Stock Analysis on Net

Warner Bros. Discovery Inc. (NASDAQ:WBD)

This company has been moved to the archive! The financial data has not been updated since November 4, 2022.

Analysis of Long-term (Investment) Activity Ratios 
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

Warner Bros. Discovery Inc., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Net fixed asset turnover 5.05 3.45 9.46 9.13 9.08 9.12 9.07 8.85 9.47 9.90 10.69 11.72 12.94 13.28 13.66 13.19 11.86 11.05 8.15 11.51
Total asset turnover 0.19 0.14 0.37 0.35 0.35 0.33 0.32 0.31 0.32 0.33 0.33 0.33 0.34 0.32 0.34 0.32 0.29 0.26 0.22 0.30
Equity turnover 0.54 0.38 1.05 1.05 1.02 0.98 1.00 1.02 1.06 1.09 1.17 1.13 1.16 1.14 1.26 1.26 1.18 1.09 0.96 1.49

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Warner Bros. Discovery Inc. net fixed asset turnover ratio deteriorated from Q1 2022 to Q2 2022 but then slightly improved from Q2 2022 to Q3 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Warner Bros. Discovery Inc. total asset turnover ratio deteriorated from Q1 2022 to Q2 2022 but then slightly improved from Q2 2022 to Q3 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Warner Bros. Discovery Inc. equity turnover ratio deteriorated from Q1 2022 to Q2 2022 but then slightly improved from Q2 2022 to Q3 2022.

Net Fixed Asset Turnover

Warner Bros. Discovery Inc., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Revenues 9,823 9,827 3,159 3,187 3,150 3,062 2,792 2,886 2,561 2,541 2,683 2,874 2,678 2,885 2,707 2,809 2,592 2,845 2,307 1,864 1,651 1,745 1,613
Property and equipment, net 5,143 5,597 1,328 1,336 1,310 1,239 1,189 1,206 1,125 1,088 1,040 951 856 828 802 800 810 784 928 597 523 514 504
Long-term Activity Ratio
Net fixed asset turnover1 5.05 3.45 9.46 9.13 9.08 9.12 9.07 8.85 9.47 9.90 10.69 11.72 12.94 13.28 13.66 13.19 11.86 11.05 8.15 11.51
Benchmarks
Net Fixed Asset Turnover, Competitors2
Alphabet Inc. 2.60 2.62 2.59 2.64 2.53 2.40 2.25 2.15 2.10 2.11 2.17 2.20
Comcast Corp. 2.26 2.27 2.23 2.15 2.15 2.07 1.99 1.99 2.07 2.15 2.24 2.25
Meta Platforms Inc. 1.60 1.77 1.94 2.04 2.09 2.06 1.98 1.88 1.87 1.93 1.98 2.00
Netflix Inc. 22.93 22.78 21.97 22.44 23.47 24.91 25.99 26.03 28.76 30.09 32.90 35.66
Walt Disney Co. 2.42 2.33 2.23 2.07 1.96 1.82 1.88 2.04 2.19 2.43 2.36 2.20

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q3 2022 Calculation
Net fixed asset turnover = (RevenuesQ3 2022 + RevenuesQ2 2022 + RevenuesQ1 2022 + RevenuesQ4 2021) ÷ Property and equipment, net
= (9,823 + 9,827 + 3,159 + 3,187) ÷ 5,143 = 5.05

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Warner Bros. Discovery Inc. net fixed asset turnover ratio deteriorated from Q1 2022 to Q2 2022 but then slightly improved from Q2 2022 to Q3 2022.

Total Asset Turnover

Warner Bros. Discovery Inc., total asset turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Revenues 9,823 9,827 3,159 3,187 3,150 3,062 2,792 2,886 2,561 2,541 2,683 2,874 2,678 2,885 2,707 2,809 2,592 2,845 2,307 1,864 1,651 1,745 1,613
Total assets 136,049 142,240 33,799 34,427 34,318 34,572 33,625 34,087 33,438 33,089 33,390 33,735 32,825 33,845 32,444 32,550 32,912 33,492 34,658 22,555 23,143 16,149 15,862
Long-term Activity Ratio
Total asset turnover1 0.19 0.14 0.37 0.35 0.35 0.33 0.32 0.31 0.32 0.33 0.33 0.33 0.34 0.32 0.34 0.32 0.29 0.26 0.22 0.30
Benchmarks
Total Asset Turnover, Competitors2
Alphabet Inc. 0.79 0.78 0.76 0.72 0.69 0.66 0.60 0.57 0.57 0.60 0.61 0.59
Comcast Corp. 0.48 0.46 0.44 0.42 0.41 0.39 0.37 0.38 0.39 0.40 0.41 0.41
Meta Platforms Inc. 0.66 0.70 0.73 0.71 0.66 0.61 0.58 0.54 0.54 0.54 0.53 0.53
Netflix Inc. 0.66 0.67 0.67 0.67 0.67 0.67 0.66 0.64 0.62 0.61 0.61 0.59
Walt Disney Co. 0.40 0.38 0.36 0.33 0.31 0.29 0.30 0.32 0.34 0.38 0.37 0.36

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q3 2022 Calculation
Total asset turnover = (RevenuesQ3 2022 + RevenuesQ2 2022 + RevenuesQ1 2022 + RevenuesQ4 2021) ÷ Total assets
= (9,823 + 9,827 + 3,159 + 3,187) ÷ 136,049 = 0.19

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Warner Bros. Discovery Inc. total asset turnover ratio deteriorated from Q1 2022 to Q2 2022 but then slightly improved from Q2 2022 to Q3 2022.

Equity Turnover

Warner Bros. Discovery Inc., equity turnover calculation (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Selected Financial Data (US$ in millions)
Revenues 9,823 9,827 3,159 3,187 3,150 3,062 2,792 2,886 2,561 2,541 2,683 2,874 2,678 2,885 2,707 2,809 2,592 2,845 2,307 1,864 1,651 1,745 1,613
Total Warner Bros. Discovery, Inc. stockholders’ equity 48,517 51,383 11,969 11,599 11,611 11,538 10,815 10,464 10,087 9,867 9,470 9,891 9,518 9,621 8,708 8,386 8,116 7,936 7,889 4,610 5,740 5,526 5,335
Long-term Activity Ratio
Equity turnover1 0.54 0.38 1.05 1.05 1.02 0.98 1.00 1.02 1.06 1.09 1.17 1.13 1.16 1.14 1.26 1.26 1.18 1.09 0.96 1.49
Benchmarks
Equity Turnover, Competitors2
Alphabet Inc. 1.11 1.09 1.06 1.02 0.98 0.93 0.86 0.82 0.81 0.80 0.82 0.80
Comcast Corp. 1.51 1.33 1.27 1.21 1.19 1.15 1.13 1.15 1.21 1.26 1.33 1.32
Meta Platforms Inc. 0.95 0.95 0.97 0.94 0.84 0.76 0.71 0.67 0.67 0.68 0.70 0.70
Netflix Inc. 1.53 1.63 1.73 1.87 1.87 1.99 2.05 2.26 2.31 2.42 2.55 2.66
Walt Disney Co. 0.88 0.85 0.81 0.76 0.73 0.68 0.72 0.78 0.81 0.87 0.84 0.78

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

1 Q3 2022 Calculation
Equity turnover = (RevenuesQ3 2022 + RevenuesQ2 2022 + RevenuesQ1 2022 + RevenuesQ4 2021) ÷ Total Warner Bros. Discovery, Inc. stockholders’ equity
= (9,823 + 9,827 + 3,159 + 3,187) ÷ 48,517 = 0.54

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Warner Bros. Discovery Inc. equity turnover ratio deteriorated from Q1 2022 to Q2 2022 but then slightly improved from Q2 2022 to Q3 2022.