Warner Music Group (WMG)
Days of inventory on hand (DOH)
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 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 | 55.66 | 60.40 | |
| DOH | days | 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 | 6.56 | 6.04 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 57.21
= 6.38
Warner Music Group has shown fluctuations in its Days of Inventory on Hand (DOH) over the past few quarters. The DOH metric indicates the average number of days it takes for the company to sell its inventory.
From Mar 31, 2024, to Dec 31, 2023, there was a decrease in DOH from 7.12 days to 6.38 days, suggesting that the company managed its inventory more efficiently during this period. However, this followed an increase in DOH from Sep 30, 2023, to Dec 31, 2023, which peaked at 8.70 days. These fluctuations could indicate changes in inventory management practices or sales performance.
Comparing Mar 31, 2024, to the same period in the previous year, there was consistency in DOH at 8.07 days. This could point to the company maintaining a similar inventory management approach during this time frame.
Overall, Warner Music Group has shown some variability in its DOH metric, with some periods indicating better inventory turnover efficiency than others. Further analysis of the company's inventory management strategies and industry-specific factors may provide additional insights into these fluctuations and their impact on the business.
Peer comparison
Mar 31, 2024