Warner Music Group (WMG)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 56.92 | 60.02 | 57.21 | 51.27 | 41.97 | 45.24 | 45.25 | 49.94 | 48.19 | 55.34 | 53.61 | 58.67 | 47.39 | 56.25 | 59.61 | 66.62 | 59.39 | 80.66 | 66.40 | 64.06 | |
| DOH | days | 6.41 | 6.08 | 6.38 | 7.12 | 8.70 | 8.07 | 8.07 | 7.31 | 7.57 | 6.60 | 6.81 | 6.22 | 7.70 | 6.49 | 6.12 | 5.48 | 6.15 | 4.53 | 5.50 | 5.70 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 56.92
= 6.41
Warner Music Group's Days of Inventory on Hand (DOH) has shown some fluctuations over the past few quarters. The company's DOH ranged from a low of 4.53 days on Dec 31, 2019, to a high of 8.70 days on Sep 30, 2023. The most recent data as of Sep 30, 2024, shows the DOH at 6.41 days.
A lower DOH implies that Warner Music Group is managing its inventory efficiently, turning over its inventory quickly. Conversely, a higher DOH may suggest that the company is holding onto inventory for a longer period, which could potentially tie up working capital and lead to increased carrying costs.
It is noteworthy that the DOH has generally been within a relatively narrow range over the periods analyzed. This stability in inventory management indicates consistent control over inventory levels by Warner Music Group. However, management should continue to monitor and optimize inventory levels to ensure that they align with demand patterns and minimize excess holding costs.
Peer comparison
Sep 30, 2024