Universal Music Group NV (WBO:UMG) Total Inventories : €244 Mil (As of Jun. 2024)

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What is Universal Music Group NV Total Inventories?

Universal Music Group NV's total inventories for the quarter that ended in Jun. 2024 was €244 Mil. Universal Music Group NV's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was €227 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Universal Music Group NV's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was €-5.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Universal Music Group NV's Days Inventory for the six months ended in Jun. 2024 was 13.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Universal Music Group NV's Inventory Turnover for the quarter that ended in Jun. 2024 was 13.71.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Universal Music Group NV's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.04.

Universal Music Group NV Total Inventories Historical Data

The historical data trend for Universal Music Group NV's Total Inventories 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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Universal Music Group NV Total Inventories Chart

Universal Music Group NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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90.00

79.00

99.00

163.00

210.00

Universal Music Group NV Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial						128.00	163.00	204.00	210.00	244.00

Universal Music Group NV Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Universal Music Group NV (WBO:UMG) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Universal Music Group NV's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(457	+	0.75 * 2307	+	0.5 * 244	-	11694
-	0	-	42)	/	1829.04
=	-5.15

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Universal Music Group NV's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	227	/	3113	*	365 / 2
	=	13.31

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Universal Music Group NV's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	3113	/	227
	=	13.71

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Universal Music Group NV's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	227	/	5526
	=	0.04

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Universal Music Group NV Total Inventories Related Terms

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Universal Music Group NV Business Description

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UNVGY:USA UMGNF:USA UMG:Netherlands UMGa:UK 0VD:Germany

Address

Gravelandseweg 80, Hilversum, NH, NLD, 1217 EW

Website

https://www.universalmusic.com

Universal Music is the largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing more than a dozen record labels, including notable names like Interscope, Capital Music, Motown Records, and Def Jam. Some of the most successful current artists signed to record deals with Universal include Taylor Swift, Drake, The Weeknd, and Morgan Wallen. Most of Universal's remaining revenue comes from its publishing segment, which generates revenue for songwriters and composers, including some of Universal's recording artists as well as songwriters and composers who do not record music themselves or are attached to other labels. Universal's publishing group has nearly 4.5 million owned or administered titles in its catalog.

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