SONG (Music Licensing) Gross-Profit-to-Asset % : 96.38% (As of Jun. 2024)

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What is Music Licensing Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Music Licensing's annualized Gross Profit for the quarter that ended in Jun. 2024 was $29.3 Mil. Music Licensing's average Total Assets over the quarter that ended in Jun. 2024 was $30.4 Mil. Therefore, Music Licensing's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 was 96.38%.

Music Licensing Gross-Profit-to-Asset % Historical Data

The historical data trend for Music Licensing's Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Chart

Music Licensing Annual Data

Trend

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

9.05

3,193.74

Music Licensing Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial			875.12	803.76	713.77	815.16	96.38

Competitive Comparison of Music Licensing's Gross-Profit-to-Asset %

For the Entertainment subindustry, Music Licensing's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Music Licensing's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Music Licensing's Gross-Profit-to-Asset % falls into.

Music Licensing Gross-Profit-to-Asset % Calculation

Music Licensing's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	1052.275	/	( (3.597	+	62.299)	/ 2 )
	=	1052.275	/	32.948
	=	3,193.74 %

Music Licensing's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	29.276	/	( (41.699	+	19.053)	/ 2 )
	=	29.276	/	30.376
	=	96.38 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Jun. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Music Licensing Gross-Profit-to-Asset % 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 » Gross-Profit-to-Asset %

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 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.