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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.
Daiko Xtech's Sloan Ratio for the quarter that ended in Mar. 2026 was 0.00%.
As of Mar. 2026, Daiko Xtech has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
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, Daiko Xtech has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Daiko Xtech Sloan Ratio % Related Terms
Daiko Xtech Sloan Ratio % Historical Data
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The historical data trend for Daiko Xtech'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.
TSE:8023 vs SNX, ARW, AVT: Sloan Ratio % Comparison
For the Electronics & Computer Distribution subindustry, Daiko Xtech'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.
Daiko Xtech Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, Daiko Xtech's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Daiko Xtech'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.
Daiko Xtech's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Daiko Xtech's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 200.111 (Jun. 2025 ) + 241.159 (Sep. 2025 ) + 133.17 (Dec. 2025 ) + 868.34 (Mar. 2026 ) = 円1,443 Mil.
Daiko Xtech'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.
Daiko Xtech'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.
Daiko Xtech (TSE:8023) 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 Daiko Xtech and its competitors.
Is Daiko Xtech's Sloan Ratio % too high?
Daiko Xtech's current Sloan Ratio % is 0.00%. Overall, Daiko Xtech has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Daiko Xtech's Sloan Ratio % compare to SNX and ARW?
Daiko Xtech's Sloan Ratio % of 0.00% can be compared against companies in the Hardware 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 Hardware company?
A good Sloan Ratio % depends on the Hardware 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 Daiko Xtech and its competitors. Daiko Xtech'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 Daiko Xtech stock overvalued right now?
Based on GuruFocus' analysis, Daiko Xtech (TSE:8023) is currently considered Modestly Overvalued. The stock's GF Value™ is 円947.13, compared to a current price of 円1,059.00 — trading 11.8% above its estimated fair value. The current Sloan Ratio % is 0.00%. Daiko Xtech's overall GF Score™ is 71/100 with 1 warning sign 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 Daiko Xtech (TSE:8023), 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 Daiko Xtech (TSE:8023) Overvalued in 2026?
Based on GuruFocus' analysis, Daiko Xtech stock appears to be overvalued.
The current stock price of 円1,059.00 is trading 11.8% above its estimated GF Value™ of 円947.13.
GuruFocus considers Daiko Xtech to be Modestly Overvalued.
Key valuation signals for TSE:8023:
Sloan Ratio %: 0.00%
GF Value™: 円947.13 vs. price of 円1,059.00 (11.8% above fair value)
No single metric tells the full story. See the TSE:8023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Daiko Xtech Ltd formerly Daiko Denshi Tsushin Ltd s engaged in the sale of information communications equipment and the provision of related services. The principal business activities of the company include system consultancy, sales and maintenances of various types of computers, development and maintenances of software, sales and maintenances of a network, sales of computer-related products and construction of office facility.
71GF 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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