KUKEY (Kuke Music Holding) Days Payable: 454.79 (As of Dec. 2024)


What is Kuke Music Holding Days Payable?

Kuke Music Holding KUKEY +37.00% Days Payable is 454.79 as of Dec. 2024.

Kuke Music Holding's average Accounts Payable for the six months ended in Dec. 2024 was $6.87 Mil. Kuke Music Holding's Cost of Goods Sold for the six months ended in Dec. 2024 was $2.76 Mil. Hence, Kuke Music Holding's Days Payable for the six months ended in Dec. 2024 was 454.79.

The historical rank and industry rank for Kuke Music Holding's Days Payable or its related term are showing as below:

KUKEY's Days Payable is not ranked *
in the Media - Diversified industry.
Industry Median: 83.895
* Ranked among companies with meaningful Days Payable only.

Kuke Music Holding's Days Payable increased from Dec. 2023 (178.92) to Dec. 2024 (454.79). It may suggest that Kuke Music Holding delayed paying its suppliers.

Kuke Music Holding Days Payable Historical Data

* Premium members only.

The historical data trend for Kuke Music Holding'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.

Kuke Music Holding Days Payable Chart

Kuke Music Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial 245.86 82.70 127.66 228.89 382.36

Kuke Music Holding Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 174.60 328.30 178.92 342.12 454.79

KUKEY vs MVNC, ZNB, AERA: Days Payable Comparison

For the Entertainment subindustry, Kuke Music Holding'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.

Kuke Music Holding Days Payable vs Media - Diversified Industry

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

* The bar in red indicates where Kuke Music Holding's Days Payable falls into.


Kuke Music Holding 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.

Kuke Music Holding's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (4.876 + 7.238) / 2 ) / 5.782*365
=6.057 / 5.782*365
=382.36

Kuke Music Holding's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

Days Payable (Q: Dec. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Dec. 2024 )) / count ) / Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=( (6.503 + 7.238) / 2 ) / 2.757*365 / 2
=6.8705 / 2.757*365 / 2
=454.79

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 454.79 mean?
Kuke Music Holding (KUKEY) has a Days Payable of 454.79 as of Dec. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Kuke Music Holding and its competitors.
Is Kuke Music Holding's Days Payable too high?
Kuke Music Holding's current Days Payable is 454.79. The Media - Diversified industry median Days Payable is 83.90. Kuke Music Holding's value of 454.79 is 442.1% above this industry median.
How does Kuke Music Holding's Days Payable compare to MVNC and ZNB?
Kuke Music Holding's Days Payable of 454.79 can be compared against companies in the Media - Diversified industry. The industry median Days Payable is 83.90. Kuke Music Holding's value of 454.79 is 442.1% 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 Days Payable for a Media - Diversified company?
The median Days Payable among Media - Diversified companies is 83.90, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kuke Music Holding's current Days Payable of 454.79 is 442.1% 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Kuke Music Holding and its competitors. For the Media - Diversified industry, the median Days Payable is 83.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuke Music Holding's current Days Payable is 454.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuke Music Holding stock overvalued right now?
Kuke Music Holding (KUKEY) has a current Days Payable of 454.79. The current Days Payable is 454.79 and 442.1% above the Media - Diversified industry median of 83.90. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Kuke Music Holding (KUKEY), the current Days Payable is 454.79 as of Dec. 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.

Kuke Music Holding Business Description

Address 4 San Jian Fang South Block, Building 96, Chaoyang District, Beijing, CHN, 100024
Kuke Music Holding Ltd provides classical music licensing, subscription, and education services in China. The company licenses its music content to online music entertainment platforms, such as Tencent Music Entertainment Group, digital music service providers, such as NetEase Cloud Music, as well as film and TV production companies, airlines, and smart hardware companies. Users can access the platform through the website, mobile app, and smart music devices.