Simplicity Esports and Gaming Co (Simplicity Esports and Gaming Co) Total Assets : $0.28 Mil (As of Feb. 2023)

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What is Simplicity Esports and Gaming Co Total Assets?

Simplicity Esports and Gaming Co's Total Assets for the quarter that ended in Feb. 2023 was $0.28 Mil.

Total Assets is connected with ROA %. Simplicity Esports and Gaming Co's annualized ROA % for the quarter that ended in Feb. 2023 was -909.09%. Total Assets is also linked to Revenue through Asset Turnover. Simplicity Esports and Gaming Co's Asset Turnover for the quarter that ended in Feb. 2023 was 0.43.

Simplicity Esports and Gaming Co Total Assets Historical Data

The historical data trend for Simplicity Esports and Gaming Co's Total Assets 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 Total Assets Chart

Simplicity Esports and Gaming Co Annual Data

Trend

May17

May18

May19

May20

May21

May22

Total Assets

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53.36

7.76

8.59

10.21

3.83

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
Total Assets	Get a 7-Day Free Trial															10.72	3.83	1.11	0.40	0.28

Simplicity Esports and Gaming Co Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets	=	Total Equity (A: May. 2022 )	+	Total Liabilities (A: May. 2022 )
	=	-3.846	+	7.673
	=	3.83

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

Total Assets	=	Total Equity (Q: Feb. 2023 )	+	Total Liabilities (Q: Feb. 2023 )
	=	-9.287	+	9.569
	=	0.28

Simplicity Esports and Gaming Co (OTCPK:WINR) Total Assets Explanation

Total Assets is connected with ROA %.

Simplicity Esports and Gaming Co's annualized ROA % for the quarter that ended in Feb. 2023 is

ROA %	=	Net Income (Q: Feb. 2023 )	/	( (Total Assets (Q: Nov. 2022 )	+	Total Assets (Q: Feb. 2023 ))	/ count )
	=	-3.1	/	( (0.4	+	0.282)	/ 2 )
	=	-3.1	/	0.341
	=	-909.09 %

Note: The Net Income data used here is four times the quarterly (Feb. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Simplicity Esports and Gaming Co's Asset Turnover for the quarter that ended in Feb. 2023 is

	Asset Turnover
=	Revenue (Q: Feb. 2023 )	/	( (Total Assets (Q: Nov. 2022 )	+	Total Assets (Q: Feb. 2023 ))	/ count )
=	0.145	/	( (0.4	+	0.282)	/ 2 )
=	0.145	/	0.341
=	0.43

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Simplicity Esports and Gaming Co Total Assets 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 » Total Assets

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