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

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What is Music Licensing Days Payable?

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: 83.76
* 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

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.

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Music Licensing Days Payable Chart

Music Licensing Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

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

Competitive Comparison of Music Licensing's Days Payable

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's Days Payable Distribution in the 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.

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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

Music Licensing Days Payable Related Terms

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Music Licensing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Licensing Inc (OTCPK:SONG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3811 Airport Pulling Road North, Suite 203, Naples, FL, USA, 34105-2512

Website

https://www.promusicrights.com

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.