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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.
Neo-Concept International Group Holdings (NAS:NCI) 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 Dec. 2025, Neo-Concept International Group Holdings has a Sloan Ratio of -14.76%, indicating there is a warning stage of accrual build up.
Neo-Concept International Group Holdings Sloan Ratio % Related Terms
Neo-Concept International Group Holdings 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.
Neo-Concept International Group Holdings Sloan Ratio % Chart
Neo-Concept International Group Holdings Annual Data
For the Apparel Manufacturing subindustry, Neo-Concept International Group Holdings'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.
Neo-Concept International Group Holdings Sloan Ratio % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Neo-Concept International Group Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Neo-Concept International Group Holdings's Sloan Ratio % falls into.
Neo-Concept International Group Holdings 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 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.
Neo-Concept International Group Holdings (NCI) has a Sloan Ratio % of -14.76% as of Dec. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Neo-Concept International Group Holdings and its competitors.
Is Neo-Concept International Group Holdings' Sloan Ratio % too high?
Neo-Concept International Group Holdings' current Sloan Ratio % is -14.76%. Overall, Neo-Concept International Group Holdings has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Neo-Concept International Group Holdings' Sloan Ratio % compare to JL and SKFG?
Neo-Concept International Group Holdings' Sloan Ratio % of -14.76% 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 Neo-Concept International Group Holdings and its competitors. Neo-Concept International Group Holdings's current Sloan Ratio % is -14.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neo-Concept International Group Holdings stock overvalued right now?
Neo-Concept International Group Holdings (NCI) has a current Sloan Ratio % of -14.76%. The current Sloan Ratio % is -14.76%. Neo-Concept International Group Holdings' overall GF Score™ is 25/100 with 3 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 Neo-Concept International Group Holdings (NCI), the current Sloan Ratio % is -14.76% 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.
Neo-Concept International Group Holdings Ltd is a company that is a one-stop apparel solution services provider. The company offers a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European and North American markets.
25GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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