Warner Music Group (WMG)
Working capital turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,879,000 | 6,088,000 | 5,276,000 | 4,463,000 | 4,475,000 |
| Total current assets | US$ in thousands | 2,402,000 | 2,139,000 | 1,896,000 | 1,678,000 | 1,691,000 |
| Total current liabilities | US$ in thousands | 3,539,000 | 3,368,000 | 3,150,000 | 2,720,000 | 2,819,000 |
| Working capital turnover | — | — | — | — | — |
September 30, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,879,000K ÷ ($2,402,000K – $3,539,000K)
= —
To calculate Warner Music Group's working capital turnover, we need the formula:
\[
\text{Working Capital Turnover} = \frac{\text{Net Revenue}}{\text{Average Working Capital}}
\]
Unfortunately, the specific figures required to compute the working capital turnover for Warner Music Group are not provided in the table. We would need the net revenue and average working capital for each respective year in order to calculate and analyze the working capital turnover ratio effectively.
Working capital turnover is a measure of how efficiently a company is using its working capital to generate sales. A higher working capital turnover ratio indicates that the company is effectively managing its working capital to generate revenue.
Without the necessary data, we are unable to provide a detailed analysis of Warner Music Group's working capital turnover over the given periods.
Peer comparison
Sep 30, 2023