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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, Millennium Global Holdings has a Sloan Ratio of 3.10%, indicating the company is in the safe zone and there is no funny business with accruals.
Millennium Global Holdings (PHS:MG) 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, Millennium Global Holdings has a Sloan Ratio of 3.10%, indicating the company is in the safe zone and there is no funny business with accruals.
Millennium Global Holdings Sloan Ratio % Related Terms
Millennium Global Holdings 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 Packaged Foods subindustry, Millennium Global Holdings'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.
Millennium Global Holdings Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Millennium Global Holdings's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Millennium Global Holdings's Sloan Ratio % falls into.
Millennium Global Holdings 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.
Millennium Global Holdings's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 0.3 (Jun. 2025 ) + -0.058 (Sep. 2025 ) + -4.619 (Dec. 2025 ) + -0.41 (Mar. 2026 ) = ₱-5 Mil.
Millennium Global Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -17.51 (Jun. 2025 ) + 91.742 (Sep. 2025 ) + -131.462 (Dec. 2025 ) + -44.509 (Mar. 2026 ) = ₱-102 Mil.
Millennium Global Holdings's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 50.226 (Jun. 2025 ) + -88.726 (Sep. 2025 ) + 73.372 (Dec. 2025 ) + -5.46 (Mar. 2026 ) = ₱29 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.
Millennium Global Holdings (PHS:MG) has a Sloan Ratio % of 3.10% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Millennium Global Holdings and its competitors.
Is Millennium Global Holdings' Sloan Ratio % too high?
Millennium Global Holdings' current Sloan Ratio % is 3.10%.
How does Millennium Global Holdings' Sloan Ratio % compare to KHC and GIS?
Millennium Global Holdings' Sloan Ratio % of 3.10% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods 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 Millennium Global Holdings and its competitors. Millennium Global Holdings's current Sloan Ratio % is 3.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Global Holdings stock overvalued right now?
Based on GuruFocus' analysis, Millennium Global Holdings (PHS:MG) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱0.09, compared to a current price of ₱0.07 — trading 23.3% below its estimated fair value. The current Sloan Ratio % is 3.10%. 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 Millennium Global Holdings (PHS:MG), the current Sloan Ratio % is 3.10% 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.
Millennium Global Holdings Inc is a general holding company. Through its subsidiaries, it is engaged in the processing of seafood and aquaculture products for export and trading of imported marine and other related products. Its key business activity is the processing and export of seafood products such as Black Tiger Shrimps, Kisu (asohos) fillet, frozen lobsters, etc. It derives its revenue from the export sales of aquatic and marine products. The company's operations are geographically located in Japan, Korea, Taiwan, and Hongkong.
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