Simplicity Esports and Gaming Co (Simplicity Esports and Gaming Co) Sloan Ratio % : -2,784.04% (As of Feb. 2023)

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What is Simplicity Esports and Gaming Co Sloan Ratio %?

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.

Simplicity Esports and Gaming Co's Sloan Ratio for the quarter that ended in Feb. 2023 was -2,784.04%.

As of Feb. 2023, Simplicity Esports and Gaming Co has a Sloan Ratio of -2,784.04%, indicating earnings are more likely to be made up of accruals.

Simplicity Esports and Gaming Co Sloan Ratio % Historical Data

The historical data trend for Simplicity Esports and Gaming Co'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.

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Simplicity Esports and Gaming Co Sloan Ratio % Chart

Simplicity Esports and Gaming Co Annual Data

Trend

May17

May18

May19

May20

May21

May22

Sloan Ratio %

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99.02

-25.45

-11.17

-42.39

-375.05

Simplicity Esports and Gaming Co Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Sloan Ratio %	Get a 7-Day Free Trial															-56.93	-376.98	-1,370.50	-2,113.00	-2,784.04

Competitive Comparison of Simplicity Esports and Gaming Co's Sloan Ratio %

For the Electronic Gaming & Multimedia subindustry, Simplicity Esports and Gaming Co'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.

Simplicity Esports and Gaming Co's Sloan Ratio % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Simplicity Esports and Gaming Co's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Simplicity Esports and Gaming Co's Sloan Ratio % falls into.

Simplicity Esports and Gaming Co 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.

Simplicity Esports and Gaming Co's Sloan Ratio for the fiscal year that ended in May. 2022 is calculated as

Sloan Ratio	=	(Net Income (A: May. 2022 )	-	Cash Flow from Operations (A: May. 2022 )
	-	Cash Flow from Investing (A: May. 2022 ))	/	Total Assets (A: May. 2022 )
	=	(-17.547	-	-2.679
	-	-0.515)	/	3.827
	=	-375.05%

Simplicity Esports and Gaming Co's Sloan Ratio for the quarter that ended in Feb. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Feb. 2023 )
	=	(-8.632	-	-0.885
	-	0.104)	/	0.282
	=	-2,784.04%

Simplicity Esports and Gaming Co's Net Income for the trailing twelve months (TTM) ended in Feb. 2023 was -9.252 (May. 2022 ) + -4.157 (Aug. 2022 ) + 5.552 (Nov. 2022 ) + -0.775 (Feb. 2023 ) = $-8.63 Mil.
Simplicity Esports and Gaming Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2023 was -0.202 (May. 2022 ) + -0.174 (Aug. 2022 ) + -0.343 (Nov. 2022 ) + -0.166 (Feb. 2023 ) = $-0.89 Mil.
Simplicity Esports and Gaming Co's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2023 was -0.162 (May. 2022 ) + 0.076 (Aug. 2022 ) + 0.155 (Nov. 2022 ) + 0.035 (Feb. 2023 ) = $0.10 Mil.

Simplicity Esports and Gaming Co (OTCPK:WINR) 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.

According to How to Beat the Market with the Sloan Ratio:

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 Feb. 2023, Simplicity Esports and Gaming Co has a Sloan Ratio of -2,784.04%, indicating earnings are more likely to be made up of accruals.

Simplicity Esports and Gaming Co Sloan Ratio % Related Terms

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Simplicity Esports and Gaming Co (Simplicity Esports and Gaming Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Simplicity Esports and Gaming Co (OTCPK:WINR) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7000 W. Palmetto Park Road, Suite 505, Boca Raton, FL, USA, 33433

Website

https://www.ggsimplicity.com

Simplicity Esports and Gaming Co is a North American esports organization managing esports teams domestically and internationally. The company through its subsidiaries owns and manages professional esports teams competing in games such as Overwatch, Apex Legends, PUBG, and more. The company owns Corporate and Franchised Gaming Centers. The company reports in Four segments namely Franchise royalties and fees, which is the key revenue generator; Company-owned stores; Esports revenue; and Franchise deposit revenue.

Executives

Beatrice Tarka	director	800 WEST EL CAMINO REAL, SUITE 275, MOUNTAIN VIEW CA 94040
Roman Nehemiah Franklin	director, officer: President	1345 AVENUE OF THE AMERICAS, 2ND FLOOR, NEW YORK NY 10105
Herrmann William H Jr	director	PO BOX 6, BRYN ATHYN PA 19009
Jed Philip Kaplan	director, officer: CEO and Interim CFO	C/O SIMPLICITY ESPORTS AND GAMING CO., 7000 W PALMETTO PARK ROAD SUITE 210, BOCA RATON FL 33433
Edward L Jaroski	director	5847 SAN FELIPE, SUITE 4100, HOUSTON TX 77057
Nancy L. Hennessey	officer: Chief Financial Officer	7000, W. PALMETTO PARK RD, SUITE 505, BOCA RATON FL 33433
Laila Cavalcanti Loss	director	7000W PALMETTO PARK RD, SUITE 505, BOCA RATON FL 33433
Lau Knicks	officer: Chief Financial Officer	1980 FESTIVAL PLAZA DR., SUITE 750, LAS VEGAS NV 89135
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
K2 Principal Fund, L.p.	10 percent owner	2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
K2 Genpar 2017 Inc.	10 percent owner	2 BLOOR STREET WEST, SUITE 801, TORONTO A6 M4W 3E2
Steven Michael Grossman	officer: President of Subsidiary	C/O SIMPLICITY ESPORTS AND GAMING CO., 7000 W PALMETTO PARK ROAD SUITE 210, BOCA RATON FL 33433
Donald R Caldwell	director	5 RADNOR CORP CENTER STE 555, RADNOR PA 19087
Max Wayne Hooper	director	1345 AVE OF THE AMERICAS 2ND FL, NEW YORK NY 10105
Frank Leavy	director	1345 AVENUE OF THE AMERICAS, 2ND FLOOR, NEW YORK NY 10105