Music Licensing's Days Sales Outstanding for the
three
months ended in Jun. 2024 was 330.54.
Music Licensing's Days Inventory for the
three
months ended in Jun. 2024 was .
Music Licensing's Days Payable for the
three
months ended in Jun. 2024 was .
Therefore, Music Licensing's Cash Conversion Cycle (CCC) for the
three
months ended in Jun. 2024 was 330.54.
Music Licensing (OTCPK:SONG) Cash Conversion Cycle Explanation
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
Music Licensing Cash Conversion Cycle Related Terms
Music Licensing Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for Music Licensing's Cash Conversion Cycle 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.
SONG vs NFLX, DIS, LYV: Cash Conversion Cycle Comparison
For the Entertainment subindustry, Music Licensing's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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.
Music Licensing Cash Conversion Cycle vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Music Licensing's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Music Licensing's Cash Conversion Cycle falls into.
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
Music Licensing's Cash Conversion Cycle 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.
Music Licensing (SONG) has a Cash Conversion Cycle of 330.54 as of Jun. 2024. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Music Licensing and its competitors.
Is Music Licensing's Cash Conversion Cycle too high?
Music Licensing's current Cash Conversion Cycle is 330.54. The Media - Diversified industry median Cash Conversion Cycle is 20.19. Music Licensing's value of 330.54 is 1537.6% above this industry median.
How does Music Licensing's Cash Conversion Cycle compare to NFLX and DIS?
Music Licensing's Cash Conversion Cycle of 330.54 can be compared against companies in the Media - Diversified industry. The industry median Cash Conversion Cycle is 20.19. Music Licensing's value of 330.54 is 1537.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Media - Diversified company?
The median Cash Conversion Cycle among Media - Diversified companies is 20.19, based on 1,012 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Music Licensing's current Cash Conversion Cycle of 330.54 is 1537.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Music Licensing and its competitors. For the Media - Diversified industry, the median Cash Conversion Cycle is 20.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Music Licensing's current Cash Conversion Cycle is 330.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Music Licensing stock overvalued right now?
Music Licensing (SONG) has a current Cash Conversion Cycle of 330.54. The current Cash Conversion Cycle is 330.54 and 1537.6% above the Media - Diversified industry median of 20.19. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Music Licensing (SONG), the current Cash Conversion Cycle is 330.54 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Music Licensing Inc is an operator of a public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services, and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues. The group generates revenue from monthly or annual license fees. The company licenses music to some of the prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, & many others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SONG has been successfully added to your