Universal Music Group NV (XAMS:UMG) Days Payable

: 281.83 (As of Jun. 2023)

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Universal Music Group NV's average Accounts Payable for the six months ended in Jun. 2023 was €4,341 Mil. Universal Music Group NV's Cost of Goods Sold for the six months ended in Jun. 2023 was €2,811 Mil. Hence, Universal Music Group NV's Days Payable for the six months ended in Jun. 2023 was 281.83.

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: 311.7 Max: 425.5
Current: 279.88

During the past 6 years, Universal Music Group NV's highest Days Payable was 425.50. The lowest was 216.57. And the median was 311.70.

XAMS:UMG's Days Payable is ranked better than
83.14% of 925 companies
in the Media - Diversified industry
Industry Median: 82.44 vs XAMS:UMG: 279.88

Universal Music Group NV's Days Payable declined from Jun. 2022 (286.38) to Jun. 2023 (281.83). It may suggest that Universal Music Group NV accelerated 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 Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

425.50

362.99

311.70

232.68

216.57

Universal Music Group NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable					287.52	246.10	286.38	251.84	281.83

Competitive Comparison

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 Days Payable Distribution

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. 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
=	( (3166	+	3661)	/	2 )	/	5753	*	365
=	3413.5					/	5753	*	365
=	216.57

Universal Music Group NV'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
=	( (3661	+	5021)	/	2 )	/	2811	*	365 / 2
=	4341					/	2811	*	365 / 2
=	281.83

Universal Music Group NV Days Payable Related Terms

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Universal Music Group NV (XAMS:UMG) 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 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.

Universal Music Group NV (XAMS:UMG) Headlines

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