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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.
Exim Routes's Sloan Ratio for the quarter that ended in Mar. 2026 was 40.54%.
Warning Sign:
When sloan ratio (39.81)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, Exim Routes has a Sloan Ratio of 40.54%, indicating earnings are more likely to be made up of accruals.
Exim Routes (NSE:EXIMROUTES) 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, Exim Routes has a Sloan Ratio of 40.54%, indicating earnings are more likely to be made up of accruals.
Exim Routes Sloan Ratio % Related Terms
Exim Routes Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Exim Routes'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.
Exim Routes Sloan Ratio % Chart
Exim Routes Annual Data
Trend
Mar23
Mar24
Mar25
Mar26
Sloan Ratio %
18.87
22.30
33.52
40.63
Exim Routes Semi-Annual Data
Sep25
Mar26
Sloan Ratio %
13.74
40.54
NSE:EXIMROUTES vs WM, RSG, WCN: Sloan Ratio % Comparison
For the Waste Management subindustry, Exim Routes'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.
Exim Routes Sloan Ratio % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Exim Routes's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Exim Routes'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.
Exim Routes's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
Exim Routes (NSE:EXIMROUTES) has a Sloan Ratio % of 40.54% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Exim Routes and its competitors.
Is Exim Routes' Sloan Ratio % too high?
Exim Routes' current Sloan Ratio % is 40.54%. Overall, Exim Routes has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Exim Routes' Sloan Ratio % compare to WM and RSG?
Exim Routes' Sloan Ratio % of 40.54% can be compared against companies in the Waste Management 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 Waste Management company?
A good Sloan Ratio % depends on the Waste Management 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 Exim Routes and its competitors. Exim Routes's current Sloan Ratio % is 40.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exim Routes stock overvalued right now?
Exim Routes (NSE:EXIMROUTES) has a current Sloan Ratio % of 40.54%. The current Sloan Ratio % is 40.54%. Exim Routes' overall GF Score™ is 21/100 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 Exim Routes (NSE:EXIMROUTES), the current Sloan Ratio % is 40.54% 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.
Exim Routes Ltd operates as a platform facilitating the exchange of recyclable paper materials, providing services to Indian paper mills that include sourcing and procurement of waste paper, quality assurance, and logistics. To support its operations, it has developed the Exim Routes Intelligence System (ERIS), an AI-powered B2B digital platform designed to perform four primary functions: Supply Chain Operations and Offer Management, Customer and Partner Enablement, Market Intelligence and Data Layer, and Logistics Integration.
21GF 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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