Universal Music Group NV (XAMS:UMG) Accounts Payable & Accrued Expense : €5,735 Mil (As of Jun. 2024)

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What is Universal Music Group NV Accounts Payable & Accrued Expense?

Universal Music Group NV's quarterly accounts payable & accrued expense declined from Jun. 2023 (€5,099 Mil) to Dec. 2023 (€4,984 Mil) but then increased from Dec. 2023 (€4,984 Mil) to Jun. 2024 (€5,735 Mil).

Universal Music Group NV's annual accounts payable & accrued expense increased from Dec. 2021 (€4,141 Mil) to Dec. 2022 (€4,425 Mil) and increased from Dec. 2022 (€4,425 Mil) to Dec. 2023 (€4,984 Mil).

Universal Music Group NV Accounts Payable & Accrued Expense Historical Data

The historical data trend for Universal Music Group NV's Accounts Payable & Accrued Expense 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 Accounts Payable & Accrued Expense Chart

Universal Music Group NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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3,969.00

3,368.00

4,141.00

4,425.00

4,984.00

Universal Music Group NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial						5,042.00	4,425.00	5,099.00	4,984.00	5,735.00

Universal Music Group NV Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Universal Music Group NV Business Description

Industry

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Traded in Other Exchanges

UNVGY:USA UMGNF:USA UMGa:UK 0VD0:Germany UMG:Austria

Address

Gravelandseweg 80, Hilversum, NH, NLD, 1217 EW

Website

https://www.universalmusic.com

Universal Music is the largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing more than a dozen record labels, including notable names like Interscope, Capital Music, Motown Records, and Def Jam. Some of the most successful current artists signed to record deals with Universal include Taylor Swift, Drake, The Weeknd, and Morgan Wallen. Most of Universal's remaining revenue comes from its publishing segment, which generates revenue for songwriters and composers, including some of Universal's recording artists as well as songwriters and composers who do not record music themselves or are attached to other labels. Universal's publishing group has nearly 4.5 million owned or administered titles in its catalog.

Universal Music Group NV Headlines

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