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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 Jun. 2026, Offshore Oil Engineering Co has a Sloan Ratio of -0.42%, indicating the company is in the safe zone and there is no funny business with accruals.
Offshore Oil Engineering Co (SHSE:600583) 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, Offshore Oil Engineering Co has a Sloan Ratio of -0.42%, indicating the company is in the safe zone and there is no funny business with accruals.
Offshore Oil Engineering Co Sloan Ratio % Related Terms
Offshore Oil Engineering 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.
SHSE:600583 vs SLB, BKR, HAL: Sloan Ratio % Comparison
For the Oil & Gas Equipment & Services subindustry, Offshore Oil Engineering 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.
Offshore Oil Engineering Co Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Offshore Oil Engineering Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Offshore Oil Engineering Co's Sloan Ratio % falls into.
Offshore Oil Engineering Co 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.
Offshore Oil Engineering Co's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 506.6087 (Sep. 2025 ) + 479.5309 (Dec. 2025 ) + 438.4114 (Mar. 2026 ) + 652.891 (Jun. 2026 ) = ¥2,077 Mil.
Offshore Oil Engineering Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 369.9464 (Sep. 2025 ) + 1112.6823 (Dec. 2025 ) + 525.1032 (Mar. 2026 ) + 1198.7927 (Jun. 2026 ) = ¥3,207 Mil.
Offshore Oil Engineering Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 310.8156 (Sep. 2025 ) + 708.9267 (Dec. 2025 ) + -1703.2925 (Mar. 2026 ) + -237.531 (Jun. 2026 ) = ¥-921 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.
Offshore Oil Engineering Co (SHSE:600583) has a Sloan Ratio % of -0.42% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Offshore Oil Engineering Co and its competitors.
Is Offshore Oil Engineering Co's Sloan Ratio % too high?
Offshore Oil Engineering Co's current Sloan Ratio % is -0.42%. Overall, Offshore Oil Engineering Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Offshore Oil Engineering Co's Sloan Ratio % compare to SLB and BKR?
Offshore Oil Engineering Co's Sloan Ratio % of -0.42% can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas 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 Offshore Oil Engineering Co and its competitors. Offshore Oil Engineering Co's current Sloan Ratio % is -0.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Offshore Oil Engineering Co stock overvalued right now?
Based on GuruFocus' analysis, Offshore Oil Engineering Co (SHSE:600583) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.72, compared to a current price of ¥6.10 — trading 6.6% above its estimated fair value. The current Sloan Ratio % is -0.42%. Offshore Oil Engineering Co's overall GF Score™ is 81/100 with 2 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 Offshore Oil Engineering Co (SHSE:600583), the current Sloan Ratio % is -0.42% 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 Offshore Oil Engineering Co (SHSE:600583) Overvalued in 2026?
Based on GuruFocus' analysis, Offshore Oil Engineering Co stock appears to be overvalued.
The current stock price of ¥6.10 is trading 6.6% above its estimated GF Value™ of ¥5.72.
GuruFocus considers Offshore Oil Engineering Co to be Fairly Valued.
Key valuation signals for SHSE:600583:
Sloan Ratio %: -0.42%
GF Value™: ¥5.72 vs. price of ¥6.10 (6.6% above fair value)
No single metric tells the full story. See the SHSE:600583 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Offshore Oil Engineering Co Ltd operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides technical services, subsea pipe maintenance, and other services for offshore oil underwater engineering; oil-gas field development and repair services; and consulting services for deep-sea engineering.
81GF 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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