Warner Music Group (WMG)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,248,000 | 6,253,000 | 6,217,000 | 6,116,000 | 5,907,000 | 5,889,000 | 5,802,000 | 5,817,000 | 6,017,000 | 5,838,000 | 5,734,000 | 5,608,000 | 5,293,000 | 5,039,000 | 4,721,000 | 4,542,000 | 4,463,000 | 4,461,000 | 4,509,000 | 4,528,000 |
| Total assets | US$ in thousands | 9,155,000 | 8,830,000 | 8,731,000 | 8,991,000 | 8,545,000 | 8,150,000 | 8,010,000 | 8,129,000 | 7,828,000 | 7,699,000 | 7,781,000 | 8,015,000 | 7,211,000 | 7,040,000 | 6,830,000 | 6,943,000 | 6,410,000 | 6,148,000 | 6,124,000 | 6,314,000 |
| Total asset turnover | 0.68 | 0.71 | 0.71 | 0.68 | 0.69 | 0.72 | 0.72 | 0.72 | 0.77 | 0.76 | 0.74 | 0.70 | 0.73 | 0.72 | 0.69 | 0.65 | 0.70 | 0.73 | 0.74 | 0.72 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,248,000K ÷ $9,155,000K
= 0.68
Warner Music Group's total asset turnover has displayed fluctuations over the past few quarters, ranging from 0.65 to 0.77. This ratio measures the efficiency of the company in generating sales revenue from its total assets. Generally, a higher total asset turnover indicates better asset utilization and efficiency in generating sales.
The trend shows that there has been some variability in the efficiency of Warner Music Group in utilizing its assets to generate revenues. It is worth noting that while the ratio has been relatively stable around the 0.70 to 0.74 range in recent quarters, there was a notable increase to 0.77 in the third quarter of 2022, suggesting improved asset utilization efficiency during that period.
Overall, further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of Warner Music Group's performance in generating revenues from its assets.
Peer comparison
Sep 30, 2024