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Stingray Group Sloan Ratio %

: -4.13% (As of Sep. 2021)
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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Stingray Group's Sloan Ratio for the quarter that ended in Sep. 2021 was -4.13%.

As of Sep. 2021, Stingray Group has a Sloan Ratio of -4.13%, indicating the company is in the safe zone and there is no funny business with accruals.


Stingray Group Sloan Ratio % Historical Data

The historical data trend for Stingray Group's Sloan Ratio % 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
Sloan Ratio %
Premium Member Only Premium Member Only 1.90 10.05 51.14 -6.46 -7.85

Stingray Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Sloan Ratio % 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 -8.27 -8.16 -7.50 -5.08 -4.13

Competitive Comparison

For the Broadcasting subindustry, Stingray Group's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Sloan Ratio % Distribution

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

* The bar in red indicates where Stingray Group's Sloan Ratio % falls into.



Stingray Group Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

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

Sloan Ratio=(Net Income (A: Mar. 2021 )-Cash Flow from Operations (A: Mar. 2021 )
-Cash Flow from Investing (A: Mar. 2021 ))/Total Assets (A: Mar. 2021 )
=(35.885114169783-82.9389768478
-4.3201527567826)/654.65589943512
=-7.85%

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

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM})
-Cash Flow from Investing (TTM))/Total Assets (Q: Sep. 2021 )
=(33.597121586805-61.752754012433
--0.95500353130797)/658.73964170152
=-4.13%

Stingray Group's Net Income for the trailing twelve months (TTM) ended in Sep. 2021 was 11.021937700055 (Dec. 2020 ) + 9.6085607446893 (Mar. 2021 ) + 3.4369885433715 (Jun. 2021 ) + 9.5296345986899 (Sep. 2021 ) = $33.6 Mil.
Stingray Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Sep. 2021 was 12.751190569131 (Dec. 2020 ) + 19.503540456679 (Mar. 2021 ) + 13.36906710311 (Jun. 2021 ) + 16.128955883514 (Sep. 2021 ) = $61.8 Mil.
Stingray Group's Cash Flow from Investing for the trailing twelve months (TTM) ended in Sep. 2021 was 11.339683035366 (Dec. 2020 ) + -2.7766727663299 (Mar. 2021 ) + -3.620294599018 (Jun. 2021 ) + -5.8977192013259 (Sep. 2021 ) = $-1.0 Mil.

* 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) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Sep. 2021, Stingray Group has a Sloan Ratio of -4.13%, indicating the company is in the safe zone and there is no funny business with accruals.


Stingray Group Sloan Ratio % 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.

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