Warner Music Group (WMG)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 435,000 | 546,000 | 529,000 | 467,000 | 430,000 | 426,000 | 428,000 | 486,000 | 551,000 | 431,000 | 368,000 | 393,000 | 304,000 | 275,000 | -306,000 | -497,000 | -475,000 | -384,000 | 149,000 | 290,000 |
| Total stockholders’ equity | US$ in thousands | 518,000 | 483,000 | 433,000 | 463,000 | 307,000 | 281,000 | 252,000 | 270,000 | 152,000 | 156,000 | 154,000 | 153,000 | 31,000 | 81,000 | 57,000 | 16,000 | -63,000 | -38,000 | -306,000 | -190,000 |
| ROE | 83.98% | 113.04% | 122.17% | 100.86% | 140.07% | 151.60% | 169.84% | 180.00% | 362.50% | 276.28% | 238.96% | 256.86% | 980.65% | 339.51% | -536.84% | -3,106.25% | — | — | — | — |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $435,000K ÷ $518,000K
= 83.98%
Warner Music Group's return on equity (ROE) has exhibited significant fluctuations over the past few quarters. The ROE has shown a general upward trend, starting at -3,106.25% in December 2020, improving to 83.98% in September 2024. This increase indicates a positive turnaround in the company's profitability and efficiency in generating returns for its shareholders. However, it is important to note the extreme ROE values in some periods, such as 980.65% in December 2021 and -536.84% in March 2021, which may suggest fluctuations in the company's financial performance and the need for further investigation into the underlying factors driving these variations. Overall, Warner Music Group's ROE performance reflects a mix of recovery and volatility, highlighting the importance of continuous monitoring and analysis to assess the company's financial health and sustainability.
Peer comparison
Sep 30, 2024