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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.
Reward Wool Industry's Sloan Ratio for the quarter that ended in Jun. 2026 was 2.92%.
As of Jun. 2026, Reward Wool Industry has a Sloan Ratio of 2.92%, indicating the company is in the safe zone and there is no funny business with accruals.
Reward Wool Industry (TPE:1423) 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, Reward Wool Industry has a Sloan Ratio of 2.92%, indicating the company is in the safe zone and there is no funny business with accruals.
Reward Wool Industry Sloan Ratio % Related Terms
Reward Wool Industry Sloan Ratio % Historical Data
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The historical data trend for Reward Wool Industry'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.
Reward Wool Industry Sloan Ratio % Competitor Comparison
For the Textile Manufacturing subindustry, Reward Wool Industry'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.
Reward Wool Industry Sloan Ratio % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Reward Wool Industry's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Reward Wool Industry'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.
Reward Wool Industry's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Reward Wool Industry's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 268.942 (Sep. 2025 ) + 29.403 (Dec. 2025 ) + 15.353 (Mar. 2026 ) + 25.616 (Jun. 2026 ) = NT$339.31 Mil.
Reward Wool Industry's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 147.23 (Sep. 2025 ) + -6.884 (Dec. 2025 ) + 7.732 (Mar. 2026 ) + 5.398 (Jun. 2026 ) = NT$153.48 Mil.
Reward Wool Industry's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -100.176 (Sep. 2025 ) + 53.515 (Dec. 2025 ) + 57.408 (Mar. 2026 ) + 58.4 (Jun. 2026 ) = NT$69.15 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.
Reward Wool Industry (TPE:1423) has a Sloan Ratio % of 2.92% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Reward Wool Industry and its competitors.
Is Reward Wool Industry's Sloan Ratio % too high?
Reward Wool Industry's current Sloan Ratio % is 2.92%. Overall, Reward Wool Industry has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Reward Wool Industry's Sloan Ratio % compare to competitors?
Reward Wool Industry's Sloan Ratio % of 2.92% can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Sloan Ratio % depends on the Manufacturing - Apparel & Accessories 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 Reward Wool Industry and its competitors. Reward Wool Industry's current Sloan Ratio % is 2.92%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reward Wool Industry stock overvalued right now?
Based on GuruFocus' analysis, Reward Wool Industry (TPE:1423) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$31.02, compared to a current price of NT$35.40 — trading 14.1% above its estimated fair value. The current Sloan Ratio % is 2.92%. Reward Wool Industry's overall GF Score™ is 68/100 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 Reward Wool Industry (TPE:1423), the current Sloan Ratio % is 2.92% 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 Reward Wool Industry (TPE:1423) Overvalued in 2026?
Based on GuruFocus' analysis, Reward Wool Industry stock appears to be overvalued.
The current stock price of NT$35.40 is trading 14.1% above its estimated GF Value™ of NT$31.02.
GuruFocus considers Reward Wool Industry to be Modestly Overvalued.
Key valuation signals for TPE:1423:
Sloan Ratio %: 2.92%
GF Value™: NT$31.02 vs. price of NT$35.40 (14.1% above fair value)
No single metric tells the full story. See the TPE:1423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reward Wool Industry Corp operates in the textile manufacturing industry. The company is engaged in the manufacturing and sales of wool tops (including carbonized noil), other special processing tops for shrink-proof, dyeing, and finishing, and import and export of related businesses. Geographically, the company derives its key revenue from its business in Taiwan and the rest from Japan, Korea, and other regions.
68GF 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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