Warner Music Group (WMG)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,217,000 | 6,116,000 | 5,907,000 | 5,889,000 | 5,802,000 | 5,817,000 | 6,017,000 | 5,838,000 | 5,734,000 | 5,608,000 | 5,293,000 | 5,039,000 | 4,721,000 | 4,542,000 | 4,463,000 | 4,461,000 | 4,509,000 | 4,528,000 | 4,475,000 | 4,390,000 |
| Property, plant and equipment | US$ in thousands | 462,000 | 466,000 | 458,000 | 454,000 | 440,000 | 430,000 | 415,000 | 403,000 | 386,000 | 378,000 | 364,000 | 347,000 | 339,000 | 334,000 | 331,000 | 310,000 | 294,000 | 295,000 | 300,000 | 296,000 |
| Fixed asset turnover | 13.46 | 13.12 | 12.90 | 12.97 | 13.19 | 13.53 | 14.50 | 14.49 | 14.85 | 14.84 | 14.54 | 14.52 | 13.93 | 13.60 | 13.48 | 14.39 | 15.34 | 15.35 | 14.92 | 14.83 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,217,000K ÷ $462,000K
= 13.46
Warner Music Group's fixed asset turnover has displayed consistency over the past few quarters, ranging between 12.90 and 15.35. The trend indicates that the company efficiently utilizes its fixed assets to generate revenue, with higher turnover ratios reflecting more effective asset management. The relatively high fixed asset turnover ratios suggest that Warner Music Group is effectively leveraging its fixed assets to drive revenue generation. This efficiency can be attributed to effective asset utilization strategies, operational excellence, and possibly a leaner asset base. Overall, the consistently strong fixed asset turnover indicates sound operational efficiency and financial health within Warner Music Group.
Peer comparison
Mar 31, 2024