Cumulus Media (Cumulus Media) Days Payable : 60.50 (As of Dec. 2023)

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What is Cumulus Media Days Payable?

Cumulus Media's average Accounts Payable for the three months ended in Dec. 2023 was $61.3 Mil. Cumulus Media's Cost of Goods Sold for the three months ended in Dec. 2023 was $92.4 Mil. Hence, Cumulus Media's Days Payable for the three months ended in Dec. 2023 was 60.50.

The historical rank and industry rank for Cumulus Media's Days Payable or its related term are showing as below:

CMLS' s Days Payable Range Over the Past 10 Years
Min: 5.4 Med: 8.99 Max: 77.14
Current: 77.14

During the past 13 years, Cumulus Media's highest Days Payable was 77.14. The lowest was 5.40. And the median was 8.99.

CMLS's Days Payable is ranked worse than
52.32% of 927 companies
in the Media - Diversified industry
Industry Median: 82.44 vs CMLS: 77.14

Cumulus Media's Days Payable increased from Dec. 2022 (56.54) to Dec. 2023 (60.50). It may suggest that Cumulus Media delayed paying its suppliers.

Cumulus Media Days Payable Historical Data

The historical data trend for Cumulus Media'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.

Cumulus Media Days Payable Chart

Cumulus Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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7.85

5.40

6.83

8.99

14.79

Cumulus Media Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															56.54	62.16	134.42	126.92	60.50

Competitive Comparison of Cumulus Media's Days Payable

For the Broadcasting subindustry, Cumulus Media'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.

Cumulus Media's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cumulus Media's Days Payable distribution charts can be found below:

* The bar in red indicates where Cumulus Media's Days Payable falls into.

Cumulus Media 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.

Cumulus Media's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (10.963	+	15.891)	/	2 )	/	331.359	*	365
=	13.427					/	331.359	*	365
=	14.79

Cumulus Media's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (106.663	+	15.891)	/	2 )	/	92.42	*	365 / 4
=	61.277					/	92.42	*	365 / 4
=	60.50

Cumulus Media Days Payable Related Terms

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Cumulus Media (Cumulus Media) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cumulus Media Inc (NAS:CMLS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1NM:Germany

Address

780 Johnson Ferry Road NE, Suite 500, Atlanta, GA, USA, 30342

Website

https://www.cumulusmedia.com

Cumulus Media Inc is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports, and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with Westwood One network and numerous digital channels. The company's revenue is derived mainly from the sale of local, regional, and national advertising which is broadcast on its radio stations.

Executives

Deborah A Farrington	director	STARVEST PARTNERS, L.P., 750 LEXINGTON AVENUE, 15TH FLOOR, NEW YORK NY 10022
David Edward Milner	officer: EVP - Operations	3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Richard Denning	officer: EVP, GEN COUNSEL & SECRETARY	3280 PEACHTREE ROAD NW SUITE 2300, ATLANTA GA 30305
Brigade Capital Management, Lp	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Francisco J Lopez-balboa	officer: EVP and CFO	3280 PEACHTREE ROAD, N.W., ATLANTA GA 30305
Sallie Kimbrough	officer: See Remarks	3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Robert J Walker	officer: EVP - Operations	3280 PEACHTREE ROAD, N.W., SUITE 2200, ATLANTA GA 30305
Mary G. Berner	director, officer: PRESIDENT & CEO	C/O CUMULUS MEDIA, INC., 3280 PEACHTREE ROAD, NW, ATLANTA GA 30305
Suzanne M Grimes	officer: EVP Corporate Marketing	200 EAST BASSE ROAD, SAN ANTONIO TX 78209
John Abbot	officer: EVP, TREASURER & CFO
Sp Signal Manager, Llc	10 percent owner	2 GREENWICH PLAZA, FIRST FLOOR, GREENWICH CT 06830
Nimbus Atlas Llc	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Thomas H Castro	director	C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Matthew Blank	director	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
David M Baum	director	784 MORRIS TURNPIKE #367, SHORT HILLS NJ 07078