Warner Music Group's average Accounts Receivable for the
three
months ended in Dec. 2023 was $1,158 Mil. Warner Music Group's Revenue for the
three
months ended in Dec. 2023 was $1,748 Mil.
Hence, Warner Music Group's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 60.42.
The historical rank and industry rank for Warner Music Group's Days Sales Outstanding or its related term are showing as below:
WMG'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 37.41 Med: 51.87 Max: 63.6
Current: 63.17
During the past 13 years, Warner Music Group's highest Days Sales Outstanding was 63.60. The lowest was 37.41. And the median was 51.87.
WMG's Days Sales Outstanding is ranked better than 54.84% of 1023
companies
in the Media - Diversified industry
Industry Median: 69.35
vs WMG: 63.17
Warner Music Group's Days Sales Outstanding
declined
from Dec. 2022 (60.96) to Dec. 2023 (60.42).
Warner Music Group Days Sales Outstanding Historical Data
The historical data trend for Warner Music Group's Days Sales Outstanding 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.
For the Entertainment subindustry, Warner Music Group's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution
For the Media - Diversified industry and Communication Services sector, Warner Music Group's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Warner Music Group's Days Sales Outstanding falls into.
Warner Music Group Days Sales Outstanding Calculation
Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.
* 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.
Warner Music Group (NAS:WMG) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Warner Music Group Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Warner Music Group's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Warner Music Group (Warner Music Group) Business Description
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.
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