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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.
SMIS Bhd's Sloan Ratio for the quarter that ended in Mar. 2026 was 2.87%.
As of Mar. 2026, SMIS Bhd has a Sloan Ratio of 2.87%, 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, SMIS Bhd has a Sloan Ratio of 2.87%, indicating the company is in the safe zone and there is no funny business with accruals.
SMIS Bhd Sloan Ratio % Related Terms
SMIS Bhd Sloan Ratio % Historical Data
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The historical data trend for SMIS 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:7132 vs ORLY, AZO, GPC: Sloan Ratio % Comparison
For the Auto Parts subindustry, SMIS 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.
SMIS Bhd Sloan Ratio % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, SMIS Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where SMIS 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.
SMIS Bhd's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
SMIS Bhd's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 0.833 (Jun. 2025 ) + 0.698 (Sep. 2025 ) + 1.371 (Dec. 2025 ) + 0.15 (Mar. 2026 ) = RM3.1 Mil.
SMIS Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 5.576 (Jun. 2025 ) + 3.037 (Sep. 2025 ) + 2.518 (Dec. 2025 ) + -2.703 (Mar. 2026 ) = RM8.4 Mil.
SMIS Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -0.587 (Jun. 2025 ) + -0.642 (Sep. 2025 ) + -4.555 (Dec. 2025 ) + -3.732 (Mar. 2026 ) = RM-9.5 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.
SMIS Bhd (XKLS:7132) has a Sloan Ratio % of 2.87% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on SMIS Bhd and its competitors.
Is SMIS Bhd's Sloan Ratio % too high?
SMIS Bhd's current Sloan Ratio % is 2.87%. Overall, SMIS Bhd has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SMIS Bhd's Sloan Ratio % compare to ORLY and AZO?
SMIS Bhd's Sloan Ratio % of 2.87% can be compared against companies in the Vehicles & Parts 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 Vehicles & Parts company?
A good Sloan Ratio % depends on the Vehicles & Parts 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 SMIS Bhd and its competitors. SMIS Bhd's current Sloan Ratio % is 2.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMIS Bhd stock overvalued right now?
Based on GuruFocus' analysis, SMIS Bhd (XKLS:7132) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.67, compared to a current price of RM0.53 — trading 20.9% below its estimated fair value. The current Sloan Ratio % is 2.87%. SMIS Bhd's overall GF Score™ is 50/100 with 3 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 SMIS Bhd (XKLS:7132), the current Sloan Ratio % is 2.87% 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 SMIS Bhd (XKLS:7132) Overvalued in 2026?
Based on GuruFocus' analysis, SMIS Bhd stock appears to be undervalued.
The current stock price of RM0.53 is trading 20.9% below its estimated GF Value™ of RM0.67.
GuruFocus considers SMIS Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:7132:
Sloan Ratio %: 2.87%
GF Value™: RM0.67 vs. price of RM0.53 (20.9% below fair value)
No single metric tells the full story. See the XKLS:7132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SMIS Corp Bhd is engaged in manufacturing and trading of carpet of all descriptions, automotive braking components and motorcycle components with a lesser portion of business generated from trading of industrial spares. Its products are supplied to Malaysia, Indonesia and Thailand. Business from the industrial spares and braking components are supplied out of Malaysia whilst automotive carpets are supplied from Malaysia and Indonesia. Its segments include Automotive parts, which derives the majority of the revenue, engaged in manufacturing and trading of carpet of all descriptions and manufacturing of automotive braking components and motorcycle components; Machinery parts engaged in trading of machinery and industrial parts supplies; and Others, engaged in investment holding and dormants.
50GF Score
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