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.
When sloan ratio (-8475)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Feb. 2024, X1 Entertainment Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
X1 Entertainment Group Sloan Ratio % Historical Data
* 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 X1 Entertainment Group's Sloan Ratio %
For the Entertainment subindustry, X1 Entertainment 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.
X1 Entertainment Group's Sloan Ratio % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, X1 Entertainment Group's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where X1 Entertainment Group's Sloan Ratio % falls into.
X1 Entertainment Group 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.
X1 Entertainment Group's Sloan Ratio for the fiscal year that ended in Aug. 2023 is calculated as
X1 Entertainment Group's Net Income for the trailing twelve months (TTM) ended in Feb. 2024 was -0.308 (May. 2023 ) + 0.131 (Aug. 2023 ) + -0.103 (Nov. 2023 ) + -0.132 (Feb. 2024 ) = $-0.41 Mil.
X1 Entertainment Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2024 was -0.109 (May. 2023 ) + -0.019 (Aug. 2023 ) + -0.134 (Nov. 2023 ) + -0.205 (Feb. 2024 ) = $-0.47 Mil.
X1 Entertainment Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2024 was 0 (May. 2023 ) + 0 (Aug. 2023 ) + 0 (Nov. 2023 ) + -0.014 (Feb. 2024 ) = $-0.01 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.
X1 Entertainment Group (OTCPK:XOEEF) 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 Feb. 2024, X1 Entertainment Group has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.
X1 Entertainment Group Sloan Ratio % Related Terms
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X1 Entertainment Group (X1 Entertainment Group) Business Description
X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.
X1 Entertainment Group (X1 Entertainment Group) Headlines
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