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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.
Silicon Power Computermmunication (ROCO:4973) 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, Silicon Power Computermmunication has a Sloan Ratio of 24.75%, indicating there is a warning stage of accrual build up.
Silicon Power Computermmunication Sloan Ratio % Related Terms
Silicon Power Computermmunication 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.
Silicon Power Computermmunication Sloan Ratio % Chart
ROCO:4973 vs DELL, ANET, SNDK: Sloan Ratio % Comparison
For the Computer Hardware subindustry, Silicon Power Computermmunication'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.
Silicon Power Computermmunication Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, Silicon Power Computermmunication's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Silicon Power Computermmunication's Sloan Ratio % falls into.
Silicon Power Computermmunication 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.
Silicon Power Computermmunication's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 31.972 (Sep. 2025 ) + 145.326 (Dec. 2025 ) + 477.726 (Mar. 2026 ) + 502.944 (Jun. 2026 ) = NT$1,158 Mil.
Silicon Power Computermmunication's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 55.413 (Sep. 2025 ) + -271.984 (Dec. 2025 ) + -238.953 (Mar. 2026 ) + -53.998 (Jun. 2026 ) = NT$-510 Mil.
Silicon Power Computermmunication's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -6.517 (Sep. 2025 ) + -6.02 (Dec. 2025 ) + -6.372 (Mar. 2026 ) + -6.489 (Jun. 2026 ) = NT$-25 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.
Silicon Power Computermmunication (ROCO:4973) has a Sloan Ratio % of 24.75% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Silicon Power Computermmunication and its competitors.
Is Silicon Power Computermmunication's Sloan Ratio % too high?
Silicon Power Computermmunication's current Sloan Ratio % is 24.75%. Overall, Silicon Power Computermmunication has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Silicon Power Computermmunication's Sloan Ratio % compare to DELL and ANET?
Silicon Power Computermmunication's Sloan Ratio % of 24.75% can be compared against companies in the Hardware 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 Hardware company?
A good Sloan Ratio % depends on the Hardware 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 Silicon Power Computermmunication and its competitors. Silicon Power Computermmunication's current Sloan Ratio % is 24.75%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Silicon Power Computermmunication stock overvalued right now?
Based on GuruFocus' analysis, Silicon Power Computermmunication (ROCO:4973) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$62.53, compared to a current price of NT$138.00 — trading 120.7% above its estimated fair value. The current Sloan Ratio % is 24.75%. Silicon Power Computermmunication's overall GF Score™ is 52/100 with 3 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 Silicon Power Computermmunication (ROCO:4973), the current Sloan Ratio % is 24.75% 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 Silicon Power Computermmunication (ROCO:4973) Overvalued in 2026?
Based on GuruFocus' analysis, Silicon Power Computermmunication stock appears to be overvalued.
The current stock price of NT$138.00 is trading 120.7% above its estimated GF Value™ of NT$62.53.
GuruFocus considers Silicon Power Computermmunication to be Significantly Overvalued.
Key valuation signals for ROCO:4973:
Sloan Ratio %: 24.75%
GF Value™: NT$62.53 vs. price of NT$138.00 (120.7% above fair value)
No single metric tells the full story. See the ROCO:4973 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Silicon Power Computer & Communication Inc is mainly engaged in the manufacturing and trading of data storage, processing equipment, and electronic components. Its products include Solid State Drives (SSDs), Memory, Memory Cards, USB Flash Drives, Hard Drives (HDDs), Power Banks, Memory Modules, Industrial Memory Products, and Accessories. The Company operates in America, Asia, Europe, Taiwan, Oceania, and other regions, with America generating the maximum revenue.
52GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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