What is Universal Music Group NV Inventory-to-Revenue?
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 Average Total Inventories for the quarter that ended in Dec. 2023 was €207 Mil. Universal Music Group NV's Revenue for the
six
months ended in Dec. 2023 was €5,960 Mil.
Universal Music Group NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.
Universal Music Group NV's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Jun. 2023 (0.04) to Jun. 2023 (0.04)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
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 Dec. 2023 was 11.12.
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 Dec. 2023 was 16.41.
Universal Music Group NV Inventory-to-Revenue Historical Data
The historical data trend for Universal Music Group NV's Inventory-to-Revenue 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 Inventory-to-Revenue Chart
Competitive Comparison of Universal Music Group NV's Inventory-to-Revenue
For the Entertainment subindustry, Universal Music Group NV's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Universal Music Group NV's Inventory-to-Revenue Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Universal Music Group NV's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Universal Music Group NV's Inventory-to-Revenue falls into.
Universal Music Group NV Inventory-to-Revenue Calculation
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 fiscal year that ended in Dec. 2023 is calculated as
* 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.
Universal Music Group NV (WBO:UMG) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. 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 Dec. 2023 is calculated as:
* 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.
Universal Music Group NV Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Universal Music Group NV's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Universal Music Group NV (WBO:UMG) Business Description
Universal Music Group is the largest of the three major global record labels with Sony Music in second and Warner Music in third. Universal's larger segment, recorded music, consists of iconic labels like Interscope, Capitol Music, Decca, EMI, and Motown and popular artists such as Drake, Taylor Swift, J Balvin, and Luke Bryan. Universal Music Publishing Group owns and administers almost 4 million compositions and is the second-largest music publisher behind Sony. Universal Music was spun out of Vivendi in September 2021, with 60% distributed to Vivendi shareholders, 20% to Tencent, 10% to Pershing Square Capital, and 10% remaining at Vivendi.
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