of A$1.55.
GuruFocus considers RAS Technology Holdings to be Significantly Undervalued.
Key valuation signals for ASX:RTH:
Sloan Ratio %: 18.54%
GF Value™: A$1.55 vs. price of A$0.59 (61.9% below fair value)
No single metric tells the full story. See the ASX:RTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RAS Technology Holdings Ltd is a provider of fully integrated premium data, enhanced content, SaaS solutions, and digital and media services to the racing and wagering industries. Geographically, the company operates in Australia, the United Kingdom, the United States, Asia, and the Rest of the World. The company generates the majority of its revenue from Australia.
43GF Score
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