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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.
X2M Connect's Sloan Ratio for the quarter that ended in Dec. 2025 was -196.88%.
Warning Sign:
When sloan ratio (-139.03)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Dec. 2025, X2M Connect has a Sloan Ratio of -196.88%, indicating earnings are more likely to be made up of accruals.
X2M Connect (ASX:X2M) 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, X2M Connect has a Sloan Ratio of -196.88%, indicating earnings are more likely to be made up of accruals.
X2M Connect Sloan Ratio % Related Terms
X2M Connect Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for X2M Connect'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:X2M vs COHR, KEYS, GRMN: Sloan Ratio % Comparison
For the Scientific & Technical Instruments subindustry, X2M Connect'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.
X2M Connect Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, X2M Connect's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where X2M Connect'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.
X2M Connect'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.
X2M Connect's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was -9.798 (Jun. 2025 ) + -3.255 (Dec. 2025 ) = A$-13.05 Mil.
X2M Connect's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was -1.14 (Jun. 2025 ) + 0.107 (Dec. 2025 ) = A$-1.03 Mil.
X2M Connect's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -0.813 (Jun. 2025 ) + -1.806 (Dec. 2025 ) = A$-2.62 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.
X2M Connect (ASX:X2M) has a Sloan Ratio % of -196.88% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on X2M Connect and its competitors.
Is X2M Connect's Sloan Ratio % too high?
X2M Connect's current Sloan Ratio % is -196.88%.
How does X2M Connect's Sloan Ratio % compare to COHR and KEYS?
X2M Connect's Sloan Ratio % of -196.88% can be compared against companies in the Hardware 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 Hardware company?
A good Sloan Ratio % depends on the Hardware 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 X2M Connect and its competitors. X2M Connect's current Sloan Ratio % is -196.88%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is X2M Connect stock overvalued right now?
Based on GuruFocus' analysis, X2M Connect (ASX:X2M) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.01, compared to a current price of A$0.00 — trading 70% below its estimated fair value. The current Sloan Ratio % is -196.88%. 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 X2M Connect (ASX:X2M), the current Sloan Ratio % is -196.88% 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.
X2M Connect Ltd is an Internet of Things (IoT) technology company that uses the internet to deliver productivity improvements, cost savings, and improved public safety to enterprise and government customers. Its focus is servicing the utility sector in the Asia-Pacific utility market through the provision of technology that connects devices over the internet, such as water meters and gas pressure sensors and which enables data exchange and control of these devices. The company's geographical segment includes South Korea, China, Taiwan, and other countries. It derives a majority of revenue from South Korea.
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