Fox Corp Class B (FOX)

Days of sales outstanding (DSO)

		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
Receivables turnover		6.59	4.95	4.35	5.34	5.91	5.61	4.85	6.17	6.85	5.44	4.76	6.23	6.57	5.92	4.60	6.04	6.36	5.78	4.56	6.19
DSO	days	55.35	73.70	83.96	68.41	61.72	65.05	75.25	59.17	53.28	67.08	76.76	58.62	55.58	61.70	79.28	60.44	57.37	63.19	80.02	59.01

June 30, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.59
= 55.35

The data on Fox Corp Class B’s days of sales outstanding (DSO) over the designated reporting periods indicates notable fluctuations with both short-term variability and long-term trends. Initially, as of September 30, 2020, the DSO was approximately 59.01 days, reflecting a moderate collection period. This figure increased significantly by December 31, 2020, reaching 80.02 days, which suggests a slowdown in cash collection efficiency or potential challenges in receivables management during that quarter.

Subsequently, the DSO decreased to 63.19 days by March 31, 2021, and further to 57.37 days by June 30, 2021, indicating an improvement in receivables collection. Throughout the remainder of 2021 and into early 2022, the DSO experienced fluctuations, rising to 79.28 days at the end of 2021 and settling around 61.70 days in March 2022. A declining trend is observable with the DSO reaching as low as 55.58 days as of June 30, 2022.

The subsequent period shows a moderate increase, with the DSO climbing to approximately 58.62 days by September 30, 2022, and further rising to 76.76 days at year-end 2022. The first quarter of 2023 saw a slight decline to 67.08 days, followed by a more pronounced reduction to 53.28 days by June 30, 2023, suggesting improved receivables management during this interval.

However, from mid-2023 onward, the DSO exhibits upward movement again, reaching 59.17 days at the end of September 2023, then rising sharply to 75.25 days at year's end. In early 2024, the DSO remained elevated at 65.05 days in March, decreasing slightly to 61.72 days in June, but then increasing again to 68.41 days in September 2024 and 83.96 days at the end of 2024. The figures for the first half of 2025 reveal continued variability, with the DSO reaching as high as 73.70 days in March 2025 before decreasing to 55.35 days in June 2025.

Overall, the observed data reflect a pattern characterized by cyclical increases and decreases rather than a clear directional trend. The periods of higher DSO, especially those nearing or exceeding 80 days, indicate extended collection periods, which could affect cash flow management. Conversely, lower DSO figures, particularly those around 55-60 days, suggest periods of improved receivable collections and operational efficiency. The variability underscores the importance of ongoing receivables management strategies to maintain optimal cash conversion cycles.