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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.
Noesis Exed Bhd's Sloan Ratio for the quarter that ended in Jun. 2026 was -42.32%.
Warning Sign:
When sloan ratio (-42.32)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Jun. 2026, Noesis Exed Bhd has a Sloan Ratio of -42.32%, indicating earnings are more likely to be made up of accruals.
Noesis Exed Bhd (XKLS:03071) 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, Noesis Exed Bhd has a Sloan Ratio of -42.32%, indicating earnings are more likely to be made up of accruals.
Noesis Exed Bhd Sloan Ratio % Related Terms
Noesis Exed Bhd Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Noesis Exed 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.
Noesis Exed Bhd Sloan Ratio % Chart
Noesis Exed Bhd Annual Data
Trend
Jun24
Jun25
Jun26
Sloan Ratio %
-5.37
4.42
-42.32
Noesis Exed Bhd Semi-Annual Data
Jun24
Dec24
Jun25
Dec25
Jun26
Sloan Ratio %
0.00
0.00
4.42
-29.70
-42.32
XKLS:03071 vs EDU, TAL, LAUR: Sloan Ratio % Comparison
For the Education & Training Services subindustry, Noesis Exed 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.
Noesis Exed Bhd Sloan Ratio % vs Education Industry
For the Education industry and Consumer Defensive sector, Noesis Exed Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Noesis Exed 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.
Noesis Exed Bhd's Sloan Ratio for the fiscal year that ended in Jun. 2026 is calculated as
For company reported semi-annually, GuruFocus uses latest two semi-annual data as the TTM data.
Noesis Exed Bhd's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 1.118 (Dec. 2025 ) + -0.01 (Jun. 2026 ) = RM1.11 Mil.
Noesis Exed Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was -0.734 (Dec. 2025 ) + 1.748 (Jun. 2026 ) = RM1.01 Mil.
Noesis Exed Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was 5.099 (Dec. 2025 ) + 0.004 (Jun. 2026 ) = RM5.10 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.
Noesis Exed Bhd (XKLS:03071) has a Sloan Ratio % of -42.32% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Noesis Exed Bhd and its competitors.
Is Noesis Exed Bhd's Sloan Ratio % too high?
Noesis Exed Bhd's current Sloan Ratio % is -42.32%. Overall, Noesis Exed Bhd has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Noesis Exed Bhd's Sloan Ratio % compare to EDU and TAL?
Noesis Exed Bhd's Sloan Ratio % of -42.32% can be compared against companies in the Education 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 an Education company?
A good Sloan Ratio % depends on the Education 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 Noesis Exed Bhd and its competitors. Noesis Exed Bhd's current Sloan Ratio % is -42.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noesis Exed Bhd stock overvalued right now?
Noesis Exed Bhd (XKLS:03071) has a current Sloan Ratio % of -42.32%. The current Sloan Ratio % is -42.32%. Noesis Exed Bhd's overall GF Score™ is 19/100 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 Noesis Exed Bhd (XKLS:03071), the current Sloan Ratio % is -42.32% 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.
Noesis Exed Bhd is principally involved in the business training and provision of any other training services. The company offers professional certification preparatory courses, including CFA, CIMA, CIM, CPA Australia, FRM and CIA programmes and other training. These are the company's business segments. The maximum revenue is derived from CFA. Its operating segments include (i) Education services and ii) Property investment. The majority of the revenue is derived from the Education services segment, which is involved in the provision of education and related services, including training courses and other education-related activities. Geographically, it generates the maximum revenue from Malaysia and the rest from Singapore.
19GF 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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