Stingray Group (Stingray Group) Days Sales Outstanding : 73.29 (As of Dec. 2023)

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What is Stingray Group Days Sales Outstanding?

Stingray Group's average Accounts Receivable for the three months ended in Dec. 2023 was $60.0 Mil. Stingray Group's Revenue for the three months ended in Dec. 2023 was $74.7 Mil. Hence, Stingray Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 73.29.

The historical rank and industry rank for Stingray Group's Days Sales Outstanding or its related term are showing as below:

STGYF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 62.1 Med: 80.8 Max: 89.64
Current: 79.32

During the past 9 years, Stingray Group's highest Days Sales Outstanding was 89.64. The lowest was 62.10. And the median was 80.80.

STGYF's Days Sales Outstanding is ranked worse than
59.04% of 1023 companies
in the Media - Diversified industry
Industry Median: 69.42 vs STGYF: 79.32

Stingray Group's Days Sales Outstanding declined from Dec. 2022 (74.15) to Dec. 2023 (73.29).

Stingray Group Days Sales Outstanding Historical Data

The historical data trend for Stingray Group's Days Sales Outstanding 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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Stingray Group Days Sales Outstanding Chart

Stingray Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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81.71

77.66

76.47

62.31

65.37

Stingray Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															74.15	79.81	75.29	78.96	73.29

Competitive Comparison of Stingray Group's Days Sales Outstanding

For the Broadcasting subindustry, Stingray Group's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Stingray Group's Days Sales Outstanding Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Stingray Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Stingray Group's Days Sales Outstanding falls into.

Stingray Group Days Sales Outstanding Calculation

Days Sales Outstanding measures 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 Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Stingray Group's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (40.119	+	44.678)	/	2 )	/	236.749	*	365
=	42.3985					/	236.749	*	365
=	65.37

Stingray Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (52.073	+	68.001)	/	2 )	/	74.745	*	365 / 4
=	60.037					/	74.745	*	365 / 4
=	73.29

Stingray Group (OTCPK:STGYF) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Stingray Group Days Sales Outstanding Related Terms

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Stingray Group (Stingray Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Stingray Group Inc (OTCPK:STGYF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

317A:Germany RAY.B:Canada RAY.A:Canada

Address

730 Wellington Street, Montreal, QC, CAN, H3C 1T4

Website

https://www.stingray.com

Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely the Broadcasting and commercial music segment and Radio segment. The company generates maximum revenue from the Broadcasting and commercial music segment.

Stingray Group (Stingray Group) Headlines

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