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.
Bragg Gaming Group's Sloan Ratio for the quarter that ended in Dec. 2024 was -3.18%.
As of Dec. 2024, Bragg Gaming Group has a Sloan Ratio of -3.18%, indicating the company is in the safe zone and there is no funny business with accruals.
Bragg Gaming Group Sloan Ratio % Historical Data
The historical data trend for Bragg Gaming Group'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.
Competitive Comparison of Bragg Gaming Group's Sloan Ratio %
For the Gambling subindustry, Bragg Gaming Group'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.
Bragg Gaming Group's Sloan Ratio % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Bragg Gaming Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Bragg Gaming Group'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.
Bragg Gaming Group's Sloan Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Bragg Gaming Group's Net Income for the trailing twelve months (TTM) ended in Dec. 2024 was -2.07 (Mar. 2024 ) + -2.583 (Jun. 2024 ) + -0.183 (Sep. 2024 ) + -0.71 (Dec. 2024 ) = $-5.5 Mil.
Bragg Gaming Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2024 was 2.988 (Mar. 2024 ) + -0.702 (Jun. 2024 ) + 7.019 (Sep. 2024 ) + 2.869 (Dec. 2024 ) = $12.2 Mil.
Bragg Gaming Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2024 was -2.992 (Mar. 2024 ) + -3.355 (Jun. 2024 ) + -3.319 (Sep. 2024 ) + -4.509 (Dec. 2024 ) = $-14.2 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.
Bragg Gaming Group (NAS:BRAG) 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 Dec. 2024, Bragg Gaming Group has a Sloan Ratio of -3.18%, indicating the company is in the safe zone and there is no funny business with accruals.
Bragg Gaming Group Sloan Ratio % Related Terms
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Bragg Gaming Group Inc is predominantly a B2B online gaming technology platform and casino content aggregator. The Company's proprietary studios offer high-performing, data-driven casino gaming titles from in-house brands Wild Streak, Spin, Atomic Slot Lab, Indigo Magic and Oryx Gaming. It offers a full range of games including slot games, table games, card games, video bingo, scratch card games, virtual sports, and live dealer games which are featured on the company's PAM platform and also available for use on other gaming platforms offered by third parties. Geographically, the company generates a majority of its revenue from the Netherlands and the rest from Curacao, Malta, United States, Croatia, and other regions.
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