Fox Corp Class B (FOX)

Fixed asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	13,995,000	14,913,000	13,974,000	12,909,000	12,303,000
Property, plant and equipment	US$ in thousands	1,696,000	1,708,000	1,682,000	1,708,000	1,498,000
Fixed asset turnover		8.25	8.73	8.31	7.56	8.21

June 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $13,995,000K ÷ $1,696,000K
= 8.25

The fixed asset turnover ratio for Fox Corp Class B has shown a fluctuating trend over the past five years. It stood at 8.25 in 2024, which indicates that for every dollar invested in fixed assets, the company generated $8.25 in revenue. This ratio decreased from the previous year's figure of 8.73 in 2023, suggesting a less effective utilization of fixed assets to generate revenue.

Although the ratio in 2024 is lower compared to 2023, it is still relatively high and indicates that Fox Corp is efficiently using its fixed assets to generate sales. The company has maintained a consistently high fixed asset turnover ratio over the past five years, which reflects strong operational efficiency and effective management of its fixed assets to drive revenue generation.

Overall, despite the slight decrease in the fixed asset turnover ratio in 2024, Fox Corp Class B has demonstrated a consistent ability to generate revenue efficiently from its investment in fixed assets. Further analysis of the company's operational strategies and investment in fixed assets may provide additional insights into its performance and competitiveness in the industry.