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.
* 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 Super League Enterprise's Sloan Ratio %
For the Internet Content & Information subindustry, Super League Enterprise'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.
Super League Enterprise's Sloan Ratio % Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Super League Enterprise's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Super League Enterprise's Sloan Ratio % falls into.
Super League Enterprise 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.
Super League Enterprise's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Super League Enterprise's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was -7.236 (Mar. 2023 ) + -6.836 (Jun. 2023 ) + -2.984 (Sep. 2023 ) + -13.274 (Dec. 2023 ) = $-30.33 Mil.
Super League Enterprise's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was -2.978 (Mar. 2023 ) + -7.814 (Jun. 2023 ) + -3.298 (Sep. 2023 ) + -1.399 (Dec. 2023 ) = $-15.49 Mil.
Super League Enterprise's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -0.294 (Mar. 2023 ) + -0.358 (Jun. 2023 ) + -0.006 (Sep. 2023 ) + -0.167 (Dec. 2023 ) = $-0.83 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.
Super League Enterprise (NAS:SLE) 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. 2023, Super League Enterprise has a Sloan Ratio of -55.34%, indicating earnings are more likely to be made up of accruals.
Super League Enterprise Sloan Ratio % Related Terms
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Super League Enterprise (Super League Enterprise) Business Description
Super League Enterprise Inc, formerly Super League Gaming Inc is the rocket ship to the metaverse. It is a leader in creating innovative and immersive entertainment experiences, platform and audience monetization, and dynamic content-feeding channels across the world's top gaming platforms. Fueled by an insatiable desire to stay at the forefront of this ever-evolving meta landscape, Super League pioneers' proprietary digital solutions provide unparalleled access to the highly-coveted global gaming audience. The company also creates vibrant in-game communities through the development of innovative experiences and custom content, delivering powerful opportunities for brands and advertisers to achieve impactful insights and marketing outcomes with audiences of all ages.
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