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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.
Apex Healthcare Bhd's Sloan Ratio for the quarter that ended in Sep. 2025 was -7.76%.
As of Sep. 2025, Apex Healthcare Bhd has a Sloan Ratio of -7.76%, indicating the company is in the safe zone and there is no funny business with accruals.
Apex Healthcare Bhd (XKLS:7090) 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 Sep. 2025, Apex Healthcare Bhd has a Sloan Ratio of -7.76%, indicating the company is in the safe zone and there is no funny business with accruals.
Apex Healthcare Bhd Sloan Ratio % Related Terms
Apex Healthcare Bhd Sloan Ratio % Historical Data
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The historical data trend for Apex Healthcare 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:7090 vs MCK, COR, CAH: Sloan Ratio % Comparison
For the Medical Distribution subindustry, Apex Healthcare 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.
Apex Healthcare Bhd Sloan Ratio % vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Apex Healthcare Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Apex Healthcare 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.
Apex Healthcare Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Apex Healthcare Bhd's Net Income for the trailing twelve months (TTM) ended in Sep. 2025 was 13.461 (Dec. 2024 ) + 17.584 (Mar. 2025 ) + 18.818 (Jun. 2025 ) + 15.6 (Sep. 2025 ) = RM65.5 Mil.
Apex Healthcare Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2025 was 33.679 (Dec. 2024 ) + 18.921 (Mar. 2025 ) + 9.242 (Jun. 2025 ) + 29.411 (Sep. 2025 ) = RM91.3 Mil.
Apex Healthcare Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2025 was 43.767 (Dec. 2024 ) + -3.475 (Mar. 2025 ) + 15.902 (Jun. 2025 ) + -4.493 (Sep. 2025 ) = RM51.7 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.
Apex Healthcare Bhd (XKLS:7090) has a Sloan Ratio % of -7.76% as of Sep. 2025. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Apex Healthcare Bhd and its competitors.
Is Apex Healthcare Bhd's Sloan Ratio % too high?
Apex Healthcare Bhd's current Sloan Ratio % is -7.76%. Overall, Apex Healthcare Bhd has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Apex Healthcare Bhd's Sloan Ratio % compare to MCK and COR?
Apex Healthcare Bhd's Sloan Ratio % of -7.76% can be compared against companies in the Medical Distribution 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 Medical Distribution company?
A good Sloan Ratio % depends on the Medical Distribution 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 Apex Healthcare Bhd and its competitors. Apex Healthcare Bhd's current Sloan Ratio % is -7.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex Healthcare Bhd stock overvalued right now?
Apex Healthcare Bhd (XKLS:7090) has a current Sloan Ratio % of -7.76%. The stock's GF Value™ is RM2.27, compared to a current price of RM2.61 — trading 15% above its estimated fair value. The current Sloan Ratio % is -7.76%. Apex Healthcare Bhd's overall GF Score™ is 63/100 with 8 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 Apex Healthcare Bhd (XKLS:7090), the current Sloan Ratio % is -7.76% as of Sep. 2025. 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 Apex Healthcare Bhd (XKLS:7090) Overvalued in 2026?
Based on GuruFocus' analysis, Apex Healthcare Bhd stock appears to be overvalued.
The current stock price of RM2.61 is trading 15% above its estimated GF Value™ of RM2.27.
Key valuation signals for XKLS:7090:
Sloan Ratio %: -7.76%
GF Value™: RM2.27 vs. price of RM2.61 (15% above fair value)
No single metric tells the full story. See the XKLS:7090 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apex Healthcare Bhd is an investment holding company for a group of companies engaged in the development, manufacturing, marketing, and distribution of pharmaceuticals, diagnostics, consumer healthcare products, and orthopedic devices. It has direct operations in Malaysia, Singapore and Others. The company has two manufacturing plants in Melaka and Penang. It has three segments: Manufacturing, Distribution and Corporate. It derives maximum revenue from Malaysia and also has a presence in Singapore and other couintries.
63GF 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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