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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.
PT Sepatu Bata Tbk's Sloan Ratio for the quarter that ended in Jun. 2026 was -53.17%.
Warning Sign:
When sloan ratio (-53.96)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2026, PT Sepatu Bata Tbk has a Sloan Ratio of -53.17%, indicating earnings are more likely to be made up of accruals.
PT Sepatu Bata Tbk (ISX:BATA) 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, PT Sepatu Bata Tbk has a Sloan Ratio of -53.17%, indicating earnings are more likely to be made up of accruals.
PT Sepatu Bata Tbk Sloan Ratio % Related Terms
PT Sepatu Bata Tbk Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for PT Sepatu Bata Tbk'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.
ISX:BATA vs NKE, DECK, ONON: Sloan Ratio % Comparison
For the Footwear & Accessories subindustry, PT Sepatu Bata Tbk'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.
PT Sepatu Bata Tbk Sloan Ratio % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Sepatu Bata Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Sepatu Bata Tbk'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.
PT Sepatu Bata Tbk's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PT Sepatu Bata Tbk's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -11567.02 (Sep. 2025 ) + -64241.112 (Dec. 2025 ) + -19940.087 (Mar. 2026 ) + -26365.98 (Jun. 2026 ) = Rp-122,114 Mil.
PT Sepatu Bata Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 38243.488 (Sep. 2025 ) + -4860.472 (Dec. 2025 ) + 28756.715 (Mar. 2026 ) + -37223.525 (Jun. 2026 ) = Rp24,916 Mil.
PT Sepatu Bata Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -932.549 (Sep. 2025 ) + 2537.685 (Dec. 2025 ) + -2337.494 (Mar. 2026 ) + -2013.456 (Jun. 2026 ) = Rp-2,746 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.
PT Sepatu Bata Tbk (ISX:BATA) has a Sloan Ratio % of -53.17% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Sepatu Bata Tbk and its competitors.
Is PT Sepatu Bata Tbk's Sloan Ratio % too high?
PT Sepatu Bata Tbk's current Sloan Ratio % is -53.17%. Overall, PT Sepatu Bata Tbk has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does PT Sepatu Bata Tbk's Sloan Ratio % compare to NKE and DECK?
PT Sepatu Bata Tbk's Sloan Ratio % of -53.17% can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Sloan Ratio % depends on the Manufacturing - Apparel & Accessories 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 PT Sepatu Bata Tbk and its competitors. PT Sepatu Bata Tbk's current Sloan Ratio % is -53.17%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Sepatu Bata Tbk stock overvalued right now?
PT Sepatu Bata Tbk (ISX:BATA) has a current Sloan Ratio % of -53.17%. The stock's GF Value™ is Rp43.62, compared to a current price of Rp59.00 — trading 35.3% above its estimated fair value. The current Sloan Ratio % is -53.17%. PT Sepatu Bata Tbk's overall GF Score™ is 47/100 with 7 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 PT Sepatu Bata Tbk (ISX:BATA), the current Sloan Ratio % is -53.17% 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.
Is PT Sepatu Bata Tbk (ISX:BATA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Sepatu Bata Tbk stock appears to be overvalued.
The current stock price of Rp59.00 is trading 35.3% above its estimated GF Value™ of Rp43.62.
Key valuation signals for ISX:BATA:
Sloan Ratio %: -53.17%
GF Value™: Rp43.62 vs. price of Rp59.00 (35.3% above fair value)
No single metric tells the full story. See the ISX:BATA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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PT Sepatu Bata Tbk is engaged in the footwear manufacturing and retail industry. It presents a range of footwear comprising leather shoes, sandals, built-up canvas shoes, casual shoes, sports shoes, industrial safety footwear, and injection-molded shoes. The products are marketed by the company under various brand names, such as Bata, which is its main brand; North Star; Power; Bubblegummers; Marie Claire; Pata Pata, and Weinbrenne. Its segment comprises Retail, E-commerce, Industrial, export-related parties, and Others.
47GF Score
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