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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.
Adventure SpA's Sloan Ratio for the quarter that ended in Dec. 2025 was 34.83%.
Warning Sign:
When sloan ratio (34.83)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Dec. 2025, Adventure SpA has a Sloan Ratio of 34.83%, indicating earnings are more likely to be made up of accruals.
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, Adventure SpA has a Sloan Ratio of 34.83%, indicating earnings are more likely to be made up of accruals.
Adventure SpA Sloan Ratio % Related Terms
Adventure SpA Sloan Ratio % Historical Data
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The historical data trend for Adventure SpA'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.
MIL:ADV vs QH, SHOP, UBER: Sloan Ratio % Comparison
For the Software - Application subindustry, Adventure SpA'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.
Adventure SpA Sloan Ratio % vs Software Industry
For the Software industry and Technology sector, Adventure SpA's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Adventure SpA'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.
Adventure SpA'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.
Adventure SpA's Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was 0.029 (Jun. 2025 ) + -0.198 (Dec. 2025 ) = €-0.17 Mil.
Adventure SpA's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was -1.746 (Jun. 2025 ) + -1.154 (Dec. 2025 ) = €-2.90 Mil.
Adventure SpA's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2025 was -7.106 (Jun. 2025 ) + 1.28 (Dec. 2025 ) = €-5.83 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.
Adventure SpA (MIL:ADV) has a Sloan Ratio % of 34.83% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Adventure SpA and its competitors.
Is Adventure SpA's Sloan Ratio % too high?
Adventure SpA's current Sloan Ratio % is 34.83%. Overall, Adventure SpA has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Adventure SpA's Sloan Ratio % compare to QH and SHOP?
Adventure SpA's Sloan Ratio % of 34.83% can be compared against companies in the Software 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 Software company?
A good Sloan Ratio % depends on the Software 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 Adventure SpA and its competitors. Adventure SpA's current Sloan Ratio % is 34.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adventure SpA stock overvalued right now?
Adventure SpA (MIL:ADV) has a current Sloan Ratio % of 34.83%. The current Sloan Ratio % is 34.83%. Adventure SpA's overall GF Score™ is 16/100 with 6 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 Adventure SpA (MIL:ADV), the current Sloan Ratio % is 34.83% 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.
Adventure SpA operates as an online rate comparison platform. The company is engaged in providing carious services that includes lead generation solutions, Advertising solutions, Web development solutions, operational efficiency improvement, and others. The core business of the company is through the portal ameconviene.it a website dedicated to providing consumers with in-depth and up-to-date services and information on tracking the value for its finances, with a focus on home savings, investments, and smart financial choices.
16GF Score
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