Stingray Group (TSX:RAY.A) Receivables Turnover : 1.23 (As of Dec. 2024)

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What is Stingray Group Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Stingray Group's Revenue for the three months ended in Dec. 2024 was C$108.2 Mil. Stingray Group's average Accounts Receivable for the three months ended in Dec. 2024 was C$88.3 Mil. Hence, Stingray Group's Receivables Turnover for the three months ended in Dec. 2024 was 1.23.

Stingray Group Receivables Turnover Historical Data

The historical data trend for Stingray Group's Receivables Turnover 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 Receivables Turnover Chart

Stingray Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.80

4.49

5.88

5.79

5.54

Stingray Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.24	1.08	1.30	1.19	1.23

Competitive Comparison of Stingray Group's Receivables Turnover

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

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

* The bar in red indicates where Stingray Group's Receivables Turnover falls into.

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Stingray Group Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Stingray Group's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	345.428	/ (	(61.133	+	63.676)	/	2 )
=	345.428	/	62.4045
=	5.54

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

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	108.228	/ (	(84.34	+	92.301)	/	2 )
=	108.228	/	88.3205
=	1.23

Stingray Group (TSX:RAY.A) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Stingray Group Receivables Turnover Related Terms

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Stingray Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Stingray Group Inc (TSX:RAY.A) » Definitions » Receivables Turnover

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STGYF:USA 317V:Germany RAY.B: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.

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