Fox Corp Class B (FOX)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.92 | 6.85 | 6.57 | 6.36 | 6.52 | |
| DSO | days | 61.65 | 53.28 | 55.58 | 57.37 | 56.01 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.92
= 61.65
The Days of Sales Outstanding (DSO) for Fox Corp Class B have shown a fluctuating trend over the past five years. In the most recent fiscal year ending June 30, 2024, the DSO stood at 61.65 days, indicating that, on average, it takes approximately 61.65 days for the company to collect its accounts receivable.
Compared to the previous years, the DSO was relatively higher in 2024. The DSO was at its lowest in 2023 at 53.28 days, showing efficient collection of accounts receivable, while in 2022 and 2021, the DSO was slightly higher at 55.58 days and 57.37 days, respectively. In 2020, the DSO was 56.01 days.
The increase in DSO in the latest year could suggest potential delays in collecting receivables, which may impact the company's cash flow and liquidity position. It is important for Fox Corp Class B to monitor and manage its accounts receivable effectively to ensure timely collection and optimal working capital management.
Peer comparison
Jun 30, 2024