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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.
Srisawad Capital 1969 PCL (BKK:SCAP) 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, Srisawad Capital 1969 PCL has a Sloan Ratio of -14.81%, indicating there is a warning stage of accrual build up.
Srisawad Capital 1969 PCL Sloan Ratio % Related Terms
Srisawad Capital 1969 PCL 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.
For the Credit Services subindustry, Srisawad Capital 1969 PCL'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.
Srisawad Capital 1969 PCL Sloan Ratio % vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Srisawad Capital 1969 PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Srisawad Capital 1969 PCL's Sloan Ratio % falls into.
Srisawad Capital 1969 PCL Sloan Ratio % Calculation
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.
Srisawad Capital 1969 PCL's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Srisawad Capital 1969 PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 191.858 (Jun. 2025 ) + 299.427 (Sep. 2025 ) + 219.237 (Dec. 2025 ) + 407.762 (Mar. 2026 ) = ฿1,118 Mil.
Srisawad Capital 1969 PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 1386.52 (Jun. 2025 ) + 1640.501 (Sep. 2025 ) + 1154.592 (Dec. 2025 ) + 832.815 (Mar. 2026 ) = ฿5,014 Mil.
Srisawad Capital 1969 PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 301.974 (Jun. 2025 ) + -502.237 (Sep. 2025 ) + -505.043 (Dec. 2025 ) + 1013.812 (Mar. 2026 ) = ฿309 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.
Srisawad Capital 1969 PCL (BKK:SCAP) has a Sloan Ratio % of -14.81% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Srisawad Capital 1969 PCL and its competitors.
Is Srisawad Capital 1969 PCL's Sloan Ratio % too high?
Srisawad Capital 1969 PCL's current Sloan Ratio % is -14.81%. Overall, Srisawad Capital 1969 PCL has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Srisawad Capital 1969 PCL's Sloan Ratio % compare to V and MA?
Srisawad Capital 1969 PCL's Sloan Ratio % of -14.81% can be compared against companies in the Credit 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 Credit Services company?
A good Sloan Ratio % depends on the Credit 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 Srisawad Capital 1969 PCL and its competitors. Srisawad Capital 1969 PCL's current Sloan Ratio % is -14.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Srisawad Capital 1969 PCL stock overvalued right now?
Based on GuruFocus' analysis, Srisawad Capital 1969 PCL (BKK:SCAP) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿1.37, compared to a current price of ฿1.76 — trading 28.5% above its estimated fair value. The current Sloan Ratio % is -14.81%. Srisawad Capital 1969 PCL's overall GF Score™ is 48/100 with 5 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 Srisawad Capital 1969 PCL (BKK:SCAP), the current Sloan Ratio % is -14.81% 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 Srisawad Capital 1969 PCL (BKK:SCAP) Overvalued in 2026?
Based on GuruFocus' analysis, Srisawad Capital 1969 PCL stock appears to be overvalued.
The current stock price of ฿1.76 is trading 28.5% above its estimated GF Value™ of ฿1.37.
GuruFocus considers Srisawad Capital 1969 PCL to be Modestly Overvalued.
Key valuation signals for BKK:SCAP:
Sloan Ratio %: -14.81%
GF Value™: ฿1.37 vs. price of ฿1.76 (28.5% above fair value)
No single metric tells the full story. See the BKK:SCAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Srisawad Capital 1969 PCL is a finance company under the supervision of the Bank of Thailand. The principal business operations of the Company and its subsidiaries (the Group) are engaged in financial services specifically hire-purchase and loan services. The majority of the company's revenue is generated from the Hire-purchase segment.
48GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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