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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.
Sunlite Recycling Industries (NSE:SUNLITE) 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, Sunlite Recycling Industries has a Sloan Ratio of 23.94%, indicating there is a warning stage of accrual build up.
Sunlite Recycling Industries Sloan Ratio % Related Terms
Sunlite Recycling Industries 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.
For the Electrical Equipment & Parts subindustry, Sunlite Recycling Industries'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.
Sunlite Recycling Industries Sloan Ratio % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sunlite Recycling Industries's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Sunlite Recycling Industries's Sloan Ratio % falls into.
Sunlite Recycling Industries 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 company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Sunlite Recycling Industries's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 143.446 (Sep. 2025 ) + 266.569 (Mar. 2026 ) = ₹410 Mil.
Sunlite Recycling Industries's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -98.967 (Sep. 2025 ) + 94.552 (Mar. 2026 ) = ₹-4 Mil.
Sunlite Recycling Industries's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -29.844 (Sep. 2025 ) + -119.416 (Mar. 2026 ) = ₹-149 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.
Sunlite Recycling Industries (NSE:SUNLITE) has a Sloan Ratio % of 23.94% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Sunlite Recycling Industries and its competitors.
Is Sunlite Recycling Industries' Sloan Ratio % too high?
Sunlite Recycling Industries' current Sloan Ratio % is 23.94%. Overall, Sunlite Recycling Industries has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does Sunlite Recycling Industries' Sloan Ratio % compare to VRT and BE?
Sunlite Recycling Industries' Sloan Ratio % of 23.94% 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 Sunlite Recycling Industries and its competitors. Sunlite Recycling Industries's current Sloan Ratio % is 23.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunlite Recycling Industries stock overvalued right now?
Sunlite Recycling Industries (NSE:SUNLITE) has a current Sloan Ratio % of 23.94%. The current Sloan Ratio % is 23.94%. Sunlite Recycling Industries' overall GF Score™ is 46/100 with 2 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 Sunlite Recycling Industries (NSE:SUNLITE), the current Sloan Ratio % is 23.94% 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.
Sunlite Recycling Industries Ltd is engaged in the business of manufacturing of copper rods & wires, copper earthing wires, copper earthing strips, copper conductors, copper wire bars etc. through recycling of copper scrap, which has electrical and mechanical properties suitable for applications in power generation, transmission, distribution and electronic industries. Further, it is also engaged in providing job work services for processing of various products of copper, wherein its customers provide company with the copper scrap and the company converts the copper scrap into copper wire and copper wire rod as per customer's requirement. It employs an internal quality control mechanism to ensure that its finished product conforms to the exact requirement of its customers.
46GF Score
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