Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Supply Network's Sloan Ratio for the quarter that ended in Dec. 2025 was 6.13%.
As of Dec. 2025, Supply Network has a Sloan Ratio of 6.13%, indicating the company is in the safe zone and there is no funny business with accruals.
Supply Network (ASX:SNL) 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, Supply Network has a Sloan Ratio of 6.13%, indicating the company is in the safe zone and there is no funny business with accruals.
Supply Network Sloan Ratio % Related Terms
Supply Network Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Supply Network'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:SNL vs ORLY, AZO, GPC: Sloan Ratio % Comparison
For the Auto Parts subindustry, Supply Network'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.
Supply Network Sloan Ratio % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Supply Network's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Supply Network'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.
Supply Network'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.
Supply Network's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 20.233 (Jun. 2025 ) + 22.863 (Dec. 2025 ) = A$43.1 Mil.
Supply Network's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 11.814 (Jun. 2025 ) + 20.179 (Dec. 2025 ) = A$32.0 Mil.
Supply Network's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -2.019 (Jun. 2025 ) + -2.385 (Dec. 2025 ) = A$-4.4 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.
Supply Network (ASX:SNL) has a Sloan Ratio % of 6.13% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Supply Network and its competitors.
Is Supply Network's Sloan Ratio % too high?
Supply Network's current Sloan Ratio % is 6.13%. Overall, Supply Network has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Supply Network's Sloan Ratio % compare to ORLY and AZO?
Supply Network's Sloan Ratio % of 6.13% can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Sloan Ratio % depends on the Vehicles & Parts 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 Supply Network and its competitors. Supply Network's current Sloan Ratio % is 6.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Supply Network stock overvalued right now?
Based on GuruFocus' analysis, Supply Network (ASX:SNL) is currently considered Fairly Valued. The stock's GF Value™ is A$35.07, compared to a current price of A$32.36 — trading 7.7% below its estimated fair value. The current Sloan Ratio % is 6.13%. Supply Network's overall GF Score™ is 95/100 with 1 warning sign 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 Supply Network (ASX:SNL), the current Sloan Ratio % is 6.13% 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 Supply Network (ASX:SNL) Overvalued in 2026?
Based on GuruFocus' analysis, Supply Network stock appears to be undervalued.
The current stock price of A$32.36 is trading 7.7% below its estimated GF Value™ of A$35.07.
GuruFocus considers Supply Network to be Fairly Valued.
Key valuation signals for ASX:SNL:
Sloan Ratio %: 6.13%
GF Value™: A$35.07 vs. price of A$32.36 (7.7% below fair value)
No single metric tells the full story. See the ASX:SNL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Supply Network is a distributor of aftermarket truck and bus parts in Australia and New Zealand, operating under the Multispares brand. The company provides a range of services, including parts supply, procurement, and technical support for fleet operators. Supply Network's revenue has increasingly shifted toward truck parts, which we estimate accounts for at least 85% of sales. The company operates 24 distribution centers and branch sites across Australia and New Zealand.
95GF Score
Get the complete analysis for ASX:SNL
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:SNL has been successfully added to your 
