UMGNF (Universal Music Group NV) Change In Inventory : $0 Mil (TTM As of Dec. 2024)

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What is Universal Music Group NV Change In Inventory?

Universal Music Group NV's change in inventory for the quarter that ended in Dec. 2024 was $0 Mil. It means Universal Music Group NV's inventory stayed the same from Jun. 2024 to Dec. 2024 .

Universal Music Group NV's change in inventory for the fiscal year that ended in Dec. 2024 was $0 Mil. It means Universal Music Group NV's inventory stayed the same from Dec. 2023 to Dec. 2024 .

Universal Music Group NV's Total Inventories for the quarter that ended in Dec. 2024 was $0 Mil.

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 quarter that ended in Dec. 2024 was 6.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Universal Music Group NV's Inventory Turnover for the quarter that ended in Dec. 2024 was 28.97.

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 quarter that ended in Dec. 2024 was 0.02.

Universal Music Group NV Change In Inventory Historical Data

The historical data trend for Universal Music Group NV's Change In 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.

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Universal Music Group NV Change In Inventory Chart

Universal Music Group NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Change In Inventory

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7.30

-19.21

-65.68

-56.71

Universal Music Group NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Change In Inventory	Get a 7-Day Free Trial							-	-	-	-	-

Universal Music Group NV Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0 Mil.

Universal Music Group NV (OTCPK:UMGNF) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	131.324	/	3804.189	*	365 / 2
	=	6.30

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Universal Music Group NV's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3804.189	/	131.324
	=	28.97

3. 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 quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	131.324	/	6605.236
	=	0.02

Universal Music Group NV Change In Inventory Related Terms

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Universal Music Group NV Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Universal Music Group NV (OTCPK:UMGNF) » Definitions » Change In Inventory

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Traded in Other Exchanges

UNVGY:USA UMG:Netherlands 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.