Universal Music Group NV (XAMS:UMG) Change In Receivables : €0 Mil (TTM As of Dec. 2023)

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What is Universal Music Group NV Change In Receivables?

Universal Music Group NV's change in receivables for the quarter that ended in Dec. 2023 was €0 Mil. It means Universal Music Group NV's Accounts Receivable stayed the same from Jun. 2023 to Dec. 2023 .

Universal Music Group NV's change in receivables for the fiscal year that ended in Dec. 2023 was €-309 Mil. It means Universal Music Group NV's Accounts Receivable increased by €309 Mil from Dec. 2022 to Dec. 2023 .

Universal Music Group NV's Accounts Receivable for the quarter that ended in Dec. 2023 was €1,986 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Universal Music Group NV's Days Sales Outstanding for the six months ended in Dec. 2023 was 60.81.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Universal Music Group NV's liquidation value for the six months ended in Dec. 2023 was €-8,404 Mil.

Universal Music Group NV Change In Receivables Historical Data

The historical data trend for Universal Music Group NV's Change In Receivables 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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Universal Music Group NV Change In Receivables Chart

Universal Music Group NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-31.00

-133.00

-126.00

-203.00

-309.00

Universal Music Group NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	Get a 7-Day Free Trial					-	-	-	-	-

Universal Music Group NV Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0 Mil.

Universal Music Group NV (XAMS:UMG) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Universal Music Group NV's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1986	/	5960	*	91
=	60.81

2. In Ben Graham's calculation of liquidation value, Universal Music Group NV's accounts receivable are only considered to be worth 75% of book value:

Universal Music Group NV's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	110	-	10108	+	0.75 * 1986	+	0.5 * 210
=	-8,404

Universal Music Group NV Change In Receivables Related Terms

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Universal Music Group NV (XAMS:UMG) Business Description

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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 Group is the largest of the three major global record labels with Sony Music in second and Warner Music in third. Universal's larger segment, recorded music, consists of iconic labels like Interscope, Capitol Music, Decca, EMI, and Motown and popular artists such as Drake, Taylor Swift, J Balvin, and Luke Bryan. Universal Music Publishing Group owns and administers almost 4 million compositions and is the second-largest music publisher behind Sony. Universal Music was spun out of Vivendi in September 2021, with 60% distributed to Vivendi shareholders, 20% to Tencent, 10% to Pershing Square Capital, and 10% remaining at Vivendi.

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