Days Inventory is also known as Days Sales of Inventory (DSI). Universal Music Group NV's Average Total Inventories for the
six
months ended in Dec. 2023 was €207 Mil. Universal Music Group NV's Cost of Goods Sold for the
six
months ended in Dec. 2023 was €3,397 Mil.
Hence, Universal Music Group NV's Days Inventory for the
six
months ended in Dec. 2023 was 11.12.
The historical rank and industry rank for Universal Music Group NV's Days Inventory or its related term are showing as below:
XAMS:UMG'
s Days Inventory Range Over the Past 10 Years
Min: 7.05 Med: 8.32 Max: 11.31
Current: 11.31
During the past 7 years, Universal Music Group NV's highest Days Inventory was 11.31. The lowest was 7.05. And the median was 8.32.
XAMS:UMG's Days Inventory is ranked better than 67.28% of 657
companies
in the Media - Diversified industry
Industry Median: 26.32
vs XAMS:UMG: 11.31
Universal Music Group NV's Days Inventory
increased
from Dec. 2022 (8.44) to Dec. 2023 (11.12).
It might indicate that Universal Music Group NV's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Universal Music Group NV's Inventory Turnover for the
six
months ended in Dec. 2023 was 16.41.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Universal Music Group NV's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.03.
Universal Music Group NV Days Inventory Historical Data
The historical data trend for Universal Music Group NV's Days Inventory 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.
Competitive Comparison of Universal Music Group NV's Days Inventory
For the Entertainment subindustry, Universal Music Group NV's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Universal Music Group NV's Days Inventory distribution charts can be found below:
* The bar in red indicates where Universal Music Group NV's Days Inventory falls into.
Universal Music Group NV Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Universal Music Group NV's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Universal Music Group NV (XAMS:UMG) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Universal Music Group NV's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Universal Music Group NV's Inventory to Revenue for the
six
months ended in Dec. 2023 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Universal Music Group NV Days Inventory Related Terms
Thank you for viewing the detailed overview of Universal Music Group NV's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Universal Music Group NV (XAMS:UMG) Business Description
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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