Warner Music Group (STU:WA4) Total Inventories : €80 Mil (As of Dec. 2024)

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What is Warner Music Group Total Inventories?

Warner Music Group's total inventories for the quarter that ended in Dec. 2024 was €80 Mil. Warner Music Group's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was €85 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Warner Music Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was €-12.60.

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 three months ended in Dec. 2024 was 9.05.

Inventory Turnover measures how fast the company turns over its inventory within a year. Warner Music Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 10.08.

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 quarter that ended in Dec. 2024 was 0.05.

Warner Music Group Total Inventories Historical Data

The historical data trend for Warner Music Group's Total Inventories 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 Total Inventories Chart

Warner Music Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Total Inventories

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67.07

84.15

109.08

118.06

89.20

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
Total Inventories	Get a 7-Day Free Trial															97.20	89.24	85.47	89.20	80.22

Warner Music Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Warner Music Group (STU:WA4) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Warner Music Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(765.91	+	0.75 * 1146.955	+	0.5 * 80.22	-	8068.795
-	0	-	145.16)	/	519.681
=	-12.60

2. 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 three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	84.7095	/	853.77	*	365 / 4
	=	9.05

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

Warner Music Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	853.77	/	84.7095
	=	10.08

4. 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 quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	84.7095	/	1591.03
	=	0.05

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Warner Music Group Total Inventories Related Terms

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Warner Music Group Business Description

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Comparable Companies

Traded in Other Exchanges

WMG:USA 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.

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