Warner Music Group (WMG)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 19.50 | 27.61 | 18.13 | 22.09 | 17.63 | 21.08 | 18.29 | 23.15 | 19.42 | 19.42 | 15.75 | 17.99 | 15.54 | 19.66 | 20.04 | 22.10 | 17.77 | 23.21 | 17.54 | 20.61 | |
| Number of days of payables | days | 18.72 | 13.22 | 20.13 | 16.52 | 20.71 | 17.32 | 19.95 | 15.76 | 18.79 | 18.79 | 23.18 | 20.29 | 23.49 | 18.56 | 18.22 | 16.51 | 20.54 | 15.72 | 20.80 | 17.71 |
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 shown some variability over the past few quarters. On September 30, 2024, the company took approximately 18.72 days to pay its suppliers, which was higher compared to the previous quarter on June 30, 2024, where it took 13.22 days. This suggests a potential lengthening of the payment cycle during the period.
Looking back at historical data, there are instances where the number of days of payables fluctuated, reaching its highest at 23.49 days on September 30, 2021, and the lowest at 13.22 days on June 30, 2024. These fluctuations may indicate changes in the company's payment practices or relationships with suppliers.
Analyzing the trend, it appears that Warner Music Group has been managing its payables efficiently, with the number of days consistently staying within a moderate range between 13 to 23 days. However, it is essential to monitor any significant deviations from this range, as they could potentially indicate shifts in the company's working capital management or financial health.
Peer comparison
Sep 30, 2024