Warner Music Group (HAM:WA4) Change In Receivables: €-266 Mil (TTM As of Jun. 2026)

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HAM:WA4 Warner Music Group Corp HAM:WA4
72 GF Score
Price €22.29
GF Value €30.69
! 2 Warning Signs
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What is Warner Music Group Change In Receivables?

Warner Music Group HAM:WA4 +3.24% 72 Change In Receivables is €-266 Mil as of Jun. 2026. GuruFocus rates HAM:WA4 with a GF Score™ of 72/100 and a GF Value™ of €30.69. The stock has 2 warning signs investors should review.

Warner Music Group's change in receivables for the quarter that ended in Jun. 2026 was €-81 Mil. It means Warner Music Group's Accounts Receivable increased by €81 Mil from Mar. 2026 to Jun. 2026 .

Warner Music Group's change in receivables for the fiscal year that ended in Sep. 2025 was €-52 Mil. It means Warner Music Group's Accounts Receivable increased by €52 Mil from Sep. 2024 to Sep. 2025 .

Warner Music Group's Accounts Receivable for the quarter that ended in Jun. 2026 was €1,395 Mil.

Days Sales Outstanding measures of 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. Warner Music Group's Days Sales Outstanding for the three months ended in Jun. 2026 was 78.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Warner Music Group's liquidation value for the three months ended in Jun. 2026 was €-6,756 Mil.


Warner Music Group  (HAM:WA4) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of 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.

Warner Music Group's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1394.876/1617.952*91
=78.67

2. In Ben Graham's calculation of liquidation value, Warner Music Group's accounts receivable are only considered to be worth 75% of book value:

Warner Music Group's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=536.424-8368.388+0.75 * 1394.876+0.5 * 59.892
=-6,756

* 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 Change In Receivables Related Terms


Warner Music Group Change In Receivables Historical Data

* Premium members only.

The historical data trend for Warner Music Group's Change In Receivables 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.

Warner Music Group Change In Receivables Chart

Warner Music Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -49.30 -196.95 -105.88 -99.11 -51.97

Warner Music Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -47.69 -34.08 -28.18 -122.83 -80.72
HAM:WA4
72GF Score
Warner Music Group Corp HAM:WA4
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Warner Music Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-266 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of €-266 Mil mean?
Warner Music Group (HAM:WA4) has a Change In Receivables of €-266 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Warner Music Group and its competitors.
Is Warner Music Group's Change In Receivables too high?
Warner Music Group's current Change In Receivables is €-266 Mil. Overall, Warner Music Group has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Warner Music Group's Change In Receivables compare to TKO and NWSA?
Warner Music Group's Change In Receivables of €-266 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Media - Diversified company?
A good Change In Receivables depends on the Media - Diversified industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Warner Music Group and its competitors. Warner Music Group's current Change In Receivables is €-266 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warner Music Group stock overvalued right now?
Warner Music Group (HAM:WA4) has a current Change In Receivables of €-266 Mil. The stock's GF Value™ is €30.69, compared to a current price of €22.29 — trading 27.4% below its estimated fair value. The current Change In Receivables is €-266 Mil. Warner Music Group's overall GF Score™ is 72/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For Warner Music Group (HAM:WA4), the current Change In Receivables is €-266 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Warner Music Group (HAM:WA4) Overvalued in 2026?

Based on GuruFocus' analysis, Warner Music Group stock appears to be undervalued. The current stock price of €22.29 is trading 27.4% below its estimated GF Value™ of €30.69.

Key valuation signals for HAM:WA4:

  • Change In Receivables: €-266 Mil
  • GF Value™: €30.69 vs. price of €22.29 (27.4% below fair value)
  • GF Score™: 72/100 with 2 warning signs

No single metric tells the full story. See the HAM:WA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Warner Music Group Business Description

Address 1633 Broadway, New York, NY, USA, 10019
Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.
72GF Score

Get the complete analysis for HAM:WA4

Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€22.29
Price
€30.69
GF Value