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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.
Aradel Holdings's Sloan Ratio for the quarter that ended in Jun. 2026 was -10.91%.
As of Jun. 2026, Aradel Holdings has a Sloan Ratio of -10.91%, indicating there is a warning stage of accrual build up.
Aradel Holdings (NSA:ARADEL) 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, Aradel Holdings has a Sloan Ratio of -10.91%, indicating there is a warning stage of accrual build up.
Aradel Holdings Sloan Ratio % Related Terms
Aradel Holdings Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Aradel 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 Oil & Gas Integrated subindustry, Aradel 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.
Aradel Holdings Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Aradel Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Aradel 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.
Aradel Holdings's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Aradel Holdings's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 86776.903 (Sep. 2025 ) + 106118.516 (Dec. 2025 ) + 64374.27 (Mar. 2026 ) + 86016.693 (Jun. 2026 ) = ₦343,286 Mil.
Aradel Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 52244.555 (Sep. 2025 ) + -16859.159 (Dec. 2025 ) + 913965.546 (Mar. 2026 ) + 78557.222 (Jun. 2026 ) = ₦1,027,908 Mil.
Aradel Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -44763.556 (Sep. 2025 ) + 801465.307 (Dec. 2025 ) + -128607.261 (Mar. 2026 ) + -145919.855 (Jun. 2026 ) = ₦482,175 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.
Aradel Holdings (NSA:ARADEL) has a Sloan Ratio % of -10.91% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Aradel Holdings and its competitors.
Is Aradel Holdings' Sloan Ratio % too high?
Aradel Holdings' current Sloan Ratio % is -10.91%. Overall, Aradel Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Aradel Holdings' Sloan Ratio % compare to XOM and CVX?
Aradel Holdings' Sloan Ratio % of -10.91% can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 Aradel Holdings and its competitors. Aradel Holdings's current Sloan Ratio % is -10.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aradel Holdings stock overvalued right now?
Aradel Holdings (NSA:ARADEL) has a current Sloan Ratio % of -10.91%. The current Sloan Ratio % is -10.91%. Aradel Holdings' overall GF Score™ is 18/100 with 4 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 Aradel Holdings (NSA:ARADEL), the current Sloan Ratio % is -10.91% 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.
Aradel Holdings PLC is an indigenous energy company in Nigeria. It engaged in the upstream, midstream, and downstream value chain of the oil and gas industry. Its operations include Energy Transition and Renewable Energy. The group's assets are OML 54, OML 53, OML 34, and OPL 227. The group's operations cover four segments: Crude Oil, Gas, Refinery & Investment Properties. The maximum revenue is from Crude Oil.
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