Warner Music Group (WMG)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 4,475,000 | 4,390,000 |
| Total assets | US$ in thousands | 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 | 6,017,000 | 5,955,000 |
| Total asset turnover | 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 | 0.74 | 0.74 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,217,000K ÷ $8,731,000K
= 0.71
Total asset turnover measures how efficiently a company is generating revenue from its assets. A higher total asset turnover ratio indicates that the company is effectively using its assets to generate sales.
Warner Music Group's total asset turnover has fluctuated over the past few years but has generally remained in the range of 0.65 to 0.77. In the most recent quarter, ending March 31, 2024, the total asset turnover ratio was 0.71, indicating that the company generated $0.71 in revenue for every dollar of assets it had during that period.
The trend in total asset turnover ratios suggests that Warner Music Group may have experienced some fluctuations in its ability to efficiently utilize its assets to generate revenue. It is important for the company to closely monitor this ratio and strive for improvements to enhance operational efficiency and profitability. Analysis of trends over time and comparison with industry benchmarks can provide further insights into the company's performance and competitiveness in the market.
Peer comparison
Mar 31, 2024