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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.
CJW International Co's Sloan Ratio for the quarter that ended in Jun. 2026 was -12.89%.
As of Jun. 2026, CJW International Co has a Sloan Ratio of -12.89%, indicating there is a warning stage of accrual build up.
CJW International Co (ROCO:5301) 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, CJW International Co has a Sloan Ratio of -12.89%, indicating there is a warning stage of accrual build up.
CJW International Co Sloan Ratio % Related Terms
CJW International Co Sloan Ratio % Historical Data
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The historical data trend for CJW International Co's Sloan Ratio % can be seen below:
* 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 Luxury Goods subindustry, CJW International 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.
CJW International Co Sloan Ratio % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, CJW International Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where CJW International 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.
CJW International Co's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
CJW International Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was -7.677 (Sep. 2025 ) + -56.127 (Dec. 2025 ) + -11.647 (Mar. 2026 ) + -15.529 (Jun. 2026 ) = NT$-91.0 Mil.
CJW International Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -1.992 (Sep. 2025 ) + 13.917 (Dec. 2025 ) + -5.586 (Mar. 2026 ) + -0.696 (Jun. 2026 ) = NT$5.6 Mil.
CJW International Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 1.367 (Sep. 2025 ) + -2.697 (Dec. 2025 ) + 0.122 (Mar. 2026 ) + -0.066 (Jun. 2026 ) = NT$-1.3 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.
CJW International Co (ROCO:5301) has a Sloan Ratio % of -12.89% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on CJW International Co and its competitors.
Is CJW International Co's Sloan Ratio % too high?
CJW International Co's current Sloan Ratio % is -12.89%. Overall, CJW International Co has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CJW International Co's Sloan Ratio % compare to TPR and SIG?
CJW International Co's Sloan Ratio % of -12.89% can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Sloan Ratio % depends on the Retail - Cyclical 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 CJW International Co and its competitors. CJW International Co's current Sloan Ratio % is -12.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CJW International Co stock overvalued right now?
Based on GuruFocus' analysis, CJW International Co (ROCO:5301) is currently considered Possible Value Trap. The stock's GF Value™ is NT$11.79, compared to a current price of NT$5.01 — trading 57.5% below its estimated fair value. The current Sloan Ratio % is -12.89%. CJW International Co's overall GF Score™ is 64/100 with 4 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 CJW International Co (ROCO:5301), the current Sloan Ratio % is -12.89% 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 CJW International Co (ROCO:5301) Overvalued in 2026?
Based on GuruFocus' analysis, CJW International Co stock appears to be undervalued.
The current stock price of NT$5.01 is trading 57.5% below its estimated GF Value™ of NT$11.79.
GuruFocus considers CJW International Co to be Possible Value Trap.
Key valuation signals for ROCO:5301:
Sloan Ratio %: -12.89%
GF Value™: NT$11.79 vs. price of NT$5.01 (57.5% below fair value)
No single metric tells the full story. See the ROCO:5301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CJW International Co Ltd is engaged in the design and sales of jewelry products and beauty products related to wholesale and retail activities, catering services, and the wholesale and retail of tobacco, alcohol, cosmetics, and 3C products. It also has a printed circuit board business. It offers its products mainly to travel agencies that sell its products to foreign tourists. Its products include Diamond rings, necklaces, Coral products, and other jewelry products. Its segments include the Wholesale and retail sectors; Catering sector; Air transport service sector; and Other sectors. Geographically it has a presence in Taiwan. China, and Malaysia, in which Taiwan generates the majority of its revenue.
64GF 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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