Warner Music Group (WMG)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,635,000 | 5,522,000 | 5,549,000 | 5,435,000 | 5,288,000 | 5,248,000 | 5,159,000 | 5,094,000 | 5,205,000 | 5,147,000 | 5,039,000 | 4,928,000 | 4,692,000 | 4,444,000 | 4,709,000 | 4,730,000 | 4,692,000 | 4,759,000 | 4,316,000 | 4,164,000 |
| Inventory | US$ in thousands | 99,000 | 92,000 | 97,000 | 106,000 | 126,000 | 116,000 | 114,000 | 102,000 | 108,000 | 93,000 | 94,000 | 84,000 | 99,000 | 79,000 | 79,000 | 71,000 | 79,000 | 59,000 | 65,000 | 65,000 |
| 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 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,635,000K ÷ $99,000K
= 56.92
Warner Music Group's inventory turnover has shown some fluctuation over the past few years, with values ranging from a low of 41.97 to a high of 80.66. The inventory turnover ratio indicates how many times a company's inventory is sold and replaced over a period. A higher inventory turnover ratio generally suggests that the company is efficiently managing its inventory levels by selling products quickly.
From the data provided, we can observe that Warner Music Group's inventory turnover has generally been above 50, indicating that the company has been able to sell its inventory multiple times within a year. This suggests efficient inventory management and could potentially indicate effective sales and production processes.
However, it is also important to note that the inventory turnover ratio has shown some variability, which could indicate fluctuating demand, changes in production levels, or other factors impacting inventory management. Overall, Warner Music Group's inventory turnover has been relatively strong, reflecting efficient utilization of inventory resources.
Peer comparison
Sep 30, 2024
Sep 30, 2024