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Universal Music Group NV (WBO:UMG) Construction In Progress : €24 Mil (As of Dec. 2023)


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What is Universal Music Group NV Construction In Progress?

Universal Music Group NV's quarterly construction in progress declined from Dec. 2022 (€20 Mil) to Jun. 2023 (€0 Mil) but then increased from Jun. 2023 (€0 Mil) to Dec. 2023 (€24 Mil).

Universal Music Group NV's annual construction in progress increased from Dec. 2021 (€9 Mil) to Dec. 2022 (€20 Mil) and increased from Dec. 2022 (€20 Mil) to Dec. 2023 (€24 Mil).

Universal Music Group NV Construction In Progress Historical Data

The historical data trend for Universal Music Group NV's Construction In Progress 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 Construction In Progress Chart

Universal Music Group NV Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial - 19.00 9.00 20.00 24.00

Universal Music Group NV Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.00 - 20.00 - 24.00

Universal Music Group NV Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Universal Music Group NV (WBO:UMG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (WBO:UMG) » Definitions » Construction In Progress
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Traded in Other Exchanges
UNVGY:USA UMGNF:USA UMG:Netherlands UMGa:UK 0VD:Germany
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 (WBO:UMG) Headlines

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