UMGNF (Universal Music Group NV) COGS-to-Revenue : 0.58 (As of Dec. 2024)

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What is Universal Music Group NV COGS-to-Revenue?

Universal Music Group NV's Cost of Goods Sold for the six months ended in Dec. 2024 was $3,804 Mil. Its Revenue for the six months ended in Dec. 2024 was $6,605 Mil.

Universal Music Group NV's COGS to Revenue for the six months ended in Dec. 2024 was 0.58.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Universal Music Group NV's Gross Margin % for the six months ended in Dec. 2024 was 42.41%.

Universal Music Group NV COGS-to-Revenue Historical Data

The historical data trend for Universal Music Group NV's COGS-to-Revenue 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 COGS-to-Revenue Chart

Universal Music Group NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.53

0.54

0.56

0.57

Universal Music Group NV Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
COGS-to-Revenue	Get a 7-Day Free Trial								0.56	0.55	0.57	0.56	0.58

Universal Music Group NV COGS-to-Revenue Calculation

Universal Music Group NV's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7063.874	/	12391.623
	=	0.57

Universal Music Group NV's COGS to Revenue for the quarter that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3804.189	/	6605.236
	=	0.58

Universal Music Group NV (OTCPK:UMGNF) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Universal Music Group NV's Gross Margin % for the six months ended in Dec. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	3804.189 / 6605.236
	=	42.41 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Universal Music Group NV COGS-to-Revenue 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 » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

UNVGY:USA UMG:Netherlands UMGa:UK 0VD: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.