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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.
Young Shine Electric Co (ROCO:2249) 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 Jun. 2026, Young Shine Electric Co has a Sloan Ratio of 11.69%, indicating there is a warning stage of accrual build up.
Young Shine Electric Co Sloan Ratio % Related Terms
Young Shine Electric Co 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 Auto Parts subindustry, Young Shine Electric Co'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.
Young Shine Electric Co Sloan Ratio % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Young Shine Electric Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Young Shine Electric Co'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.
Young Shine Electric Co's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Young Shine Electric Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 141.155 (Dec. 2025 ) + 136.52 (Jun. 2026 ) = NT$278 Mil.
Young Shine Electric Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 38.622 (Dec. 2025 ) + 302.903 (Jun. 2026 ) = NT$342 Mil.
Young Shine Electric Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -341.009 (Dec. 2025 ) + 22.167 (Jun. 2026 ) = NT$-319 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.
Young Shine Electric Co (ROCO:2249) has a Sloan Ratio % of 11.69% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Young Shine Electric Co and its competitors.
Is Young Shine Electric Co's Sloan Ratio % too high?
Young Shine Electric Co's current Sloan Ratio % is 11.69%. Overall, Young Shine Electric Co has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Young Shine Electric Co's Sloan Ratio % compare to ORLY and AZO?
Young Shine Electric Co's Sloan Ratio % of 11.69% can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Sloan Ratio % depends on the Vehicles & Parts 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 Young Shine Electric Co and its competitors. Young Shine Electric Co's current Sloan Ratio % is 11.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Young Shine Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Young Shine Electric Co (ROCO:2249) is currently considered Fairly Valued. The stock's GF Value™ is NT$84.73, compared to a current price of NT$89.80 — trading 6% above its estimated fair value. The current Sloan Ratio % is 11.69%. Young Shine Electric Co's overall GF Score™ is 94/100 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 Young Shine Electric Co (ROCO:2249), the current Sloan Ratio % is 11.69% as of Jun. 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.
Is Young Shine Electric Co (ROCO:2249) Overvalued in 2026?
Based on GuruFocus' analysis, Young Shine Electric Co stock appears to be overvalued.
The current stock price of NT$89.80 is trading 6% above its estimated GF Value™ of NT$84.73.
GuruFocus considers Young Shine Electric Co to be Fairly Valued.
Key valuation signals for ROCO:2249:
Sloan Ratio %: 11.69%
GF Value™: NT$84.73 vs. price of NT$89.80 (6% above fair value)
No single metric tells the full story. See the ROCO:2249 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Young Shine Electric Co Ltd is engaged in distributing automotive air-conditioning components. The company's main business projects include the manufacturing, sales, and technical services of automobile air-conditioning compressors, heat exchangers, clutches, and automobile water tanks.
94GF Score
Get the complete analysis for ROCO:2249
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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