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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.
As of Apr. 2026, Magni-Tech Industries Bhd has a Sloan Ratio of -0.99%, indicating the company is in the safe zone and there is no funny business with accruals.
Magni-Tech Industries Bhd (XKLS:7087) 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 Apr. 2026, Magni-Tech Industries Bhd has a Sloan Ratio of -0.99%, indicating the company is in the safe zone and there is no funny business with accruals.
Magni-Tech Industries Bhd Sloan Ratio % Related Terms
Magni-Tech Industries 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:7087 vs RL, LEVI, VFC: Sloan Ratio % Comparison
For the Apparel Manufacturing subindustry, Magni-Tech Industries 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.
Magni-Tech Industries Bhd Sloan Ratio % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Magni-Tech Industries Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Magni-Tech Industries Bhd's Sloan Ratio % falls into.
Magni-Tech Industries Bhd Sloan Ratio % Calculation
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.
Magni-Tech Industries Bhd's Sloan Ratio for the fiscal year that ended in Apr. 2026 is calculated as
Magni-Tech Industries Bhd's Net Income for the trailing twelve months (TTM) ended in Apr. 2026 was 35.586 (Jul. 2025 ) + 32.251 (Oct. 2025 ) + 30.74 (Jan. 2026 ) + 22.95 (Apr. 2026 ) = RM122 Mil.
Magni-Tech Industries Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was 45.28 (Jul. 2025 ) + -2.248 (Oct. 2025 ) + 59.94 (Jan. 2026 ) + -1.867 (Apr. 2026 ) = RM101 Mil.
Magni-Tech Industries Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Apr. 2026 was -1.706 (Jul. 2025 ) + -2.703 (Oct. 2025 ) + 1.332 (Jan. 2026 ) + 34.416 (Apr. 2026 ) = RM31 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.
Magni-Tech Industries Bhd (XKLS:7087) has a Sloan Ratio % of -0.99% as of Apr. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Magni-Tech Industries Bhd and its competitors.
Is Magni-Tech Industries Bhd's Sloan Ratio % too high?
Magni-Tech Industries Bhd's current Sloan Ratio % is -0.99%. Overall, Magni-Tech Industries Bhd has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Magni-Tech Industries Bhd's Sloan Ratio % compare to RL and LEVI?
Magni-Tech Industries Bhd's Sloan Ratio % of -0.99% can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Sloan Ratio % depends on the Manufacturing - Apparel & Accessories 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 Magni-Tech Industries Bhd and its competitors. Magni-Tech Industries Bhd's current Sloan Ratio % is -0.99%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magni-Tech Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Magni-Tech Industries Bhd (XKLS:7087) is currently considered Modestly Undervalued. The stock's GF Value™ is RM2.25, compared to a current price of RM1.65 — trading 26.7% below its estimated fair value. The current Sloan Ratio % is -0.99%. Magni-Tech Industries Bhd's overall GF Score™ is 70/100 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 Magni-Tech Industries Bhd (XKLS:7087), the current Sloan Ratio % is -0.99% as of Apr. 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 Magni-Tech Industries Bhd (XKLS:7087) Overvalued in 2026?
Based on GuruFocus' analysis, Magni-Tech Industries Bhd stock appears to be undervalued.
The current stock price of RM1.65 is trading 26.7% below its estimated GF Value™ of RM2.25.
GuruFocus considers Magni-Tech Industries Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:7087:
Sloan Ratio %: -0.99%
GF Value™: RM2.25 vs. price of RM1.65 (26.7% below fair value)
No single metric tells the full story. See the XKLS:7087 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Magni-Tech Industries Bhd, through its subsidiaries, is principally engaged in the manufacturing and sales of garments. The company is organized into two business segments namely Garments, and Packaging segment. The company derives maximum revenue from the Garment segment. The Group engages in the manufacturing and sale of garments, flexible plastic packaging, and corrugated cartons.
70GF Score
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