Warner Music Group (WMG)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 56.92 | 41.97 | 48.19 | 47.39 | 59.39 | |
| DOH | days | 6.41 | 8.70 | 7.57 | 7.70 | 6.15 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 56.92
= 6.41
Warner Music Group's days of inventory on hand (DOH) has fluctuated over the past five years, with the following values recorded: 6.41 days in 2024, 8.70 days in 2023, 7.57 days in 2022, 7.70 days in 2021, and 6.15 days in 2020. The DOH indicates the average number of days it takes for the company to sell its inventory, with lower values generally reflecting efficient inventory management.
The downward trend in DOH from 2020 to 2024 suggests improvement in inventory turnover efficiency, as the company is holding inventory for fewer days before selling it. However, the slight increase in 2021 and 2022 compared to the previous years may indicate a slowdown in inventory turnover or changes in the company's inventory management practices.
Overall, Warner Music Group's DOH has shown some variability in recent years, and further monitoring and analysis of inventory management practices would be beneficial to ensure optimal efficiency and profitability in the company's operations.
Peer comparison
Sep 30, 2024