>
Switch to:

Stingray Group Operating Income

: $47.1 Mil (TTM As of Sep. 2021)
View and export this data going back to 2021. Start your Free Trial

Stingray Group's Operating Income for the three months ended in Sep. 2021 was $12.1 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2021 was $47.1 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Stingray Group's Operating Income for the three months ended in Sep. 2021 was $12.1 Mil. Stingray Group's Revenue for the three months ended in Sep. 2021 was $56.4 Mil. Therefore, Stingray Group's Operating Margin % for the quarter that ended in Sep. 2021 was 21.47%.

Good Sign:

Stingray Group Inc operating margin is expanding. Margin expansion is usually a good sign.

Stingray Group's 5-Year average Growth Rate for Operating Margin % was 21.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Stingray Group's annualized ROC % for the quarter that ended in Sep. 2021 was 6.27%. Stingray Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was 108.85%.

Stingray Group Operating Income Historical Data

The historical data trend for Stingray Group's Operating Income 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
Operating Income
Premium Member Only Premium Member Only 6.54 6.43 27.33 40.47 53.84

Stingray Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Operating Income 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 14.97 16.77 8.86 9.38 12.10

Stingray Group Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $47.1 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.

Stingray Group  (OTCPK:STGYF) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Stingray Group's annualized ROC % for the quarter that ended in Sep. 2021 is calculated as:

ROC % (Q: Sep. 2021 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2021 ) + Invested Capital (Q: Sep. 2021 ))/ count )
=48.409754557651 * ( 1 - 19.23% )/( (638.03191489362 + 610.18625207166)/ 2 )
=39.100558756215/624.10908348264
=6.27 %

where

Invested Capital(Q: Jun. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=677.3977086743 - 51.498363338789 - ( 5.2504091653028 - max(0, 85.549918166939 - 73.417348608838+5.2504091653028))
=638.03191489362

Invested Capital(Q: Sep. 2021 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=658.73964170152 - 53.58771999053 - ( 6.6885013021861 - max(0, 81.051219319706 - 76.01688895904+6.6885013021861))
=610.18625207166

Note: The Operating Income data used here is four times the quarterly (Sep. 2021) data.

2. Joel Greenblatt's definition of Return on Capital:

Stingray Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2021 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2021  Q: Sep. 2021
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=58.707284350091/( ( (55.489361702128 + max(-9.7618657937807, 0)) + (52.379449135822 + max(-5.7651329808224, 0)) )/ 2 )
=58.707284350091/( ( 55.489361702128 + 52.379449135822 )/ 2 )
=58.707284350091/53.934405418975
=108.85 %

where Working Capital is:

Working Capital(Q: Jun. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(50.599018003273 + 2.5924713584288 + 13.07201309329) - (51.498363338789 + 4.9639934533552 + 19.563011456628)
=-9.7618657937807

Working Capital(Q: Sep. 2021 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(50.969142135585 + 4.2206613526951 + 11.170389077421) - (53.58771999053 + 4.7691579196591 + 13.768447636335)
=-5.7651329808224

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2021) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Stingray Group's Operating Margin % for the quarter that ended in Sep. 2021 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2021 )/Revenue (Q: Sep. 2021 )
=12.102438639413/56.372030621103
=21.47 %

* 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.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Stingray Group Operating Income Related Terms

Thank you for viewing the detailed overview of Stingray Group's Operating Income provided by GuruFocus.com. Please click on the following links to see related term pages.

Stingray Group Business Description

Stingray Group logo
Industry
Communication Services » Media - Diversified NAICS : 515120 SIC : 4812
Comparable Companies
Traded in Other Exchanges
317A:Germany RAY.B:Canada RAY.A:Canada
Address
730 Wellington Street, Montreal, QC, CAN, H3C 1T4
Website
http://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 Broadcasting and commercial music segment; Radio segment and Corporate and eliminations. The company generates maximum revenue from Broadcasting and commercial music segment.

Stingray Group Headlines

No Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)