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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.
Phoenix Overseas's Sloan Ratio for the quarter that ended in Mar. 2026 was 5.70%.
As of Mar. 2026, Phoenix Overseas has a Sloan Ratio of 5.70%, indicating the company is in the safe zone and there is no funny business with accruals.
Phoenix Overseas (NSE:PHOGLOBAL) 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, Phoenix Overseas has a Sloan Ratio of 5.70%, indicating the company is in the safe zone and there is no funny business with accruals.
Phoenix Overseas Sloan Ratio % Related Terms
Phoenix Overseas Sloan Ratio % Historical Data
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The historical data trend for Phoenix Overseas'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.
NSE:PHOGLOBAL vs GWW, FAST, FERG: Sloan Ratio % Comparison
For the Industrial Distribution subindustry, Phoenix Overseas'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.
Phoenix Overseas Sloan Ratio % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Phoenix Overseas's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Phoenix Overseas'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.
Phoenix Overseas's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Phoenix Overseas's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -7.389 (Sep. 2025 ) + 39.194 (Mar. 2026 ) = ₹32 Mil.
Phoenix Overseas's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -21.639 (Sep. 2025 ) + -60.18 (Mar. 2026 ) = ₹-82 Mil.
Phoenix Overseas's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 36.109 (Sep. 2025 ) + -6.381 (Mar. 2026 ) = ₹30 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.
Phoenix Overseas (NSE:PHOGLOBAL) has a Sloan Ratio % of 5.70% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Phoenix Overseas and its competitors.
Is Phoenix Overseas' Sloan Ratio % too high?
Phoenix Overseas' current Sloan Ratio % is 5.70%. Overall, Phoenix Overseas has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Phoenix Overseas' Sloan Ratio % compare to GWW and FAST?
Phoenix Overseas' Sloan Ratio % of 5.70% can be compared against companies in the Industrial Distribution 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 Distribution company?
A good Sloan Ratio % depends on the Industrial Distribution 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 Phoenix Overseas and its competitors. Phoenix Overseas's current Sloan Ratio % is 5.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Overseas stock overvalued right now?
Phoenix Overseas (NSE:PHOGLOBAL) has a current Sloan Ratio % of 5.70%. The current Sloan Ratio % is 5.70%. Phoenix Overseas' overall GF Score™ is 41/100 with 7 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 Phoenix Overseas (NSE:PHOGLOBAL), the current Sloan Ratio % is 5.70% 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.
Phoenix Overseas Ltd is engaged into trading and marketing of animal feeds and agricultural produce and commodities such as corn, oil cakes, spices like dry red chilies, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soya bean meal and rice bran de-oiled cake. It exports are to Bangladesh among other Asian Countries. It is also engaged in manufacturing of bags for men and women made of jute, cotton, canvas, and leather as well as various other fashion accessories for buyers based in European Countries like France, Italy, Germany, UAE and also in Australia. The company include three segments: Fashion Accessories, Merchant Export and Cold storage. Key revenue is generated from Merchant Export.
41GF Score
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