WMG (Warner Music Group) Days Payable : 24.39 (As of Dec. 2024)

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What is Warner Music Group Days Payable?

Warner Music Group's average Accounts Payable for the three months ended in Dec. 2024 was $239 Mil. Warner Music Group's Cost of Goods Sold for the three months ended in Dec. 2024 was $894 Mil. Hence, Warner Music Group's Days Payable for the three months ended in Dec. 2024 was 24.39.

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

WMG' s Days Payable Range Over the Past 10 Years
Min: 26.65 Med: 39.63 Max: 46.86
Current: 26.65

During the past 13 years, Warner Music Group's highest Days Payable was 46.86. The lowest was 26.65. And the median was 39.63.

WMG's Days Payable is ranked worse than
83.49% of 945 companies
in the Media - Diversified industry
Industry Median: 83.76 vs WMG: 26.65

Warner Music Group's Days Payable declined from Dec. 2023 (28.31) to Dec. 2024 (24.39). It may suggest that Warner Music Group accelerated paying its suppliers.

Warner Music Group Days Payable Historical Data

The historical data trend for Warner Music Group's Days Payable 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.

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Warner Music Group Days Payable Chart

Warner Music Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Days Payable

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40.99

37.67

33.77

32.63

32.04

Warner Music Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															28.31	31.84	27.81	26.12	24.39

Competitive Comparison of Warner Music Group's Days Payable

For the Entertainment subindustry, Warner Music Group's Days Payable, along with its competitors' market caps and Days Payable 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's Days Payable Distribution in the Media - Diversified Industry

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

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

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Warner Music Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Warner Music Group's Days Payable for the fiscal year that ended in Sep. 2024 is calculated as

	Days Payable (A: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2023 )	+	Accounts Payable (A: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2024 )	*	Days in Period
=	( (300	+	289)	/	2 )	/	3355	*	365
=	294.5					/	3355	*	365
=	32.04

Warner Music Group's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (289	+	189)	/	2 )	/	894	*	365 / 4
=	239					/	894	*	365 / 4
=	24.39

Warner Music Group Days Payable Related Terms

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Warner Music Group Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

WA4:Germany WA4:Germany W1MG34:Brazil WMG:Austria

Address

1633 Broadway, New York, NY, USA, 10019

Website

https://www.wmg.com

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.

Executives

Valentin Blavatnik	director	C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Timothy Matusch	officer: EVP Strategy & Operations	C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Maria Osherova	officer: EVP, Chief Human Res. Officer	C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Lincoln E Benet	director	C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Max Lousada	director, officer: CEO, Recorded Music	C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Carletta Higginson	officer: EVP, Chief Digital Officer	C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Bryan Castellani	officer: Chief Financial Officer	C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Entertainment Holdings Ii Llc	10 percent owner	40 WEST 57TH STREET, 28TH FLOOR, NEW YORK NY 10019
Robert Kyncl	officer: Co-CEO	C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Nancy Dubuc	director	C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Ai Entertainment Holdings Llc	10 percent owner	C/O ACCESS INDUSTRIES, LLC, 40 WEST 57TH ST, 28TH FLR, NEW YORK NY 10019
Louis Dickler	officer: Acting CFO & Corp. Contr.	C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Thomas H Lee	director	C/O THOMAS H. LEE CAPITAL LLC, 767 FIFTH AVENUE, 6TH FLOOR, NEW YORK NY 10153
Michael Lynton	director	2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067
Ynon Kreiz	director	333 CONTINENTAL BOULEVARD, M1: 1518, EL SEGUNDO CA 90245