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Stingray Group Inventory-to-Revenue

: 0.06 (As of Sep. 2021)
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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 Total Inventories for the quarter that ended in Sep. 2021 was $3.4 Mil. Stingray Group's Revenue for the three months ended in Sep. 2021 was $56.4 Mil. Stingray Group's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.06.

Stingray Group's Inventory-to-Revenue for the quarter that ended in Sep. 2021 increased from Jun. 2021 (0.05) to Jun. 2021 (0.06)

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.

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 Turnover measures how fast the company turns over its inventory within a year. Stingray Group's Inventory Turnover for the quarter that ended in Sep. 2021 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.

* Premium members only.

Stingray Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Inventory-to-Revenue
Premium Member Only Premium Member Only 0.01 0.01 0.01 0.01 0.01

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-to-Revenue 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 0.06 0.05 0.06 0.05 0.06

Competitive Comparison

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 Inventory-to-Revenue Distribution

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.



Stingray Group Inventory-to-Revenue Calculation

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 fiscal year that ended in Mar. 2021 is calculated as

Inventory-to-Revenue (A: Mar. 2021 )
=Total Inventories / Revenue
=( (Total Inventories (A: Mar. 2020 ) + Total Inventories (A: Mar. 2021 )) / count ) / Revenue (A: Mar. 2021 )
=( (2.3896848137536 + 2.557880499642) / 2 ) / 198.47879704034
=2.4737826566978 / 198.47879704034
=0.01

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

Inventory-to-Revenue (Q: Sep. 2021 )
=Total Inventories / Revenue
=( (Total Inventories (Q: Jun. 2021 ) + Total Inventories (Q: Sep. 2021 )) / count ) / Revenue (Q: Sep. 2021 )
=( (2.5924713584288 + 4.2206613526951) / 2 ) / 56.372030621103
=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.


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:

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.

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 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

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

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

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2021 ) / Total Inventories (Q: Sep. 2021 )
=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 Inventory-to-Revenue 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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