Warner Music Group (WMG)
Fixed asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,390,000 | 5,879,000 | 6,088,000 | 5,276,000 | 4,463,000 |
| Property, plant and equipment | US$ in thousands | 481,000 | 458,000 | 415,000 | 364,000 | 331,000 |
| Fixed asset turnover | 13.28 | 12.84 | 14.67 | 14.49 | 13.48 |
September 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,390,000K ÷ $481,000K
= 13.28
Warner Music Group's fixed asset turnover has exhibited fluctuations over the past five years, ranging from 12.84 to 14.67. The ratio indicates how efficiently the company is generating revenue relative to its investment in fixed assets. A higher fixed asset turnover suggests that Warner Music Group is using its fixed assets more effectively to generate sales.
In 2024, the fixed asset turnover was 13.28, which indicates that the company generated $13.28 in sales for every dollar invested in fixed assets during that period. Compared to the previous year, the ratio saw a slight increase from 12.84, showing improved efficiency in utilizing its fixed assets.
Overall, Warner Music Group's fixed asset turnover ratios demonstrate a relatively stable performance over the years, with occasional fluctuations. This suggests that the company has been effectively managing its fixed assets to generate revenue, albeit with some variability in efficiency.
Peer comparison
Sep 30, 2024