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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 May. 2026, Fitters Diversified Bhd has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Fitters Diversified Bhd (XKLS:9318) 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 May. 2026, Fitters Diversified Bhd has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
Fitters Diversified Bhd Sloan Ratio % Related Terms
Fitters Diversified 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.
For the Conglomerates subindustry, Fitters Diversified 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.
Fitters Diversified Bhd Sloan Ratio % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Fitters Diversified Bhd's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Fitters Diversified 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.
Fitters Diversified Bhd's Sloan Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Fitters Diversified Bhd's Net Income for the trailing twelve months (TTM) ended in May. 2026 was 6.356 (Jun. 2025 ) + -5.775 (Nov. 2025 ) + -1.963 (Feb. 2026 ) + -0.812 (May. 2026 ) = RM-2.2 Mil.
Fitters Diversified Bhd's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was 0 (Jun. 2025 ) + 10.83 (Nov. 2025 ) + 175.612 (Feb. 2026 ) + -5.454 (May. 2026 ) = RM181.0 Mil.
Fitters Diversified Bhd's Cash Flow from Investing for the trailing twelve months (TTM) ended in May. 2026 was 0 (Jun. 2025 ) + 3.58 (Nov. 2025 ) + -0.087 (Feb. 2026 ) + 14.152 (May. 2026 ) = RM17.6 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.
Fitters Diversified Bhd (XKLS:9318) has a Sloan Ratio % of 0.00% as of May. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Fitters Diversified Bhd and its competitors.
Is Fitters Diversified Bhd's Sloan Ratio % too high?
Fitters Diversified Bhd's current Sloan Ratio % is 0.00%.
How does Fitters Diversified Bhd's Sloan Ratio % compare to MMM and HON?
Fitters Diversified Bhd's Sloan Ratio % of 0.00% can be compared against companies in the Conglomerates 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 Conglomerates company?
A good Sloan Ratio % depends on the Conglomerates 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 Fitters Diversified Bhd and its competitors. Fitters Diversified Bhd's current Sloan Ratio % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fitters Diversified Bhd stock overvalued right now?
Based on GuruFocus' analysis, Fitters Diversified Bhd (XKLS:9318) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.02, compared to a current price of RM0.03 — trading 25% above its estimated fair value. The current Sloan Ratio % is 0.00%. 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 Fitters Diversified Bhd (XKLS:9318), the current Sloan Ratio % is 0.00% as of May. 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.
Fitters Diversified Bhd manufactures and trades safety, firefighting equipment, and industrial products, and installs a Computerised Fire Alarm Monitoring System. Its segments include Fire services; Property development and construction; Renewable and waste-to-energy and green palm oil mill, and Investment holding. Its geographical segments include Malaysia, the British Virgin Islands, and Singapore, of which a majority of the revenue is generated within Malaysia.
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