Fox Corp Class B (FOX)

Days of inventory on hand (DOH)

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	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
Inventory turnover		20.28	23.39	8.39	12.00	15.14	14.36	9.79	13.72	18.60	20.60	7.27	9.40	11.98	11.94	7.92	7.65	11.25	11.19	7.61	5.91
DOH	days	18.00	15.61	43.51	30.42	24.11	25.42	37.28	26.61	19.62	17.72	50.18	38.84	30.46	30.56	46.07	47.72	32.45	32.62	47.96	61.80

June 30, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 20.28
= 18.00

The analysis of Fox Corp Class B's days of inventory on hand (DOH) over the observed period reveals significant fluctuations, reflecting changes in inventory management, sales cycles, and operational strategies.

From September 30, 2020, to September 30, 2021, DOH experienced a notable decline, decreasing from approximately 61.80 days to around 47.72 days. This reduction indicates that the company was effectively managing its inventory levels, potentially driven by improved supply chain efficiencies or a strategic effort to reduce excess stock. The peak in inventory reduction occurred during this period, extending through March 31, 2021, with DOH reaching approximately 32.62 days, suggesting a substantial improvement in inventory turnover.

Between September 30, 2021, and March 31, 2022, DOH stabilized at levels close to 30.56 days, maintaining a relatively consistent inventory turnover rate. However, subsequent quarters saw some increases, with DOH rising again to approximately 50.18 days by December 31, 2022, implying a period of inventory build-up or slower sales activity.

The most pronounced fluctuation is observed from March 31, 2023, onward, where DOH notably decreased to approximately 17.72 days, marking an efficient inventory cycle possibly due to sales acceleration, inventory discounts, or operational adjustments. This low level was briefly sustained into June 30, 2023, before rising again to approximately 26.61 days by September 30, 2023. The subsequent quarters reflect an upward trend in DOH, peaking at roughly 43.51 days on December 31, 2024, indicating a potential accumulation of inventory.

Looking forward, projections for March 31, 2025, and June 30, 2025, suggest a tapering of DOH back toward shorter periods, with estimates of approximately 15.61 days and 18.00 days respectively, hinting at ongoing efforts to optimize inventory levels amid changing sales dynamics.

Overall, the data illustrate periods of both inventory tightening and accumulation, likely corresponding to shifts in market conditions, operational strategies, or product lifecycle stages. The significant decreases in DOH indicate periods of high inventory turnover and efficient management, while increases suggest stockpile cycles or slower sales periods. Continuous monitoring and strategic adjustments are essential to sustain optimal inventory levels in line with sales and operational targets.