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Universal Music Group NV (XAMS:UMG) Inventories, Work In Process : €0 Mil (As of Dec. 2023)


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What is Universal Music Group NV Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Universal Music Group NV's work in process for the quarter that ended in Dec. 2023 was €0 Mil.

Universal Music Group NV Inventories, Work In Process Historical Data

The historical data trend for Universal Music Group NV's Inventories, Work In Process 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 Inventories, Work In Process Chart

Universal Music Group NV Annual Data
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Universal Music Group NV Semi-Annual Data
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Universal Music Group NV Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

Universal Music Group NV (XAMS:UMG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (XAMS:UMG) » Definitions » Inventories, Work In Process
Comparable Companies
XAMS:FLE XAMS:AJAX NFLX DIS WBD LYV SIRI WMG XPAR:BOL FWONA FOXA NWSA XPAR:VIV ROKU PARA EDR XKRX:352820 TKO TSE:9602 MEGACPO
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.

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