WMG has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
WMG has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Warner Music Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 23.72%.
The historical data trend for Warner Music Group's ROCE % 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 Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
ROCE % | Get a 7-Day Free Trial | 13.26 | -9.29 | 14.91 | 20.30 | 15.85 |
Warner Music Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROCE % | Get a 7-Day Free Trial | 17.65 | 7.74 | 16.94 | 20.11 | 23.72 |
Warner Music Group's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:
ROCE % | = | EBIT | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(A: Sep. 2023 ) | (A: Sep. 2022 ) | (A: Sep. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(A: Sep. 2023 ) | (A: Sep. 2022 ) | (A: Sep. 2023 ) | |||||
= | 750 | / | ( ( (7828 - 3368) | + | (8545 - 3539) ) | / 2 ) | |
= | 750 | / | ( (4460 | + | 5006) | / 2 ) | |
= | 750 | / | 4733 | ||||
= | 15.85 % |
Warner Music Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:
ROCE % | = | EBIT (1) | / | ( (Capital Employed | + | Capital Employed) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | EBIT | / | ( ( (Total Assets - Total Current Liabilities) | + | (Total Assets - Total Current Liabilities) ) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 1216 | / | ( ( (8545 - 3539) | + | (8991 - 3745) ) | / 2 ) | |
= | 1216 | / | ( ( 5006 | + | 5246 ) | / 2 ) | |
= | 1216 | / | 5126 | ||||
= | 23.72 % |
(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.
* 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) ROCE % Explanation
ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.
Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.
Thank you for viewing the detailed overview of Warner Music Group's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
Valentin Blavatnik | director | 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 |
Lincoln E Benet | director | C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA |
Timothy Matusch | officer: EVP Strategy & Operations | C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, 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 |
Noreena Hertz | director | C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019 |
Cecelia Kurzman | director | 237 PARK AVENUE, REVLON, 14TH FLOOR, NEW YORK NY 10017 |
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 |
From GuruFocus
By GuruFocus Research • 10-03-2023
By GuruFocus Research • 11-22-2023
By PRNewswire • 10-10-2023
By sperokesalga sperokesalga • 04-27-2023
By Marketwired • 08-14-2023
By GlobeNewswire GlobeNewswire • 05-15-2023
By sperokesalga sperokesalga • 02-16-2023
By Stock market mentor Stock market mentor • 02-01-2023
By PRNewswire PRNewswire • 02-15-2023
By PRNewswire • 07-18-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.