Warner Music Group (WMG)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 19.50 | 17.63 | 19.42 | 15.54 | 17.77 | |
| Number of days of payables | days | 18.72 | 20.71 | 18.79 | 23.49 | 20.54 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 19.50
= 18.72
Warner Music Group's number of days of payables has fluctuated over the past five years. In the most recent fiscal year ending on September 30, 2024, the company took an average of 18.72 days to pay its suppliers. This represents a slight decrease compared to the previous year, where the number of days of payables was 20.71 days.
Looking back further, we see that in September 2022, the number of days of payables was 18.79 days, indicating a similar payment trend compared to the latest fiscal year. However, in September 2021, Warner Music Group took 23.49 days on average to pay its suppliers, which was higher than in recent years. The longest payment period was observed in September 2020, with 20.54 days of payables.
Overall, Warner Music Group has managed to decrease its number of days of payables in the most recent fiscal year, which may imply a more efficient management of working capital or a change in payment terms with suppliers. It is essential to monitor this ratio consistently to assess the company's liquidity and supplier relationships.
Peer comparison
Sep 30, 2024