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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.
NightFood Holdings's Sloan Ratio for the quarter that ended in Mar. 2026 was -9.51%.
Warning Sign:
When sloan ratio (-80.27)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, NightFood Holdings has a Sloan Ratio of -9.51%, indicating the company is in the safe zone and there is no funny business with accruals.
NightFood Holdings (OTCPK:NGTF) 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, NightFood Holdings has a Sloan Ratio of -9.51%, indicating the company is in the safe zone and there is no funny business with accruals.
NightFood Holdings Sloan Ratio % Related Terms
NightFood Holdings Sloan Ratio % Historical Data
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The historical data trend for NightFood Holdings'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.
For the Specialty Industrial Machinery subindustry, NightFood 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.
NightFood Holdings Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, NightFood Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where NightFood Holdings'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.
NightFood Holdings's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
NightFood Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -4.33 (Jun. 2025 ) + -3.696 (Sep. 2025 ) + -4.288 (Dec. 2025 ) + -5.421 (Mar. 2026 ) = $-17.74 Mil.
NightFood Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -0.969 (Jun. 2025 ) + -0.243 (Sep. 2025 ) + -3.679 (Dec. 2025 ) + -1.294 (Mar. 2026 ) = $-6.19 Mil.
NightFood Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.307 (Jun. 2025 ) + 1.235 (Sep. 2025 ) + -0.031 (Dec. 2025 ) + -0.187 (Mar. 2026 ) = $0.71 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.
NightFood Holdings (NGTF) has a Sloan Ratio % of -9.51% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on NightFood Holdings and its competitors.
Is NightFood Holdings' Sloan Ratio % too high?
NightFood Holdings' current Sloan Ratio % is -9.51%.
How does NightFood Holdings' Sloan Ratio % compare to WFF and AUSI?
NightFood Holdings' Sloan Ratio % of -9.51% can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Sloan Ratio % depends on the Industrial Products 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 NightFood Holdings and its competitors. NightFood Holdings's current Sloan Ratio % is -9.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NightFood Holdings stock overvalued right now?
NightFood Holdings (NGTF) has a current Sloan Ratio % of -9.51%. The current Sloan Ratio % is -9.51%. 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 NightFood Holdings (NGTF), the current Sloan Ratio % is -9.51% 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.
NightFood Holdings Inc operates as a food service and hospitality technology and asset acquisition company. The Company's activities are focused on the integration of AI-powered service robotics and the ownership and operation of hospitality-related real estate. It is organized into two business segments: Robotics-as-a-Service (RaaS) expects to develop and provide automation solutions intended to improve efficiency and reduce labor demands in food service and hospitality environments, with an emphasis on tasks that are labor-intensive or repetitive; Hospitality Asset Ownership plans to acquire, own, and operate hotel properties. These assets may also serve as deployment sites for the Company's automation technologies, where operational efficiencies may be evaluated and implemented.
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