Warner Music Group (WMG)

Cash conversion cycle

		Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Days of inventory on hand (DOH)	days	6.23	10.77	14.48	12.80	13.18
Days of sales outstanding (DSO)	days	72.92	71.28	67.72	60.68	57.77
Number of days of payables	days	25.83	31.44	34.47	31.76	40.20
Cash conversion cycle	days	53.33	50.61	47.73	41.72	30.75

September 30, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 6.23 + 72.92 – 25.83
= 53.33

Sep 30, 2025

Company name

Symbol

Cash conversion cycle

Warner Music Group

WMG

53.33