Universal Music Group NV (XAMS:UMG) Receivables Turnover : 2.94 (As of Dec. 2023)

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What is Universal Music Group NV Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Universal Music Group NV's Revenue for the six months ended in Dec. 2023 was €5,960 Mil. Universal Music Group NV's average Accounts Receivable for the six months ended in Dec. 2023 was €2,028 Mil. Hence, Universal Music Group NV's Receivables Turnover for the six months ended in Dec. 2023 was 2.94.

Universal Music Group NV Receivables Turnover Historical Data

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

Universal Music Group NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.98

9.69

17.36

9.11

5.92

Universal Music Group NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					5.78	3.60	2.88	2.69	2.94

Competitive Comparison of Universal Music Group NV's Receivables Turnover

For the Entertainment subindustry, Universal Music Group NV's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Media - Diversified Industry

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

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

Universal Music Group NV Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	11108	/ (	(1765	+	1986)	/	2 )
=	11108	/	1875.5
=	5.92

Universal Music Group NV's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	5960	/ (	(2069	+	1986)	/	2 )
=	5960	/	2027.5
=	2.94

Universal Music Group NV (XAMS:UMG) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Universal Music Group NV Receivables Turnover 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 » Receivables Turnover

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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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