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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, Techzone Technology Materials Co has a Sloan Ratio of 1.26%, indicating the company is in the safe zone and there is no funny business with accruals.
Techzone Technology Materials Co (TPE:6947) 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, Techzone Technology Materials Co has a Sloan Ratio of 1.26%, indicating the company is in the safe zone and there is no funny business with accruals.
Techzone Technology Materials Co Sloan Ratio % Related Terms
Techzone Technology Materials 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.
Techzone Technology Materials Co Sloan Ratio % Chart
TPE:6947 vs WM, RSG, WCN: Sloan Ratio % Comparison
For the Waste Management subindustry, Techzone Technology Materials 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.
Techzone Technology Materials Co Sloan Ratio % vs Waste Management Industry
For the Waste Management industry and Industrials sector, Techzone Technology Materials Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Techzone Technology Materials Co's Sloan Ratio % falls into.
Techzone Technology Materials 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.
* 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.
Techzone Technology Materials Co (TPE:6947) has a Sloan Ratio % of 1.26% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Techzone Technology Materials Co and its competitors.
Is Techzone Technology Materials Co's Sloan Ratio % too high?
Techzone Technology Materials Co's current Sloan Ratio % is 1.26%. Overall, Techzone Technology Materials Co has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Techzone Technology Materials Co's Sloan Ratio % compare to WM and RSG?
Techzone Technology Materials Co's Sloan Ratio % of 1.26% can be compared against companies in the Waste Management 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 Waste Management company?
A good Sloan Ratio % depends on the Waste Management 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 Techzone Technology Materials Co and its competitors. Techzone Technology Materials Co's current Sloan Ratio % is 1.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techzone Technology Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Techzone Technology Materials Co (TPE:6947) is currently considered Possible Value Trap. The stock's GF Value™ is NT$148.78, compared to a current price of NT$69.30 — trading 53.4% below its estimated fair value. The current Sloan Ratio % is 1.26%. Techzone Technology Materials Co's overall GF Score™ is 58/100 with 9 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 Techzone Technology Materials Co (TPE:6947), the current Sloan Ratio % is 1.26% 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 Techzone Technology Materials Co (TPE:6947) Overvalued in 2026?
Based on GuruFocus' analysis, Techzone Technology Materials Co stock appears to be undervalued.
The current stock price of NT$69.30 is trading 53.4% below its estimated GF Value™ of NT$148.78.
GuruFocus considers Techzone Technology Materials Co to be Possible Value Trap.
Key valuation signals for TPE:6947:
Sloan Ratio %: 1.26%
GF Value™: NT$148.78 vs. price of NT$69.30 (53.4% below fair value)
No single metric tells the full story. See the TPE:6947 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techzone Technology Materials Co Ltd provides waste treatment and disposal solutions. The company operates an industrial waste treatment center combining incineration treatment, waste heat recovery, and distillation recycling.
58GF 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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