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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.
Joy Spreader Group's Sloan Ratio for the quarter that ended in Jun. 2026 was -12.33%.
Warning Sign:
When sloan ratio (-29.51)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2026, Joy Spreader Group has a Sloan Ratio of -12.33%, indicating earnings are more likely to be made up of accruals.
Joy Spreader Group (FRA:5YN) 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 Jun. 2026, Joy Spreader Group has a Sloan Ratio of -12.33%, indicating earnings are more likely to be made up of accruals.
Joy Spreader Group Sloan Ratio % Related Terms
Joy Spreader Group Sloan Ratio % Historical Data
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The historical data trend for Joy Spreader Group'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.
FRA:5YN vs APP, OMC, TTD: Sloan Ratio % Comparison
For the Advertising Agencies subindustry, Joy Spreader Group'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.
Joy Spreader Group Sloan Ratio % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Joy Spreader Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Joy Spreader Group'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.
Joy Spreader Group's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Joy Spreader Group's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -8.4484725391682 (Dec. 2025 ) + -2.9562813891314 (Jun. 2026 ) = €-11.40 Mil.
Joy Spreader Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -5.8429015820584 (Dec. 2025 ) + 0.0021912989319779 (Jun. 2026 ) = €-5.84 Mil.
Joy Spreader Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -0.31596393446528 (Dec. 2025 ) + 0.066286792692332 (Jun. 2026 ) = €-0.25 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.
Joy Spreader Group (FRA:5YN) has a Sloan Ratio % of -12.33% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Joy Spreader Group and its competitors.
Is Joy Spreader Group's Sloan Ratio % too high?
Joy Spreader Group's current Sloan Ratio % is -12.33%. Overall, Joy Spreader Group has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Joy Spreader Group's Sloan Ratio % compare to APP and OMC?
Joy Spreader Group's Sloan Ratio % of -12.33% can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Sloan Ratio % depends on the Media - Diversified 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 Joy Spreader Group and its competitors. Joy Spreader Group's current Sloan Ratio % is -12.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Joy Spreader Group stock overvalued right now?
Joy Spreader Group (FRA:5YN) has a current Sloan Ratio % of -12.33%. The current Sloan Ratio % is -12.33%. Joy Spreader Group's overall GF Score™ is 51/100 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 Joy Spreader Group (FRA:5YN), the current Sloan Ratio % is -12.33% as of Jun. 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.
Joy Spreader Group Inc is engaged in the provision of AI marketing business, AI overseas marketing business and provision of culture business. The company's segments include the Provision of performance-based we-media marketing services segment, which mainly comprises the provision of these marketing services to help its marketing customers direct to consumer, acquire new users and sales orders; and the AI overseas marketing segment comprises the sales of E-commerce goods and providing marketing services on an online platform. The Provision of culture business segment mainly comprises the short drama production and distribution. The Others segment mainly comprises the provision of the advisory service. Its maximum revenue from the Provision of performance-based we-media marketing services.
51GF 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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