Warner Music Group's (NASDAQ:WMG) Returns On Capital Are Heading Higher [Yahoo! Finance]
Warner Music Group Corp. - Class A (WMG)
Company Research
Source: Yahoo! Finance
In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So on that note, Warner Music Group NASDAQ:WMG ) looks quite promising in regards to its trends of return on capital. Understanding Return On Capital Employed (ROCE) For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Warner Music Group, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.18 = US$942m ÷ (US$9.0b - US$3.7b) (Based on the trailing twelve months to December 2023) Thus, Warner Music Group has an ROCE of 18%. In absolute terms, that's a satisfactory return, but compared to
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WMG
News
- Will.i.am Joins Uproxx Studios As Partner And Investor, Which Is A Result Of An Acquisition Of Uproxx, HipHopDX, And More From WMG [Yahoo! Finance]Yahoo! Finance
- Believe Reports Strong $248M in Quarterly Revenue Despite Slower Organic Growth [Yahoo! Finance]Yahoo! Finance
- will.i.am Partners With Media Moguls To Launch UPROXX Studios [Forbes]Forbes
- UPROXX Studios Blazes Independent Path [Yahoo! Finance]Yahoo! Finance
- Is Now An Opportune Moment To Examine Warner Music Group Corp. (NASDAQ:WMG)? [Yahoo! Finance]Yahoo! Finance
WMG
Earnings
- 2/7/24 - Miss
WMG
Sec Filings
- 3/8/24 - Form 8-K
- 3/7/24 - Form 4
- 3/7/24 - Form 4
- WMG's page on the SEC website