Warner Music Group (WMG)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 591,000 | 883,000 | 584,000 | -229,000 | 356,000 |
| Revenue | US$ in thousands | 5,879,000 | 6,088,000 | 5,276,000 | 4,463,000 | 4,475,000 |
| Gross profit margin | 10.05% | 14.50% | 11.07% | -5.13% | 7.96% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $591,000K ÷ $5,879,000K
= 10.05%
Warner Music Group's gross profit margin has fluctuated over the past five years. In 2023, the gross profit margin stood at 10.05%, indicating that for every dollar in revenue, the company retained $0.1005 after accounting for the cost of goods sold. This margin has decreased compared to 2022 when it was 14.50%. Despite the decline, the margin remains positive, suggesting that the company continues to generate profit from its core operations. It is also an improvement over the negative margin in 2020, indicating a recovery in profitability. Further analysis of the factors influencing the cost of goods sold and revenue trends would provide deeper insights into the changing gross profit margin performance.
Peer comparison
Sep 30, 2023