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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.
Nexg Bhd's Sloan Ratio for the quarter that ended in Mar. 2026 was 2.34%.
As of Mar. 2026, Nexg Bhd has a Sloan Ratio of 2.34%, 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, Nexg Bhd has a Sloan Ratio of 2.34%, indicating the company is in the safe zone and there is no funny business with accruals.
Nexg Bhd Sloan Ratio % Related Terms
Nexg Bhd Sloan Ratio % Historical Data
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The historical data trend for Nexg 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:5216 vs DELL, ANET, SNDK: Sloan Ratio % Comparison
For the Computer Hardware subindustry, Nexg 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.
Nexg Bhd Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, Nexg Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Nexg 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.
Nexg Bhd's Sloan Ratio for the fiscal year that ended in Mar. 2026 is calculated as
Nexg Bhd's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 64.878 (Jun. 2025 ) + 19.446 (Sep. 2025 ) + -130.876 (Dec. 2025 ) + -37.686 (Mar. 2026 ) = RM-84.2 Mil.
Nexg Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 60.891 (Jun. 2025 ) + -76.498 (Sep. 2025 ) + 71.813 (Dec. 2025 ) + 38.809 (Mar. 2026 ) = RM95.0 Mil.
Nexg Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -89.537 (Jun. 2025 ) + -91.389 (Sep. 2025 ) + -1.186 (Dec. 2025 ) + -12.063 (Mar. 2026 ) = RM-194.2 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.
Nexg Bhd (XKLS:5216) has a Sloan Ratio % of 2.34% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Nexg Bhd and its competitors.
Is Nexg Bhd's Sloan Ratio % too high?
Nexg Bhd's current Sloan Ratio % is 2.34%. Overall, Nexg Bhd has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nexg Bhd's Sloan Ratio % compare to DELL and ANET?
Nexg Bhd's Sloan Ratio % of 2.34% 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 Nexg Bhd and its competitors. Nexg Bhd's current Sloan Ratio % is 2.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nexg Bhd stock overvalued right now?
Based on GuruFocus' analysis, Nexg Bhd (XKLS:5216) is currently considered Fairly Valued. The stock's GF Value™ is RM0.30, compared to a current price of RM0.29 — trading 5% below its estimated fair value. The current Sloan Ratio % is 2.34%. Nexg Bhd's overall GF Score™ is 47/100 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 Nexg Bhd (XKLS:5216), the current Sloan Ratio % is 2.34% 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 Nexg Bhd (XKLS:5216) Overvalued in 2026?
Based on GuruFocus' analysis, Nexg Bhd stock appears to be undervalued.
The current stock price of RM0.29 is trading 5% below its estimated GF Value™ of RM0.30.
GuruFocus considers Nexg Bhd to be Fairly Valued.
Key valuation signals for XKLS:5216:
Sloan Ratio %: 2.34%
GF Value™: RM0.30 vs. price of RM0.29 (5% below fair value)
No single metric tells the full story. See the XKLS:5216 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nexg Bhd formerly Datasonic Group Bhd functions in the computer technology field. The company's segments include Customised smart card solutions (CSCS), Manufacturing (MA), and Investment Holding (IH). The CSCS segment is engaged in the provision of large-scale customized software and hardware systems for secure identification (ID), total smart card solutions, and information and communications technology (ICT) project management. The MA segment is engaged in the manufacturing of cards and booklets. The IH segment is engaged in investment holding and the provision of management services to the group of companies. The company derives maximum revenue from the CSCS segment.
47GF Score
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