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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.
Haad Thip PCL's Sloan Ratio for the quarter that ended in Mar. 2026 was -1.16%.
As of Mar. 2026, Haad Thip PCL has a Sloan Ratio of -1.16%, indicating the company is in the safe zone and there is no funny business with accruals.
Haad Thip PCL (OTCPK:HAATF) 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, Haad Thip PCL has a Sloan Ratio of -1.16%, indicating the company is in the safe zone and there is no funny business with accruals.
Haad Thip PCL Sloan Ratio % Related Terms
Haad Thip PCL Sloan Ratio % Historical Data
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The historical data trend for Haad Thip PCL'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 Beverages - Non-Alcoholic subindustry, Haad Thip 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.
Haad Thip PCL Sloan Ratio % vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Haad Thip PCL's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Haad Thip PCL'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.
Haad Thip PCL's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Haad Thip PCL's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 4.379 (Jun. 2025 ) + 4.097 (Sep. 2025 ) + 3.569 (Dec. 2025 ) + 6.148 (Mar. 2026 ) = $18.2 Mil.
Haad Thip PCL's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 4.61 (Jun. 2025 ) + 7.538 (Sep. 2025 ) + 8.078 (Dec. 2025 ) + 14.869 (Mar. 2026 ) = $35.1 Mil.
Haad Thip PCL's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -3.631 (Jun. 2025 ) + -3.824 (Sep. 2025 ) + -3.627 (Dec. 2025 ) + -2.929 (Mar. 2026 ) = $-14.0 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.
Haad Thip PCL (HAATF) has a Sloan Ratio % of -1.16% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Haad Thip PCL and its competitors.
Is Haad Thip PCL's Sloan Ratio % too high?
Haad Thip PCL's current Sloan Ratio % is -1.16%. Overall, Haad Thip PCL has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Haad Thip PCL's Sloan Ratio % compare to KO and PEP?
Haad Thip PCL's Sloan Ratio % of -1.16% can be compared against companies in the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic company?
A good Sloan Ratio % depends on the Beverages - Non-Alcoholic 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 Haad Thip PCL and its competitors. Haad Thip PCL's current Sloan Ratio % is -1.16%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haad Thip PCL stock overvalued right now?
Haad Thip PCL (HAATF) has a current Sloan Ratio % of -1.16%. The stock's GF Value™ is $0.50, compared to a current price of $0.48 — trading 3.2% below its estimated fair value. The current Sloan Ratio % is -1.16%. Haad Thip PCL's overall GF Score™ is 81/100 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 Haad Thip PCL (HAATF), the current Sloan Ratio % is -1.16% 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 Haad Thip PCL (HAATF) Overvalued in 2026?
Based on GuruFocus' analysis, Haad Thip PCL stock appears to be undervalued.
The current stock price of $0.48 is trading 3.2% below its estimated GF Value™ of $0.50.
Key valuation signals for HAATF:
Sloan Ratio %: -1.16%
GF Value™: $0.50 vs. price of $0.48 (3.2% below fair value)
No single metric tells the full story. See the HAATF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Haad Thip PCL is engaged in the manufacture and distribution of soft drinks. The company has been granted a franchise by Coca-Cola in the United States to be a producer and distributor of carbonated drinks under the trademarks of Coca-Cola, Fanta, and Sprite, and other non-carbonated products owned by Coca-Cola Company, such as Minute Maid Splash and Namthip Drinking Water. Its brands include Coca-Cola, Sprite, Fanta, Minute Maid, Namthip, A&W, and Aquarius. The company operates business in two segments, namely Carbonated soft drink that produces and distributes soft drinks, and sport drink, including as distributor of other beverages; and Real estate. The majority of its revenue is derived from Carbonated soft drink segment.
81GF Score
Get the complete analysis for HAATF
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