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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.
Golden Agri-Resources's Sloan Ratio for the quarter that ended in Dec. 2025 was -2.15%.
As of Dec. 2025, Golden Agri-Resources has a Sloan Ratio of -2.15%, indicating the company is in the safe zone and there is no funny business with accruals.
Golden Agri-Resources (OTCPK:GARPF) 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, Golden Agri-Resources has a Sloan Ratio of -2.15%, indicating the company is in the safe zone and there is no funny business with accruals.
Golden Agri-Resources Sloan Ratio % Related Terms
Golden Agri-Resources Sloan Ratio % Historical Data
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The historical data trend for Golden Agri-Resources'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.
For the Farm Products subindustry, Golden Agri-Resources'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.
Golden Agri-Resources Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Golden Agri-Resources's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Golden Agri-Resources'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.
Golden Agri-Resources'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.
Golden Agri-Resources's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 160.259 (Jun. 2025 ) + 239.939 (Dec. 2025 ) = $400 Mil.
Golden Agri-Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was 632.131 (Jun. 2025 ) + 541.524 (Dec. 2025 ) = $1,174 Mil.
Golden Agri-Resources's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -167.699 (Jun. 2025 ) + -376.285 (Dec. 2025 ) = $-544 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.
Golden Agri-Resources (GARPF) has a Sloan Ratio % of -2.15% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Golden Agri-Resources and its competitors.
Is Golden Agri-Resources' Sloan Ratio % too high?
Golden Agri-Resources' current Sloan Ratio % is -2.15%. Overall, Golden Agri-Resources has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Golden Agri-Resources' Sloan Ratio % compare to ADM and BG?
Golden Agri-Resources' Sloan Ratio % of -2.15% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods 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 Golden Agri-Resources and its competitors. Golden Agri-Resources's current Sloan Ratio % is -2.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Agri-Resources stock overvalued right now?
Based on GuruFocus' analysis, Golden Agri-Resources (GARPF) is currently considered Fairly Valued. The stock's GF Value™ is $0.21, compared to a current price of $0.21 — trading 2% above its estimated fair value. The current Sloan Ratio % is -2.15%. Golden Agri-Resources' overall GF Score™ is 51/100 with 4 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 Golden Agri-Resources (GARPF), the current Sloan Ratio % is -2.15% 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 Golden Agri-Resources (GARPF) Overvalued in 2026?
Based on GuruFocus' analysis, Golden Agri-Resources stock appears to be overvalued.
The current stock price of $0.21 is trading 2% above its estimated GF Value™ of $0.21.
GuruFocus considers Golden Agri-Resources to be Fairly Valued.
Key valuation signals for GARPF:
Sloan Ratio %: -2.15%
GF Value™: $0.21 vs. price of $0.21 (2% above fair value)
No single metric tells the full story. See the GARPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Golden Agri-Resources Ltd is an integrated palm oil plantation in Indonesia with estates spanning from east to west across the archipelago. The company markets its products in bulk, industrial and branded form, domestically as well as in international markets. In addition to its main palm-based products, it processes and markets soybean and sunflower oil-based products, especially in China and India, as well as operate sugar trading business. It operates in two segments namely Plantations and palm oil mills - comprises the products from upstream business; Palm, laurics and others - refers to the processing and merchandising of palm and oilseed-based products comprising bulk and branded products, oleochemicals, sugar and other vegetable oils.
51GF Score
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