Fox Corp Class B (FOX)
Activity ratios
Short-term
Turnover ratios
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | |
|---|---|---|---|---|---|
| Inventory turnover | 0.00 | 14.52 | 18.60 | 11.98 | 11.44 |
| Receivables turnover | 6.59 | 5.91 | 6.85 | 6.57 | 6.36 |
| Payables turnover | — | 13.31 | 12.87 | 13.82 | 12.65 |
| Working capital turnover | 2.95 | 3.07 | 4.27 | 2.33 | 2.25 |
The activity ratios for Fox Corp Class B over the period from June 30, 2021, to June 30, 2025, exhibit several notable trends and fluctuations:
Inventory Turnover:
- The inventory turnover ratio increased from 11.44 in 2021 to 11.98 in 2022, indicating a slightly more efficient inventory management environment during this period.
- It experienced a significant jump to 18.60 in 2023, reflecting a substantial improvement in inventory turnover and implying that inventory was being sold and replenished more rapidly.
- In 2024, the ratio declined to 14.52, suggesting a moderation in inventory turnover efficiency after the peak in 2023.
- By 2025, the data shows an abrupt drop to 0.00, which may represent missing data, a reporting anomaly, or an indication that inventory activities ceased or are not accounted for in this period.
Receivables Turnover:
- The receivables turnover maintained a relatively steady increase over the period, rising from 6.36 in 2021 to 6.85 in 2023.
- A slight decrease to 5.91 occurred in 2024, indicating a marginal decline in the efficiency of collecting receivables.
- In 2025, the ratio increased again to 6.59, suggesting a recovery or improvement in receivables collection efficiency relative to the previous year.
Payables Turnover:
- The payables turnover ratio increased from 12.65 in 2021 to 13.82 in 2022, then slightly declined to 12.87 in 2023.
- It increased marginally again to 13.31 in 2024.
- Data for 2025 is unavailable or not reported, restricting analysis of trends beyond 2024.
- Overall, this ratio indicates Fox has maintained relatively stable payment practices with a slight upward trend, reflecting a consistent approach to settling payables.
Working Capital Turnover:
- The ratio saw incremental growth from 2.25 in 2021 to 2.33 in 2022.
- A significant jump to 4.27 occurred in 2023, marking a notable increase in the efficiency of utilizing working capital to generate sales.
- There was a decline to 3.07 in 2024, suggesting a slowdown in working capital efficiency.
- It remained relatively stable at 2.95 in 2025, indicating a slight stabilization after the fluctuations.
Summary:
Overall, Fox Corp Class B's activity ratios illustrate a period of improving inventory management culminating in 2023, followed by a decline or stabilization in subsequent years. Receivables collection efficiency shows a generally upward trend with minor fluctuations. The payables turnover has remained relatively stable, indicating consistent supplier payment practices. The working capital turnover experienced a significant peak in 2023, aligning with increased operational efficiency, then moderated in the following years. The abrupt data gap in inventory turnover for 2025 warrants caution, as it limits a complete analysis for that year.
Average number of days
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 25.14 | 19.62 | 30.46 | 31.92 |
| Days of sales outstanding (DSO) | days | 55.35 | 61.72 | 53.28 | 55.58 | 57.37 |
| Number of days of payables | days | — | 27.43 | 28.37 | 26.41 | 28.85 |
The activity ratios for Fox Corp Class B, as measured by Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables, demonstrate trends indicative of operational efficiency and cash flow management over the period from 2021 to 2024, with data for 2025 unavailable.
Days of Inventory on Hand (DOH):
The DOH decreased from 31.92 days in June 2021 to 19.62 days in June 2023, signaling a significant improvement in inventory turnover. This reduction suggests that the company has become more efficient in managing and selling its inventory, reducing the holding period and potentially lowering storage costs and obsolescence risk. However, in the subsequent year, DOH increased to 25.14 days in June 2024, indicating a slight slowdown in inventory turnover, which could reflect strategic inventory buildup or supply chain considerations.
Days of Sales Outstanding (DSO):
DSO remained relatively stable between 57.37 days in 2021 and 53.28 days in 2023, with a slight decrease over this period, reflecting consistent collection periods and potentially effective receivables management. In 2024, DSO rose to 61.72 days, indicating that the company was taking longer to collect receivables, which could affect liquidity and working capital. The increase in DSO warrants ongoing monitoring as it may impact cash flow if the trend persists.
Number of Days of Payables:
The data shows a decrease in Days of Payables from 28.85 days in 2021 to 26.41 days in 2022, with a slight increase to 28.37 days in 2023, indicating a relatively stable approach to settling payables. The data for 2024 is not available, leaving the trend undetermined. The stability suggests consistent payment policies to suppliers, balancing the need to manage cash flow effectively with maintaining good supplier relationships.
Summary:
Overall, Fox Corp Class B has demonstrated a marked improvement in inventory management between 2021 and 2023, while receivables collection remained fairly consistent until a deterioration was observed in 2024. The payables period has been relatively stable, reflecting consistent short-term liability management. The increase in DSO in 2024 suggests a potential shift in receivables collection dynamics, possibly impacting liquidity. Continued monitoring of these activity ratios is recommended to assess operational efficiency and cash flow implications moving forward.
See also:
Long-term
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 8.73 | 8.31 | 7.56 |
| Total asset turnover | 0.70 | 0.64 | 0.68 | 0.63 | 0.56 |
The analysis of Fox Corp Class B’s long-term activity ratios reveals insightful trends over the periods assessed. The Fixed Asset Turnover ratio demonstrates a steady improvement from 7.56 times as of June 30, 2021, to 8.31 times on June 30, 2022, and further to 8.73 times on June 30, 2023. This indicates an increasing efficiency in utilizing fixed assets to generate sales during these years. The absence of data beyond June 30, 2023, precludes assessment of subsequent periods, but the upward trend suggests continued or sustained asset efficiency in the short term.
Similarly, the Total Asset Turnover ratio displays an upward trajectory from 0.56 times in 2021 to 0.63 times in 2022, and further to 0.68 times in 2023. This indicates an improving overall efficiency in employing total assets to generate revenue. The ratios for 2024 and 2025 continue this positive trend, reaching 0.64 and 0.70 respectively, implying ongoing enhancements in asset utilization, although at a slightly moderated rate of increase compared to prior years.
Overall, the data suggests that Fox Corp Class B has been progressively enhancing its efficiency in deploying both fixed and total assets to generate sales. The upward movement in these activity ratios can be indicative of effective asset management and operational improvements, contributing to better asset utilization over the analyzed period.