Simplicity Esports and Gaming Co (Simplicity Esports and Gaming Co) Accounts Receivable : $0.03 Mil (As of Feb. 2023)

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What is Simplicity Esports and Gaming Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Simplicity Esports and Gaming Co's accounts receivables for the quarter that ended in Feb. 2023 was $0.03 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Simplicity Esports and Gaming Co's Days Sales Outstanding for the quarter that ended in Feb. 2023 was 18.25.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Simplicity Esports and Gaming Co's Net-Net Working Capital per share for the quarter that ended in Feb. 2023 was $-0.45.

Simplicity Esports and Gaming Co Accounts Receivable Historical Data

The historical data trend for Simplicity Esports and Gaming Co's Accounts Receivable 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 Accounts Receivable Chart

Simplicity Esports and Gaming Co Annual Data

Trend

May17

May18

May19

May20

May21

May22

Accounts Receivable

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0.13

0.16

0.06

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
Accounts Receivable	Get a 7-Day Free Trial															0.06	0.06	0.01	0.02	0.03

Simplicity Esports and Gaming Co Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Simplicity Esports and Gaming Co Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Simplicity Esports and Gaming Co's Days Sales Outstanding for the quarter that ended in Feb. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.029	/	0.145	*	91
=	18.25

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Simplicity Esports and Gaming Co's accounts receivable are only considered to be worth 75% of book value:

Simplicity Esports and Gaming Co's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.029	+	0.75 * 0.029	+	0.5 * 0	-	9.569
-	0	-	0.151)	/	21.6864
=	-0.45

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Simplicity Esports and Gaming Co Accounts Receivable 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 » Accounts Receivable

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