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Stingray Group Total Assets

: $658.7 Mil (As of Sep. 2021)
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Stingray Group's Total Assets for the quarter that ended in Sep. 2021 was $658.7 Mil.

Warning Sign:

If a company builds asset at 47.2% a year, faster than its revenue growth rate of 16.9% over the past 5 years, it means that the company may be getting less efficent.

During the past 12 months, Stingray Group's average Total Assets Growth Rate was -2.40% per year. During the past 3 years, the average Total Assets Growth Rate was 50.20% per year. During the past 5 years, the average Total Assets Growth Rate was 47.20% per year.

During the past 7 years, Stingray Group's highest 3-Year average Total Assets Growth Rate was 68.40%. The lowest was 24.70%. And the median was 58.15%.

Total Assets is connected with ROA %. Stingray Group's annualized ROA % for the quarter that ended in Sep. 2021 was 5.71%. Total Assets is also linked to Revenue through Asset Turnover. Stingray Group's Asset Turnover for the quarter that ended in Sep. 2021 was 0.08.


Stingray Group Total Assets Historical Data

The historical data trend for Stingray Group's Total Assets 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
Total Assets
Premium Member Only Premium Member Only 146.03 188.44 624.25 623.89 654.66

Stingray Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Total Assets 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 648.05 654.55 654.66 677.40 658.74

Stingray Group Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets=Total Equity (A: Mar. 2021 )+Total Liabilities (A: Mar. 2021 )
=218.54721934919+436.10868008593
=654.7

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

Total Assets=Total Equity (Q: Sep. 2021 )+Total Liabilities (Q: Sep. 2021 )
=220.46878699392+438.2708547076
=658.7

* 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) Total Assets Explanation

Total Assets is connected with ROA %.

Stingray Group's annualized ROA % for the quarter that ended in Sep. 2021 is

ROA %=Net Income (Q: Sep. 2021 )/( (Total Assets (Q: Jun. 2021 )+Total Assets (Q: Sep. 2021 ))/ count )
=38.11853839476/( (677.3977086743+658.73964170152)/ 2 )
=38.11853839476/668.06867518791
=5.71 %

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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Stingray Group's Asset Turnover for the quarter that ended in Sep. 2021 is

Asset Turnover
=Revenue (Q: Sep. 2021 )/( (Total Assets (Q: Jun. 2021 )+Total Assets (Q: Sep. 2021 ))/ count )
=56.372030621103/( (677.3977086743+658.73964170152)/ 2 )
=56.372030621103/668.06867518791
=0.08

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Stingray Group Total Assets 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.

Stingray Group Headlines

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