SONG (Music Licensing) Days Sales Outstanding : 330.54 (As of Jun. 2024)

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What is Music Licensing Days Sales Outstanding?

Music Licensing's average Accounts Receivable for the three months ended in Jun. 2024 was $26.5 Mil. Music Licensing's Revenue for the three months ended in Jun. 2024 was $7.3 Mil. Hence, Music Licensing's Days Sales Outstanding for the three months ended in Jun. 2024 was 330.54.

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

SONG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 20.31 Med: 20.31 Max: 48.69
Current: 48.69

During the past 3 years, Music Licensing's highest Days Sales Outstanding was 48.69. The lowest was 20.31. And the median was 20.31.

SONG's Days Sales Outstanding is ranked better than
69.16% of 1031 companies
in the Media - Diversified industry
Industry Median: 67.37 vs SONG: 48.69

Music Licensing's Days Sales Outstanding increased from Jun. 2023 (41.64) to Jun. 2024 (330.54).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

Music Licensing Days Sales Outstanding Historical Data

The historical data trend for Music Licensing's Days Sales Outstanding 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 Sales Outstanding Chart

Music Licensing Annual Data

Trend

Dec21

Dec22

Dec23

Days Sales Outstanding

20.31

Music Licensing Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial			41.64	45.36	49.43	41.51	330.54

Competitive Comparison of Music Licensing's Days Sales Outstanding

For the Entertainment subindustry, Music Licensing's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Media - Diversified Industry

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

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

Music Licensing Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0	+	58.543)	/	1 )	/	1052.275	*	365
=	58.543					/	1052.275	*	365
=	20.31

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

	Days Sales Outstanding (Q: Jun. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )	/	Revenue (A: Jun. 2024 )	*	Days in Period
=	( (37.862	+	15.162)	/	2 )	/	7.319	*	365 / 4
=	26.512					/	7.319	*	365 / 4
=	330.54

Music Licensing (OTCPK:SONG) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Music Licensing Days Sales Outstanding 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 Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

3811 Airport Pulling Rd N, Suite 203, Naples, FL, USA, 34105-2512

Website

https://www.promusicrights.com

Music Licensing Inc is an operator of 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.