Stingray Group (Stingray Group) Total Assets : $656.2 Mil (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Stingray Group Total Assets?

Stingray Group's Total Assets for the quarter that ended in Dec. 2023 was $656.2 Mil.

Warning Sign:

If a company builds assets at 20.6% a year, faster than its revenue growth rate of 11% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Stingray Group's average Total Assets Growth Rate was -1.40% per year. During the past 3 years, the average Total Assets Growth Rate was 0.40% per year. During the past 5 years, the average Total Assets Growth Rate was 20.60% per year.

During the past 9 years, Stingray Group's highest 3-Year average Total Assets Growth Rate was 68.40%. The lowest was 0.40%. And the median was 37.45%.

Total Assets is connected with ROA %. Stingray Group's annualized ROA % for the quarter that ended in Dec. 2023 was 4.15%. Total Assets is also linked to Revenue through Asset Turnover. Stingray Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.11.

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 Total Assets Chart

Stingray Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

Get a 7-Day Free Trial

624.25

623.89

654.66

698.32

654.24

Stingray Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															660.93	654.24	664.92	647.69	656.20

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. 2023 is calculated as

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	209.215	+	445.029
	=	654.2

Stingray Group's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	227.438	+	428.766
	=	656.2

Stingray Group (OTCPK:STGYF) Total Assets Explanation

Total Assets is connected with ROA %.

Stingray Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	27.044	/	( (647.69	+	656.204)	/ 2 )
	=	27.044	/	651.947
	=	4.15 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) 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 Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	74.745	/	( (647.69	+	656.204)	/ 2 )
=	74.745	/	651.947
=	0.11

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

Thank you for viewing the detailed overview of Stingray Group's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Stingray Group (Stingray Group) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

317A: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 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 the Broadcasting and commercial music segment and Radio segment. The company generates maximum revenue from the Broadcasting and commercial music segment.

Stingray Group (Stingray Group) Headlines

From GuruFocus

Q1 2024 Stingray Group Inc Earnings Call Transcript

By GuruFocus Research • 02-15-2024

Stingray Group Inc Annual Shareholders Meeting Transcript

By GuruFocus Research • 02-15-2024

Q2 2024 Stingray Group Inc Earnings Call Transcript

By GuruFocus Research • 02-15-2024

Q4 2023 Stingray Group Inc Earnings Call Transcript

By GuruFocus Research • 02-15-2024