Warner Music Group (BSP:W1MG34) Receivables Turnover : 1.33 (As of Jun. 2024)

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What is Warner Music Group Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Warner Music Group's Revenue for the three months ended in Jun. 2024 was R$8,370 Mil. Warner Music Group's average Accounts Receivable for the three months ended in Jun. 2024 was R$6,271 Mil. Hence, Warner Music Group's Receivables Turnover for the three months ended in Jun. 2024 was 1.33.

Warner Music Group Receivables Turnover Historical Data

The historical data trend for Warner Music Group's Receivables Turnover 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 Receivables Turnover Chart

Warner Music Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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7.33

6.55

6.51

6.47

5.58

Warner Music Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															1.42	1.43	1.50	1.26	1.33

Competitive Comparison of Warner Music Group's Receivables Turnover

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

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

* The bar in red indicates where Warner Music Group's Receivables Turnover falls into.

Warner Music Group Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	29814.932	/ (	(5159.702	+	5531.344)	/	2 )
=	29814.932	/	5345.523
=	5.58

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

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	8369.999	/ (	(5960.821	+	6581.814)	/	2 )
=	8369.999	/	6271.3175
=	1.33

Warner Music Group (BSP:W1MG34) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Warner Music Group Receivables Turnover Related Terms

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Warner Music Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Warner Music Group Corp (BSP:W1MG34) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

WMG:USA WA4:Germany WMG:Austria

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.

Warner Music Group Headlines

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