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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.
When sloan ratio (-49.98)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, New Century Logistics (BVI) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
New Century Logistics (BVI) (NAS:NCEW) 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, New Century Logistics (BVI) has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
New Century Logistics (BVI) Sloan Ratio % Related Terms
New Century Logistics (BVI) Sloan Ratio % Historical Data
* 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.
NCEW vs JANL, SFWL, CRGO: Sloan Ratio % Comparison
For the Integrated Freight & Logistics subindustry, New Century Logistics (BVI)'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.
New Century Logistics (BVI) Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, New Century Logistics (BVI)'s Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where New Century Logistics (BVI)'s Sloan Ratio % falls into.
New Century Logistics (BVI) Sloan Ratio % Calculation
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.
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
New Century Logistics (BVI)'s Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -8.864 (Sep. 2025 ) + -0.359 (Mar. 2026 ) = $-9.22 Mil.
New Century Logistics (BVI)'s Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Sep. 2025 ) + 0 (Mar. 2026 ) = $0.00 Mil.
New Century Logistics (BVI)'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Sep. 2025 ) + 0 (Mar. 2026 ) = $0.00 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.
New Century Logistics (BVI) (NCEW) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on New Century Logistics (BVI) and its competitors.
Is New Century Logistics (BVI)'s Sloan Ratio % too high?
New Century Logistics (BVI)'s current Sloan Ratio % is 0.00%. Overall, New Century Logistics (BVI) has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does New Century Logistics (BVI)'s Sloan Ratio % compare to JANL and SFWL?
New Century Logistics (BVI)'s Sloan Ratio % of 0.00% can be compared against companies in the Transportation 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 Transportation company?
A good Sloan Ratio % depends on the Transportation 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 New Century Logistics (BVI) and its competitors. New Century Logistics (BVI)'s current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Century Logistics (BVI) stock overvalued right now?
New Century Logistics (BVI) (NCEW) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. New Century Logistics (BVI)'s overall GF Score™ is 17/100 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 New Century Logistics (BVI) (NCEW), the current Sloan Ratio % is 0.00% 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.
New Century Logistics (BVI) Ltd is a freight forwarding service provider based in Hong Kong. The company offers air and ocean export and import freight forwarding services, including the sale of cargo space, cargo pickup, off-airport air cargo security screening, palletization, preparation of shipping documentation, arrangement of customs clearance, and cargo handling at ports. It provides a full range of logistics services supported by a robust international network that facilitates the movement of customers goods. Its services include Project Cargo, Warehousing & Distribution, Ocean Freight Import & Export, and Air Freight Import & Export. The company operates in the British Virgin Islands and Hong Kong, with the majority of its revenue generated from Hong Kong.
17GF Score
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