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Stingray Group Inventory Turnover

: 0.00 (As of Sep. 2021)
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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Stingray Group's Cost of Goods Sold for the three months ended in Sep. 2021 was $0.0 Mil. Stingray Group's Total Inventories for the quarter that ended in Sep. 2021 was $3.4 Mil. Stingray Group's Inventory Turnover for the quarter that ended in Sep. 2021 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Total Inventories can be measured by Days Sales of Inventory (DSI). Stingray Group's days sales of inventory (DSI) for the three months ended in Sep. 2021 was 5.51.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Stingray Group's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.06.


Stingray Group Inventory Turnover Historical Data

The historical data trend for Stingray Group's Inventory Turnover 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.

* Premium members only.

Stingray Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Inventory Turnover
Premium Member Only Premium Member Only 32.75 29.73 - - -

Stingray Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Inventory Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.51 - - - -

Stingray Group Inventory Turnover Calculation

Stingray Group's Inventory Turnover for the fiscal year that ended in Mar. 2021 is calculated as

Inventory Turnover (A: Mar. 2021 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (A: Mar. 2021 ) / ((Total Inventories (A: Mar. 2020 ) + Total Inventories (A: Mar. 2021 )) / count )
=0 / ((2.3896848137536 + 2.557880499642) / 2 )
=0 / 2.4737826566978
=0.00

Stingray Group's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

Inventory Turnover (Q: Sep. 2021 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (Q: Sep. 2021 ) / ((Total Inventories (Q: Jun. 2021 ) + Total Inventories (Q: Sep. 2021 )) / count )
=0 / ((2.5924713584288 + 4.2206613526951) / 2 )
=0 / 3.406566355562
=0.00

* 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.


Stingray Group  (OTCPK:STGYF) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Stingray Group's Days Inventory for the three months ended in Sep. 2021 is calculated as:

Days Inventory =Total Inventories (Q: Sep. 2021 )/Cost of Goods Sold (Q: Sep. 2021 )*Days in Period
=3.406566355562/0*365 / 4
=

2. Total Inventories can be measured by Days Sales of Inventory (DSI).

Stingray Group's Days Sales of Inventory for the three months ended in Sep. 2021 is calculated as:

Days Sales of Inventory (DSI)=Total Inventories (Q: Sep. 2021 )/Revenue (Q: Sep. 2021 )*Days in Period
=3.406566355562/56.372030621103*365 / 4
=5.51

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Stingray Group's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue=Total Inventories (Q: Sep. 2021 ) / Revenue (Q: Sep. 2021 )
=3.406566355562 / 56.372030621103
=0.06

* 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.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Stingray Group Inventory Turnover Related Terms

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Stingray Group Business Description

Stingray Group logo
Industry
Comparable Companies
Traded in Other Exchanges
Address
730 Wellington Street, Montreal, QC, CAN, H3C 1T4
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 Broadcasting and commercial music segment; Radio segment and Corporate and eliminations. The company generates maximum revenue from Broadcasting and commercial music segment.

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