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Believe (XPAR:BLV) Days Payable : 295.46 (As of Jun. 2023)


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What is Believe Days Payable?

Believe's average Accounts Payable for the six months ended in Jun. 2023 was €490.1 Mil. Believe's Cost of Goods Sold for the six months ended in Jun. 2023 was €302.8 Mil. Hence, Believe's Days Payable for the six months ended in Jun. 2023 was 295.46.

The historical rank and industry rank for Believe's Days Payable or its related term are showing as below:

XPAR:BLV' s Days Payable Range Over the Past 10 Years
Min: 273.66   Med: 331.54   Max: 568.7
Current: 568.7

During the past 7 years, Believe's highest Days Payable was 568.70. The lowest was 273.66. And the median was 331.54.

XPAR:BLV's Days Payable is ranked better than
91.31% of 932 companies
in the Media - Diversified industry
Industry Median: 79.485 vs XPAR:BLV: 568.70

Believe's Days Payable increased from Jun. 2022 (283.58) to Jun. 2023 (295.46). It may suggest that Believe delayed paying its suppliers.

Believe Days Payable Historical Data

The historical data trend for Believe'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.

Believe Days Payable Chart

Believe Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial 331.54 342.69 304.64 273.66 -

Believe Semi-Annual Data
Dec18 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only 307.41 283.58 271.78 295.46 -

Competitive Comparison of Believe's Days Payable

For the Entertainment subindustry, Believe'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.

Believe's Days Payable Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Believe's Days Payable falls into.


Believe 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.

Believe's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (388.729 + 458.377) / 2 ) / 564.924*365
=423.553 / 564.924*365
=273.66

Believe's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

Days Payable (Q: Jun. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2022 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (458.377 + 521.894) / 2 ) / 302.75*365 / 2
=490.1355 / 302.75*365 / 2
=295.46

* 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.

Believe Days Payable Related Terms

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

Believe (XPAR:BLV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Believe SA (XPAR:BLV) » Definitions » Days Payable
Comparable Companies
XPAR:GAM XPAR:DEEZR XPAR:ALECP XPAR:VANTI XPAR:TCHCS XPAR:XIL NFLX DIS XAMS:UMG WBD LYV SIRI WMG XPAR:BOL FWONA FOXA NWSA XPAR:VIV ROKU PARA
Traded in Other Exchanges
8T6:Germany
Address
24 rue Toulouse Lautrec, Paris, FRA, 75017
Website
https://www.believemusic.com
Believe SA specializes in the sale and promotion of audio and video content from artists and independent labels. The Company has identified two operating segments which is Premium Solutions and Automated Solutions. Premium solutions this consists mainly of the sale, promotion and delivery of digital content provided by artists and labels for which the Group is responsible for developing their catalog on digital platforms and social media, as appropriate, using a split revenue model. Automated Solutions whereby the Group enablesartists, via its TuneCore digital platform, to distribute their audio content in an automated manner to streaming and social media platforms in return for a subscription fee or margin. The company generated majority of its revenue from Premium Solutions.

Believe (XPAR:BLV) Headlines

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