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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.
Highwater Ethanol LLC's Sloan Ratio for the quarter that ended in Apr. 2026 was 15.42%.
As of Apr. 2026, Highwater Ethanol LLC has a Sloan Ratio of 15.42%, indicating there is a warning stage of accrual build up.
Highwater Ethanol LLC (OTCPK:HEOL) 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 Apr. 2026, Highwater Ethanol LLC has a Sloan Ratio of 15.42%, indicating there is a warning stage of accrual build up.
Highwater Ethanol LLC Sloan Ratio % Related Terms
Highwater Ethanol LLC Sloan Ratio % Historical Data
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The historical data trend for Highwater Ethanol LLC'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.
HEOL vs BDCO, DLXY, FGPR: Sloan Ratio % Comparison
For the Oil & Gas Refining & Marketing subindustry, Highwater Ethanol LLC'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.
Highwater Ethanol LLC Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Highwater Ethanol LLC's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Highwater Ethanol LLC'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.
Highwater Ethanol LLC's Sloan Ratio for the fiscal year that ended in Oct. 2025 is calculated as
Highwater Ethanol LLC's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was 1.678 (Jul. 2025 ) + 15.12 (Oct. 2025 ) + 5.61 (Jan. 2026 ) + 8.316 (Apr. 2026 ) = $30.7 Mil.
Highwater Ethanol LLC's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was 2.258 (Jul. 2025 ) + 10.978 (Oct. 2025 ) + 4.271 (Jan. 2026 ) + 3.273 (Apr. 2026 ) = $20.8 Mil.
Highwater Ethanol LLC's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was -1.928 (Jul. 2025 ) + -1.339 (Oct. 2025 ) + -1.25 (Jan. 2026 ) + -0.028 (Apr. 2026 ) = $-4.5 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.
Highwater Ethanol LLC (HEOL) has a Sloan Ratio % of 15.42% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Highwater Ethanol LLC and its competitors.
Is Highwater Ethanol LLC's Sloan Ratio % too high?
Highwater Ethanol LLC's current Sloan Ratio % is 15.42%. Overall, Highwater Ethanol LLC has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Highwater Ethanol LLC's Sloan Ratio % compare to BDCO and DLXY?
Highwater Ethanol LLC's Sloan Ratio % of 15.42% can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 Highwater Ethanol LLC and its competitors. Highwater Ethanol LLC's current Sloan Ratio % is 15.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highwater Ethanol LLC stock overvalued right now?
Highwater Ethanol LLC (HEOL) has a current Sloan Ratio % of 15.42%. The stock's GF Value™ is $13,044.53, compared to a current price of $14,555.00 — trading 11.6% above its estimated fair value. The current Sloan Ratio % is 15.42%. Highwater Ethanol LLC's overall GF Score™ is 24/100 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 Highwater Ethanol LLC (HEOL), the current Sloan Ratio % is 15.42% as of Apr. 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 Highwater Ethanol LLC (HEOL) Overvalued in 2026?
Based on GuruFocus' analysis, Highwater Ethanol LLC stock appears to be overvalued.
The current stock price of $14,555.00 is trading 11.6% above its estimated GF Value™ of $13,044.53.
Key valuation signals for HEOL:
Sloan Ratio %: 15.42%
GF Value™: $13,044.53 vs. price of $14,555.00 (11.6% above fair value)
No single metric tells the full story. See the HEOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Highwater Ethanol LLC is engaged in the production of ethanol and distillers grains at the plant. It focuses on the manufacturing and marketing of fuel-grade ethanol and the co-products of the ethanol production process. Its products include fuel-grade ethanol, distillers grains, and corn oil. The company produces and sells fuel ethanol and co-products of the fuel ethanol production process in the continental United States.
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