SONG (Music Licensing) Days Payable: 0.00 (As of Jun. 2024)


What is Music Licensing Days Payable?

Music Licensing SONG -60.00% Days Payable is 0.00 as of Jun. 2024.

Music Licensing's average Accounts Payable for the three months ended in Jun. 2024 was $0.5 Mil. Music Licensing's Cost of Goods Sold for the three months ended in Jun. 2024 was $0.0 Mil.

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

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

Music Licensing's Days Payable stayed the same from Jun. 2023 (0.00) to Jun. 2024 (0.00). stayed the same

Music Licensing Days Payable Historical Data

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The historical data trend for Music Licensing'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.

Music Licensing Days Payable Chart

Music Licensing Annual Data
Trend Dec21 Dec22 Dec23
Days Payable
0.00 0.00 0.00

Music Licensing Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Days Payable Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

SONG vs NFLX, DIS, LYV: Days Payable Comparison

For the Entertainment subindustry, Music Licensing'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.

Music Licensing Days Payable vs Media - Diversified Industry

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

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


Music Licensing 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.

Music Licensing's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0.092 + 0.406) / 2 ) / 0*365
=0.249 / 0*365
=N/A

Music Licensing's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (0.406 + 0.5) / 2 ) / 0*365 / 4
=0.453 / 0*365 / 4
=N/A

* 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 0.00 mean?
Music Licensing (SONG) has a Days Payable of 0.00 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Music Licensing and its competitors.
Is Music Licensing's Days Payable too high?
Music Licensing's current Days Payable is 0.00.
How does Music Licensing's Days Payable compare to NFLX and DIS?
Music Licensing's Days Payable of 0.00 can be compared against companies in the Media - Diversified industry. The industry median Days Payable is 83.90. 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. 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 Music Licensing 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. Music Licensing's current Days Payable is 0.00. 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 Days Payable of 0.00. The current Days Payable is 0.00. 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 Music Licensing (SONG), the current Days Payable is 0.00 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 Business Description

Address 382 NE 191st Street, Miami, FL, USA, 33179
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.