Warner Music Group (WMG)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 17.63 | 19.42 | 15.54 | 17.77 | 15.84 | |
| Number of days of payables | days | 20.71 | 18.79 | 23.49 | 20.54 | 23.04 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.63
= 20.71
Warner Music Group's number of days of payables has shown some fluctuations over the past five years. In 2023, the company took approximately 20.71 days to pay off its payables, showing an increase from the previous year. This increase in days indicates that, on average, Warner Music Group is taking slightly longer to settle its outstanding payables compared to the prior year.
Looking back at the trend, the number of days of payables has varied over the years, with the highest number of days recorded in 2021 at 23.49 days and the lowest in 2022 at 18.79 days. It is essential to consider the company's payment policies and supplier relationships when analyzing changes in the number of days of payables. Overall, the trend in Warner Music Group's number of days of payables suggests some variability in the company's payment practices over the years.
Peer comparison
Sep 30, 2023