Warner Music Group (WMG)
Working capital 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 current assets | US$ in thousands | 2,643,000 | 2,483,000 | 2,450,000 | 2,616,000 | 2,402,000 | 2,317,000 | 2,212,000 | 2,340,000 | 2,139,000 | 1,901,000 | 1,912,000 | 2,021,000 | 1,896,000 | 1,734,000 | 1,756,000 | 1,828,000 | 1,678,000 | 1,582,000 | 1,583,000 | 1,656,000 |
| Total current liabilities | US$ in thousands | 3,897,000 | 3,573,000 | 3,533,000 | 3,745,000 | 3,539,000 | 3,290,000 | 3,187,000 | 3,341,000 | 3,368,000 | 3,123,000 | 3,131,000 | 3,357,000 | 3,150,000 | 2,902,000 | 2,784,000 | 2,890,000 | 2,720,000 | 2,525,000 | 2,732,000 | 2,799,000 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,248,000K ÷ ($2,643,000K – $3,897,000K)
= —
Working capital turnover ratio is a financial metric that measures how efficiently a company utilizes its working capital to generate sales revenue. Unfortunately, the specific data for Warner Music Group's working capital turnover ratio is not provided in the table. This ratio is typically calculated by dividing net sales by average working capital, where working capital is the difference between current assets and current liabilities. A higher turnover ratio indicates better efficiency in using working capital to generate sales. Without the specific values for Warner Music Group, it is difficult to assess the company's effectiveness in managing its working capital.
Peer comparison
Sep 30, 2024