Warner Music Group (WBO:WMG) Days Inventory : 12.17 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

Warner Music Group Days Inventory Definition

Days Inventory is also known as Days Sales of Inventory (DSI). Warner Music Group's Average Total Inventories for the three months ended in Dec. 2023 was €108 Mil. Warner Music Group's Cost of Goods Sold for the three months ended in Dec. 2023 was €807 Mil. Hence, Warner Music Group's Days Inventory for the three months ended in Dec. 2023 was 12.17.

The historical rank and industry rank for Warner Music Group's Days Inventory or its related term are showing as below:

WBO:WMG' s Days Inventory Range Over the Past 10 Years
Min: 6.81 Med: 9.33 Max: 13.44
Current: 12.49

During the past 13 years, Warner Music Group's highest Days Inventory was 13.44. The lowest was 6.81. And the median was 9.33.

WBO:WMG's Days Inventory is ranked better than
65.45% of 657 companies
in the Media - Diversified industry
Industry Median: 26.32 vs WBO:WMG: 12.49

Warner Music Group's Days Inventory declined from Dec. 2022 (13.04) to Dec. 2023 (12.17).

Inventory Turnover measures how fast the company turns over its inventory within a year. Warner Music Group's Inventory Turnover for the three months ended in Dec. 2023 was 7.50.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Warner Music Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.07.

Warner Music Group Days Inventory Historical Data

The historical data trend for Warner Music Group's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Warner Music Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

Get a 7-Day Free Trial

8.64

12.37

11.84

11.34

13.93

Warner Music Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															13.04	13.74	12.42	12.97	12.17

Competitive Comparison

For the Entertainment subindustry, Warner Music Group's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Warner Music Group Days Inventory Distribution

For the Media - Diversified industry and Communication Services sector, Warner Music Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Warner Music Group's Days Inventory falls into.

Warner Music Group Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Warner Music Group's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (109.08	+	118.062)	/	2 )	/	2976.849	*	365
=	113.571					/	2976.849	*	365
=	13.93

Warner Music Group's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (118.062	+	97.202)	/	2 )	/	806.96	*	365 / 4
=	107.632					/	806.96	*	365 / 4
=	12.17

Warner Music Group (WBO:WMG) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Warner Music Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	806.96	/	107.632
	=	7.50

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Warner Music Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	107.632	/	1602.916
	=	0.07

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Warner Music Group Days Inventory Related Terms

Thank you for viewing the detailed overview of Warner Music Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Warner Music Group (WBO:WMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Warner Music Group Corp (WBO:WMG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WMG:USA WA4:Germany W1MG34:Brazil

Address

1633 Broadway, New York, NY, USA, 10019

Website

https://www.wmg.com

Warner Music Group is the third largest of the three major global record labels, with Vivendi's Universal Music in first and Sony Music in second. Warner's larger segment, recorded music, consists of iconic labels like Atlantic Records, Warner Records, and Parlophone Records and popular artists such as Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. Warner Chappell, the firm's publishing arm, is the home to over 65,000 composers and songwriters with over 1 million copyrights represented. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights.