Allied Gaming & Entertainment (Allied Gaming & Entertainment) Sloan Ratio % : -1.42% (As of Dec. 2023)

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What is Allied Gaming & Entertainment Sloan Ratio %?

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.

Allied Gaming & Entertainment's Sloan Ratio for the quarter that ended in Dec. 2023 was -1.42%.

As of Dec. 2023, Allied Gaming & Entertainment has a Sloan Ratio of -1.42%, indicating the company is in the safe zone and there is no funny business with accruals.

Allied Gaming & Entertainment Sloan Ratio % Historical Data

The historical data trend for Allied Gaming & Entertainment'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.

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Allied Gaming & Entertainment Sloan Ratio % Chart

Allied Gaming & Entertainment Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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-24.32

-55.54

-31.11

71.88

-1.41

Allied Gaming & Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Sloan Ratio %	Get a 7-Day Free Trial															71.88	79.55	61.00	72.91	-1.42

Competitive Comparison of Allied Gaming & Entertainment's Sloan Ratio %

For the Entertainment subindustry, Allied Gaming & Entertainment'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.

Allied Gaming & Entertainment's Sloan Ratio % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Allied Gaming & Entertainment's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Allied Gaming & Entertainment's Sloan Ratio % falls into.

Allied Gaming & Entertainment 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.

Allied Gaming & Entertainment's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(-3.595	-	-8.139
	-	6.128)	/	112.017
	=	-1.41%

Allied Gaming & Entertainment's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Dec. 2023 )
	=	(-3.596	-	-8.138
	-	6.129)	/	112.017
	=	-1.42%

Allied Gaming & Entertainment's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -1.894 (Mar. 2023 ) + -0.691 (Jun. 2023 ) + 0.075 (Sep. 2023 ) + -1.086 (Dec. 2023 ) = $-3.60 Mil.
Allied Gaming & Entertainment's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -1.033 (Mar. 2023 ) + -1.977 (Jun. 2023 ) + -1.588 (Sep. 2023 ) + -3.54 (Dec. 2023 ) = $-8.14 Mil.
Allied Gaming & Entertainment's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -5.095 (Mar. 2023 ) + 20.006 (Jun. 2023 ) + -8.992 (Sep. 2023 ) + 0.21 (Dec. 2023 ) = $6.13 Mil.

Allied Gaming & Entertainment (NAS:AGAE) 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.

According to How to Beat the Market with the Sloan Ratio:

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. 2023, Allied Gaming & Entertainment has a Sloan Ratio of -1.42%, indicating the company is in the safe zone and there is no funny business with accruals.

Allied Gaming & Entertainment Sloan Ratio % Related Terms

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Allied Gaming & Entertainment (Allied Gaming & Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Allied Gaming & Entertainment Inc (NAS:AGAE) » Definitions » Sloan Ratio %

Comparable Companies

Traded in Other Exchanges

2AA:Germany 2AA:Germany

Address

745 Fifth Avenue, Suite 500, New York, NY, USA, 10151

Website

https://www.alliedgaming.gg

Allied Gaming & Entertainment Inc is an experiential entertainment company focused on providing a growing world of gamers with various experiences through renowned assets, products, and services.

Executives

Knighted Pastures Llc	10 percent owner	1933 S. BROADWAY, SUITE 746, LOS ANGELES CA 90007
Roy Choi	other: Managing Member of 10% holder	1933 S. BROADWAY, SUITE 746, LOS ANGELES CA 90007
Yuanfei Qu	director	745 FIFTH AVE, SUITE 500, NEW YORK NY 10151
Yushi Guo	director	745 FIFTH AVE, SUITE 500, NEW YORK NY 10151
Guanzhou Qin	director	17877 VON KARMAN AVENUE, SUITE 300, IRVING CA 92614
Adam J Pliska	director, officer: President	5700 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90036
Roy Lawrence Anderson	officer: Chief Financial Officer	17877 VON KARMAN AVENUE, SUITE 300, IRVING CA 92614
Alexander Misch	director	17872 GILLETTE AVENUE, BUILDING C, 2ND FLOOR, IRVINE CA 92614
Jerry Lewin	director	JINHUA INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016
Libing Wu	director	350 LIGHTING WAY, SECAUCUS NJ 07094
Jingsheng Lu	director, 10 percent owner	FLOOR 3, BUILDING NO. 20, XINYUANLI WEST, CHAOYANG DISTRICT, BEIJING F4 #000
Yangyang Li	director, 10 percent owner	10/F TOWER B FAIRMONT NO. 1 BUILDING, 33# COMMUNITY, GUANGSHUN NORTH ST, CHAOYANG DISTRICT, BEIJING F4 100102
Anthony A Hung	officer: Chief Financial Officer	17877 VON KARMAN AVENUE, SUITE 300, IRVINE CA 92614
Element Partners, Llc	10 percent owner	950 TOWER LANE,, SUITE 1125, FOSTER CITY CA 94404
Lyle Berman	director	10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305