Warner Music Group (WMG)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 15.84 | 19.46 | |
| Number of days of payables | days | 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 | 23.04 | 18.76 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 18.13
= 20.13
Warner Music Group's number of days of payables has shown some fluctuations over the past few quarters. The trend indicates that the company takes an average of around 18 to 20 days to pay its suppliers. There was a slight increase in the number of days of payables during the first quarter of 2024 compared to the previous quarter, which may suggest a slowdown in payments to suppliers. The highest number of days of payables was observed in the first quarter of 2022, indicating a longer period taken by the company to settle its payables during that period. Overall, Warner Music Group's management of payables appears relatively consistent with some variability seen in the timing of payments to suppliers.
Peer comparison
Mar 31, 2024