Warner Music Group (WMG)
Working capital 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 current assets | US$ in thousands | 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 | 1,691,000 | 1,580,000 |
| Total current liabilities | US$ in thousands | 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 | 2,819,000 | 2,544,000 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
March 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,217,000K ÷ ($2,450,000K – $3,533,000K)
= —
Warner Music Group's working capital turnover ratio data is not available in the provided table. Consequently, a detailed and comprehensive analysis of the company's working capital turnover performance cannot be conducted at this time. The working capital turnover ratio is a financial metric that indicates how efficiently a company is using its working capital to generate sales and revenue. A higher working capital turnover ratio generally signifies better efficiency in utilizing working capital to drive revenue. It is a key indicator of a company's operational efficiency and financial health. Analysis of this ratio over time can provide insights into changes in the company's working capital management and operational effectiveness.
Peer comparison
Mar 31, 2024