Universal Music Group NV (XAMS:UMG) Days Payable : 284.21 (As of Jun. 2024)

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

What is Universal Music Group NV Days Payable?

Universal Music Group NV's average Accounts Payable for the six months ended in Jun. 2024 was €4,848 Mil. Universal Music Group NV's Cost of Goods Sold for the six months ended in Jun. 2024 was €3,113 Mil. Hence, Universal Music Group NV's Days Payable for the six months ended in Jun. 2024 was 284.21.

The historical rank and industry rank for Universal Music Group NV's Days Payable or its related term are showing as below:

XAMS:UMG' s Days Payable Range Over the Past 10 Years
Min: 216.57 Med: 272.19 Max: 425.5
Current: 275.05

During the past 7 years, Universal Music Group NV's highest Days Payable was 425.50. The lowest was 216.57. And the median was 272.19.

XAMS:UMG's Days Payable is ranked better than
83.57% of 931 companies
in the Media - Diversified industry
Industry Median: 80.38 vs XAMS:UMG: 275.05

Universal Music Group NV's Days Payable increased from Jun. 2023 (281.83) to Jun. 2024 (284.21). It may suggest that Universal Music Group NV delayed paying its suppliers.

Universal Music Group NV Days Payable Historical Data

The historical data trend for Universal Music Group NV's Days Payable 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.

Universal Music Group NV Days Payable Chart

Universal Music Group NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

362.99

311.70

232.68

216.57

227.04

Universal Music Group NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial						286.38	251.84	281.83	243.99	284.21

Competitive Comparison of Universal Music Group NV's Days Payable

For the Entertainment subindustry, Universal Music Group NV's Days Payable, along with its competitors' market caps and Days Payable 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.

Universal Music Group NV's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Universal Music Group NV's Days Payable distribution charts can be found below:

* The bar in red indicates where Universal Music Group NV's Days Payable falls into.

Universal Music Group NV Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Universal Music Group NV's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3661	+	4062)	/	2 )	/	6208	*	365
=	3861.5					/	6208	*	365
=	227.04

Universal Music Group NV's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (4062	+	5634)	/	2 )	/	3113	*	365 / 2
=	4848					/	3113	*	365 / 2
=	284.21

Universal Music Group NV Days Payable Related Terms

Thank you for viewing the detailed overview of Universal Music Group NV's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Universal Music Group NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (XAMS:UMG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

UNVGY:USA UMGNF:USA UMGa:UK 0VD:Germany UMG:Austria

Address

Gravelandseweg 80, Hilversum, NH, NLD, 1217 EW

Website

https://www.universalmusic.com

Universal Music is the largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing more than a dozen record labels, including notable names like Interscope, Capital Music, Motown Records, and Def Jam. Some of the most successful current artists signed to record deals with Universal include Taylor Swift, Drake, The Weeknd, and Morgan Wallen. Most of Universal's remaining revenue comes from its publishing segment, which generates revenue for songwriters and composers, including some of Universal's recording artists as well as songwriters and composers who do not record music themselves or are attached to other labels. Universal's publishing group has nearly 4.5 million owned or administered titles in its catalog.

Universal Music Group NV Headlines

No Headlines