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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 Mar. 2026, Delica Foods Holdings Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Delica Foods Holdings Co (TSE:3392) 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 Mar. 2026, Delica Foods Holdings Co has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Delica Foods Holdings Co Sloan Ratio % Related Terms
Delica Foods Holdings 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.
For the Packaged Foods subindustry, Delica Foods Holdings 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.
Delica Foods Holdings Co Sloan Ratio % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Delica Foods Holdings Co's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Delica Foods Holdings Co's Sloan Ratio % falls into.
Delica Foods Holdings 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.
Delica Foods Holdings Co's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Delica Foods Holdings Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 647.329 (Jun. 2025 ) + 194.731 (Sep. 2025 ) + 282.256 (Dec. 2025 ) + 391.157 (Mar. 2026 ) = 円1,515 Mil.
Delica Foods Holdings Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = 円0 Mil.
Delica Foods Holdings Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 0 (Jun. 2025 ) + 0 (Sep. 2025 ) + 0 (Dec. 2025 ) + 0 (Mar. 2026 ) = 円0 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.
Delica Foods Holdings Co (TSE:3392) has a Sloan Ratio % of 0.00% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Delica Foods Holdings Co and its competitors.
Is Delica Foods Holdings Co's Sloan Ratio % too high?
Delica Foods Holdings Co's current Sloan Ratio % is 0.00%. Overall, Delica Foods Holdings Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delica Foods Holdings Co's Sloan Ratio % compare to KHC and GIS?
Delica Foods Holdings Co's Sloan Ratio % of 0.00% can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Sloan Ratio % depends on the Consumer Packaged Goods 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 Delica Foods Holdings Co and its competitors. Delica Foods Holdings Co's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delica Foods Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Delica Foods Holdings Co (TSE:3392) is currently considered Modestly Overvalued. The stock's GF Value™ is 円727.46, compared to a current price of 円822.00 — trading 13% above its estimated fair value. The current Sloan Ratio % is 0.00%. Delica Foods Holdings Co's overall GF Score™ is 75/100. 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 Delica Foods Holdings Co (TSE:3392), the current Sloan Ratio % is 0.00% as of Mar. 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 Delica Foods Holdings Co (TSE:3392) Overvalued in 2026?
Based on GuruFocus' analysis, Delica Foods Holdings Co stock appears to be overvalued.
The current stock price of 円822.00 is trading 13% above its estimated GF Value™ of 円727.46.
GuruFocus considers Delica Foods Holdings Co to be Modestly Overvalued.
Key valuation signals for TSE:3392:
Sloan Ratio %: 0.00%
GF Value™: 円727.46 vs. price of 円822.00 (13% above fair value)
No single metric tells the full story. See the TSE:3392 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Delica Foods Holdings Co Ltd is mainly involved in the fruit and vegetable business, which involves the sale of whole vegetables to the restaurant industry, its activities in the ready-meal industry, and the manufacture and sale of cut vegetables and meal kits. In addition, the company is engaged in the logistics business, and research and development activities in the fruits and vegetables industry. The company along with its subsidiaries operates in the following reportable segments; Fruit and vegetable business which derives maximum revenue, Logistics business, Research and development and analysis business, and the Holding company.
75GF 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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