STGYF (Stingray Group) Inventory-to-Revenue : 0.05 (As of Dec. 2024)

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What is Stingray Group Inventory-to-Revenue?

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 Average Total Inventories for the quarter that ended in Dec. 2024 was $3.4 Mil. Stingray Group's Revenue for the three months ended in Dec. 2024 was $76.0 Mil. Stingray Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.05.

Stingray Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 declined from Sep. 2024 (0.06) to Sep. 2024 (0.05)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Stingray Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.00.

Stingray Group Inventory-to-Revenue Historical Data

The historical data trend for Stingray Group's Inventory-to-Revenue 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 Inventory-to-Revenue Chart

Stingray Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory-to-Revenue

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0.01

0.02

0.01

Stingray Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory-to-Revenue	Get a 7-Day Free Trial															0.04	0.05	0.05	0.06	0.05

Competitive Comparison of Stingray Group's Inventory-to-Revenue

For the Broadcasting subindustry, Stingray Group's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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 Inventory-to-Revenue Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Stingray Group's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Stingray Group's Inventory-to-Revenue falls into.

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Stingray Group Inventory-to-Revenue Calculation

Stingray Group's Inventory-to-Revenue for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory-to-Revenue (A: Mar. 2024 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )
=	( (4.169	+	3.194)	/	2 )	/	255.192
=	3.6815					/	255.192
=	0.01

Stingray Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 is calculated as

	Inventory-to-Revenue (Q: Dec. 2024 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Revenue (Q: Dec. 2024 )
=	( (4.534	+	2.322)	/	2 )	/	75.965
=	3.428					/	75.965
=	0.05

Stingray Group (OTCPK:STGYF) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

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 Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	3.428	/	0	*	365 / 4
	=

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Stingray Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	0	/	3.428
	=	0.00

Stingray Group Inventory-to-Revenue Related Terms

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Stingray Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Stingray Group Inc (OTCPK:STGYF) » Definitions » Inventory-to-Revenue

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Traded in Other Exchanges

317V: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 provider of multi-platform music services. It broadcasts music and video content on several platforms including radio stations, premium television channels, digital TV, satellite TV, IPTV, the Internet, mobile devices, and game consoles. The company's reportable segments are; Broadcasting and commercial music, Radio, and Corporate and eliminations. The maximum revenue is generated from its Broadcasting and commercial music segment which specializes in the broadcast of music and videos on multiple platforms and digital signage experiences and generates revenues from subscriptions or contracts. Geographically, the company derives its key revenue from Canada and the rest from the United States and other countries.