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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 (27.31)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, Aspire and Innovative Advertising has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Aspire and Innovative Advertising (NSE:ASPIRE) 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, Aspire and Innovative Advertising has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Aspire and Innovative Advertising Sloan Ratio % Related Terms
Aspire and Innovative Advertising 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.
Aspire and Innovative Advertising Sloan Ratio % Chart
NSE:ASPIRE vs UPS, FDX, JBHT: Sloan Ratio % Comparison
For the Integrated Freight & Logistics subindustry, Aspire and Innovative Advertising'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.
Aspire and Innovative Advertising Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Aspire and Innovative Advertising's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Aspire and Innovative Advertising's Sloan Ratio % falls into.
Aspire and Innovative Advertising 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.
Aspire and Innovative Advertising (NSE:ASPIRE) 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 Aspire and Innovative Advertising and its competitors.
Is Aspire and Innovative Advertising's Sloan Ratio % too high?
Aspire and Innovative Advertising's current Sloan Ratio % is 0.00%. Overall, Aspire and Innovative Advertising has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Aspire and Innovative Advertising's Sloan Ratio % compare to UPS and FDX?
Aspire and Innovative Advertising'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 Aspire and Innovative Advertising and its competitors. Aspire and Innovative Advertising'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 Aspire and Innovative Advertising stock overvalued right now?
Aspire and Innovative Advertising (NSE:ASPIRE) has a current Sloan Ratio % of 0.00%. The current Sloan Ratio % is 0.00%. Aspire and Innovative Advertising's overall GF Score™ is 32/100 with 8 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 Aspire and Innovative Advertising (NSE:ASPIRE), 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.
Aspire and Innovative Advertising Business Description
Aspire and Innovative Advertising Ltd is engaged in the trading of a wide range of consumer durables, including kitchen appliances, home appliances, white goods, mobile phones, accessories, and solar products. The company sources products from multiple renowned brands such as Bajaj, Prestige, Vivo, Samsung, Crompton, Whirlpool, Hindware, Havells, and many more, and offers them prominently to rural and semi-urban areas across India. Revenue is generated mainly through sales of these consumer durables, supported by a network of intermediaries and distribution centers that facilitate product availability in targeted regions.
32GF Score
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