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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.
As of Mar. 2026, Proficient Auto Logistics has a Sloan Ratio of -13.51%, indicating there is a warning stage of accrual build up.
Proficient Auto Logistics (NAS:PAL) 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, Proficient Auto Logistics has a Sloan Ratio of -13.51%, indicating there is a warning stage of accrual build up.
Proficient Auto Logistics Sloan Ratio % Related Terms
Proficient Auto Logistics 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 Integrated Freight & Logistics subindustry, Proficient Auto Logistics'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.
Proficient Auto Logistics Sloan Ratio % vs Transportation Industry
For the Transportation industry and Industrials sector, Proficient Auto Logistics's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Proficient Auto Logistics's Sloan Ratio % falls into.
Proficient Auto Logistics 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.
Proficient Auto Logistics's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Proficient Auto Logistics's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was -1.557 (Jun. 2025 ) + -3.02 (Sep. 2025 ) + -28.251 (Dec. 2025 ) + -6.49 (Mar. 2026 ) = $-39.3 Mil.
Proficient Auto Logistics's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 11.585 (Jun. 2025 ) + 12.462 (Sep. 2025 ) + 7.501 (Dec. 2025 ) + 1.983 (Mar. 2026 ) = $33.5 Mil.
Proficient Auto Logistics's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -8.717 (Jun. 2025 ) + -0.073 (Sep. 2025 ) + -0.343 (Dec. 2025 ) + -0.718 (Mar. 2026 ) = $-9.9 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.
Proficient Auto Logistics (PAL) has a Sloan Ratio % of -13.51% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Proficient Auto Logistics and its competitors.
Is Proficient Auto Logistics' Sloan Ratio % too high?
Proficient Auto Logistics' current Sloan Ratio % is -13.51%. Overall, Proficient Auto Logistics has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Proficient Auto Logistics' Sloan Ratio % compare to SFWL and CRGO?
Proficient Auto Logistics' Sloan Ratio % of -13.51% 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 Proficient Auto Logistics and its competitors. Proficient Auto Logistics's current Sloan Ratio % is -13.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Proficient Auto Logistics stock overvalued right now?
Proficient Auto Logistics (PAL) has a current Sloan Ratio % of -13.51%. The current Sloan Ratio % is -13.51%. Proficient Auto Logistics' overall GF Score™ is 15/100 with 1 warning sign 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 Proficient Auto Logistics (PAL), the current Sloan Ratio % is -13.51% 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.
Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The company is organized into two operating segments, Company Drivers and Subhaulers. In Company Drivers segment, revenue is generated by transporting autos for customers in OEM contract and spot arrangements and secondary market auto moves. In Subhaulers segment, company generates revenue by independent owner operators and independent third-party carriers.
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