Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Warner Music Group Corp. (WMG) had Return on Tangible Equity of -12.39% for the most recently reported fiscal year, ending 2024-09-30.

Quarterly Annual

Figures for fiscal year ending 2024-09-30

Income Statement Financials
Revenue	$6.43B
Net Income	$435.00M
Cost of Goods Sold	$3.35B
Gross Profit	$3.07B
Operating Expenses	$5.60B
Operating Income	$823.00M
Non-Operating Income/Expense	$-222.00M
Pre-Tax Income	$601.00M
Normalized Pre-Tax Income	$601.00M
Income after Taxes	$478.00M
Income from Continuous Operations	$478.00M
Consolidated Net Income/Loss	$478.00M
Normalized Income after Taxes	$478.00M
EBIT	$823.00M
EBITDA	$1.15B
Weighted-Average Shares Outstanding (Basic)	517.52M
Weighted-Average Shares Outstanding (Diluted)	517.52M
Earnings per Share (EPS) (Basic)	$0.84
Earnings per Share (EPS) (Diluted)	$0.84
Balance Sheet Financials
Current Assets	$2.64B
Property, Plant, and Equipment	$481.00M
Long-Term Assets	$6.51B
Total Assets	$9.15B
Current Liabilities	$3.90B
Long-Term Debt	$4.01B
Long-Term Liabilities	$4.58B
Total Liabilities	$8.48B
Common Equity	$675.00M
Tangible Shareholders Equity	$-3.86B
Shareholders Equity	$675.00M
Common Shares Outstanding	517.94M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$754.00M
Cash Flow from Investing Activities	$-311.00M
Cash Flow from Financial Activities	$-396.00M
Beginning Cash	$641.00M
End Cash	$694.00M
Increase/Decrease in Cash	$53.00M
Stock-Based Compensation	$52.00M
Common Stock Dividends Paid	$-361.00M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	0.68
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.86
Debt to Equity Ratio	5.95
Gross Margin	47.79%
Operating Margin	12.81%
EBIT Margin	12.81%
EBITDA Margin	17.90%
Pre-Tax Profit Margin	9.35%
Profit Margin	6.77%
Free Cash Flow	$638.00M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.70
Inventory Turnover	33.89
Receiveable Turnover	5.12
Days Sales in Receivables	71.28
Return on Equity	70.81%
Return on Tangible Equity	-12.39%
Return on Assets	5.22%
Return on Investments	10.19%
Book Value Per Share	$1.30
Free Cash Flow per Share	$1.23
Operating Cash Flow per Share	$1.46

Data from Zacks Investment Research, Inc.