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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.
Kinergy Advancement Bhd (XKLS:0193) 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, Kinergy Advancement Bhd has a Sloan Ratio of 13.27%, indicating there is a warning stage of accrual build up.
Kinergy Advancement Bhd Sloan Ratio % Related Terms
Kinergy Advancement Bhd 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.
XKLS:0193 vs PWR, FIX, EME: Sloan Ratio % Comparison
For the Engineering & Construction subindustry, Kinergy Advancement Bhd'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.
Kinergy Advancement Bhd Sloan Ratio % vs Construction Industry
For the Construction industry and Industrials sector, Kinergy Advancement Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Kinergy Advancement Bhd'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.
Kinergy Advancement Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Kinergy Advancement Bhd's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 6.489 (Jun. 2025 ) + 7.9 (Sep. 2025 ) + 9.659 (Dec. 2025 ) + 7.375 (Mar. 2026 ) = RM31.4 Mil.
Kinergy Advancement Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 43.007 (Jun. 2025 ) + -85.465 (Sep. 2025 ) + 22.185 (Dec. 2025 ) + 24.627 (Mar. 2026 ) = RM4.4 Mil.
Kinergy Advancement Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -37.09 (Jun. 2025 ) + -4.016 (Sep. 2025 ) + -3.365 (Dec. 2025 ) + -18.337 (Mar. 2026 ) = RM-62.8 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.
Kinergy Advancement Bhd (XKLS:0193) has a Sloan Ratio % of 13.27% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Kinergy Advancement Bhd and its competitors.
Is Kinergy Advancement Bhd's Sloan Ratio % too high?
Kinergy Advancement Bhd's current Sloan Ratio % is 13.27%. Overall, Kinergy Advancement Bhd has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kinergy Advancement Bhd's Sloan Ratio % compare to PWR and FIX?
Kinergy Advancement Bhd's Sloan Ratio % of 13.27% can be compared against companies in the Construction 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 Construction company?
A good Sloan Ratio % depends on the Construction 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 Kinergy Advancement Bhd and its competitors. Kinergy Advancement Bhd's current Sloan Ratio % is 13.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinergy Advancement Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kinergy Advancement Bhd (XKLS:0193) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.91, compared to a current price of RM0.42 — trading 54.4% below its estimated fair value. The current Sloan Ratio % is 13.27%. Kinergy Advancement Bhd's overall GF Score™ is 65/100 with 7 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 Kinergy Advancement Bhd (XKLS:0193), the current Sloan Ratio % is 13.27% 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 Kinergy Advancement Bhd (XKLS:0193) Overvalued in 2026?
Based on GuruFocus' analysis, Kinergy Advancement Bhd stock appears to be undervalued.
The current stock price of RM0.42 is trading 54.4% below its estimated GF Value™ of RM0.91.
GuruFocus considers Kinergy Advancement Bhd to be Possible Value Trap.
Key valuation signals for XKLS:0193:
Sloan Ratio %: 13.27%
GF Value™: RM0.91 vs. price of RM0.42 (54.4% below fair value)
No single metric tells the full story. See the XKLS:0193 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinergy Advancement Bhd is principally engaged in the business of provision of electrical and mechanical engineering services and operation of generating facilities that produce electric energy. The Company is recognised in the ENERGY SPACE as a Holistic One-Stop Energy and Engineering Solutions Provider. The reportable business segments of the Group comprise Engineering, provision of engineering solutions, and Sustainable Energy Solutions (SES), provision of clean energy, renewable energy and energy efficient solutions. It generates maximum revenue from Sustainable Energy Solutions (SES). It operates in Malaysia, Thailand and Indonesia, and generates maximum revenue from Malaysia.
65GF Score
Get the complete analysis for XKLS:0193
Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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