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Stingray Group Return-on-Tangible-Asset

: 27.94% (As of Sep. 2021)
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Stingray Group's annualized Net Income for the quarter that ended in Sep. 2021 was $38.1 Mil. Stingray Group's average total tangible assets for the quarter that ended in Sep. 2021 was $136.4 Mil. Therefore, Stingray Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 was 27.94%.

The historical rank and industry rank for Stingray Group's Return-on-Tangible-Asset or its related term are showing as below:

OTCPK:STGYF' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -9.29   Med: 14.82   Max: 25.71
Current: 24.17

-9.29
25.71

During the past 7 years, Stingray Group's highest Return-on-Tangible-Asset was 25.71%. The lowest was -9.29%. And the median was 14.82%.

OTCPK:STGYF's Return-on-Tangible-Asset is ranked higher than
94% of the 980 Companies
in the Media - Diversified industry.

( Industry Median: 1.74 vs. OTCPK:STGYF: 24.17 )

Stingray Group Return-on-Tangible-Asset Historical Data

The historical data trend for Stingray Group's Return-on-Tangible-Asset 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
Return-on-Tangible-Asset
Premium Member Only Premium Member Only 14.74 2.77 -9.18 7.35 25.39

Stingray Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Return-on-Tangible-Asset 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 25.13 31.12 28.14 10.15 27.94

Competitive Comparison

For the Broadcasting subindustry, Stingray Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Distribution

For the Media - Diversified industry and Communication Services sector, Stingray Group's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Stingray Group's Return-on-Tangible-Asset falls into.



Stingray Group Return-on-Tangible-Asset Calculation

Stingray Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2021 )  (A: Mar. 2020 )(A: Mar. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2021 )  (A: Mar. 2020 )(A: Mar. 2021 )
=35.885114169783/( (147.36747851003+135.30750258573)/ 2 )
=35.885114169783/141.33749054788
=25.39 %

Stingray Group's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2021 )  (Q: Jun. 2021 )(Q: Sep. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2021 )  (Q: Jun. 2021 )(Q: Sep. 2021 )
=38.11853839476/( (135.53436988543+137.27724725752)/ 2 )
=38.11853839476/136.40580857148
=27.94 %

* 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.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Sep. 2021) net income data.


Stingray Group  (OTCPK:STGYF) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Stingray Group Return-on-Tangible-Asset Related Terms

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


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.

Stingray Group Headlines

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