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Simplicity Esports and Gaming Co (Simplicity Esports and Gaming Co) Cash Conversion Cycle : -2,012.75 (As of Feb. 2023)


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What is Simplicity Esports and Gaming Co Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Simplicity Esports and Gaming Co's Days Sales Outstanding for the three months ended in Feb. 2023 was 14.16.
Simplicity Esports and Gaming Co's Days Inventory for the three months ended in Feb. 2023 was 0.
Simplicity Esports and Gaming Co's Days Payable for the three months ended in Feb. 2023 was 2026.91.
Therefore, Simplicity Esports and Gaming Co's Cash Conversion Cycle (CCC) for the three months ended in Feb. 2023 was -2,012.75.


Simplicity Esports and Gaming Co Cash Conversion Cycle Historical Data

The historical data trend for Simplicity Esports and Gaming Co's Cash Conversion Cycle 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.

* Premium members only.

Simplicity Esports and Gaming Co Cash Conversion Cycle Chart

Simplicity Esports and Gaming Co Annual Data
Trend May17 May18 May19 May20 May21 May22
Cash Conversion Cycle
Get a 7-Day Free Trial - - -14.29 -27.68 -54.17

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
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.01 -31.73 -697.46 -1,079.52 -2,012.75

Competitive Comparison of Simplicity Esports and Gaming Co's Cash Conversion Cycle

For the Electronic Gaming & Multimedia subindustry, Simplicity Esports and Gaming Co's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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 Cash Conversion Cycle Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Simplicity Esports and Gaming Co's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Simplicity Esports and Gaming Co's Cash Conversion Cycle falls into.



Simplicity Esports and Gaming Co Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

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

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=11.35+23.57-89.09
=-54.17

Simplicity Esports and Gaming Co's Cash Conversion Cycle for the quarter that ended in Feb. 2023 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=14.16+0-2026.91
=-2,012.75

* 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.


Simplicity Esports and Gaming Co  (OTCPK:WINR) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.


Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.


Simplicity Esports and Gaming Co Cash Conversion Cycle Related Terms

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

Traded in Other Exchanges
N/A
Address
7000 W. Palmetto Park Road, Suite 505, Boca Raton, FL, USA, 33433
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

Simplicity Esports and Gaming Co (Simplicity Esports and Gaming Co) Headlines