Fox Corp Class B (FOX)

Days of inventory on hand (DOH)

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Inventory turnover		3.88	3.81	2.45	3.46	4.73	5.10	1.87	2.29	2.89	2.87	1.91	1.89	2.94	2.86	1.93	1.53	2.18	2.01	1.19	1.18
DOH	days	94.18	95.86	149.22	105.43	77.09	71.53	195.43	159.38	126.46	127.17	190.98	193.14	124.22	127.56	189.37	238.89	167.80	182.03	307.28	309.38

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.88
= 94.18

The Days of Inventory on Hand (DOH) for Fox Corp Class B has exhibited fluctuations over the past few quarters. The trend indicates that the company has maintained varying levels of inventory relative to its sales.

The DOH ranged between 71.53 days to 195.43 days over the past eight quarters. An upward trend was observed starting from the third quarter of 2019, peaking in the fourth quarter of 2019 at 309.38 days, which may suggest potential inefficiencies in inventory management during that period.

There was a significant decrease in DOH in the first and second quarters of 2020, possibly due to inventory reductions or improved inventory management practices. However, there was a subsequent increase in DOH in the third quarter of 2020, indicating a buildup of inventory relative to sales.

From the third quarter of 2020 to the second quarter of 2024, the DOH remained relatively stable, fluctuating between approximately 94 and 150 days. This stability may indicate a better alignment of inventory levels with sales demand during this period.

Overall, while there have been fluctuations in Fox Corp Class B's DOH, the recent trend suggests that the company has made efforts to manage its inventory levels more effectively. Monitoring future changes in DOH will be important to assess the company's ongoing inventory management efficiency.