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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.
Optimax Holdings Bhd's Sloan Ratio for the quarter that ended in Mar. 2026 was -7.45%.
As of Mar. 2026, Optimax Holdings Bhd has a Sloan Ratio of -7.45%, indicating the company is in the safe zone and there is no funny business with accruals.
Optimax Holdings Bhd (XKLS:0222) 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, Optimax Holdings Bhd has a Sloan Ratio of -7.45%, indicating the company is in the safe zone and there is no funny business with accruals.
Optimax Holdings Bhd Sloan Ratio % Related Terms
Optimax Holdings Bhd Sloan Ratio % Historical Data
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The historical data trend for Optimax Holdings Bhd'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.
XKLS:0222 vs HCA, THC, DVA: Sloan Ratio % Comparison
For the Medical Care Facilities subindustry, Optimax Holdings 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.
Optimax Holdings Bhd Sloan Ratio % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Optimax Holdings Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Optimax Holdings 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.
Optimax Holdings Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Optimax Holdings Bhd's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 4.161 (Jun. 2025 ) + 2.777 (Sep. 2025 ) + 3.383 (Dec. 2025 ) + 2.809 (Mar. 2026 ) = RM13.1 Mil.
Optimax Holdings Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 8.169 (Jun. 2025 ) + 5.255 (Sep. 2025 ) + 14.487 (Dec. 2025 ) + 3.033 (Mar. 2026 ) = RM30.9 Mil.
Optimax Holdings Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -1.252 (Jun. 2025 ) + -0.829 (Sep. 2025 ) + -3.575 (Dec. 2025 ) + -1.371 (Mar. 2026 ) = RM-7.0 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.
Optimax Holdings Bhd (XKLS:0222) has a Sloan Ratio % of -7.45% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Optimax Holdings Bhd and its competitors.
Is Optimax Holdings Bhd's Sloan Ratio % too high?
Optimax Holdings Bhd's current Sloan Ratio % is -7.45%. Overall, Optimax Holdings Bhd has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Optimax Holdings Bhd's Sloan Ratio % compare to HCA and THC?
Optimax Holdings Bhd's Sloan Ratio % of -7.45% can be compared against companies in the Healthcare Providers & Services 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 Healthcare Providers & Services company?
A good Sloan Ratio % depends on the Healthcare Providers & Services 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 Optimax Holdings Bhd and its competitors. Optimax Holdings Bhd's current Sloan Ratio % is -7.45%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optimax Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Optimax Holdings Bhd (XKLS:0222) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.77, compared to a current price of RM0.52 — trading 33.1% below its estimated fair value. The current Sloan Ratio % is -7.45%. Optimax Holdings Bhd's overall GF Score™ is 69/100 with 2 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 Optimax Holdings Bhd (XKLS:0222), the current Sloan Ratio % is -7.45% 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 Optimax Holdings Bhd (XKLS:0222) Overvalued in 2026?
Based on GuruFocus' analysis, Optimax Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.52 is trading 33.1% below its estimated GF Value™ of RM0.77.
GuruFocus considers Optimax Holdings Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:0222:
Sloan Ratio %: -7.45%
GF Value™: RM0.77 vs. price of RM0.52 (33.1% below fair value)
No single metric tells the full story. See the XKLS:0222 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Optimax Holdings Bhd is a provider of eye specialist services. The company offers a range of services with in-house medical ophthalmology at specialist centres such as specialist clinics, ambulatory care centres, satellite clinics, and specialist hospitals. The company's ambulatory care centres and specialist hospital are equipped with eye operation theatres, and procedure rooms, general and day care wards, and relevant equipment for surgical procedures. It derives revenue from refractive surgery, treatment of eye diseases and disorders, consultation and dispensary services, oculoplastic surgery, plastic Surgery and aesthetic Services and related services. The company operates in geographical segments such as: North Malaysia, Central Malaysia, South Malaysia, East Malaysia and Cambodia.
69GF Score
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