Fox Corp Class B (FOX)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	13,995,000	13,934,000	14,571,000	14,954,000	14,913,000	15,016,000	14,351,000	14,150,000	13,974,000	13,546,000	13,397,000	13,140,000	12,909,000	12,437,000	12,662,000	12,353,000	12,303,000	12,398,000	11,710,000	11,515,000
Property, plant and equipment	US$ in thousands	1,696,000	1,672,000	1,676,000	1,683,000	1,708,000	1,675,000	1,680,000	1,681,000	1,682,000	1,646,000	1,650,000	1,656,000	1,708,000	1,626,000	1,606,000	1,539,000	1,498,000	1,386,000	1,330,000	1,314,000
Fixed asset turnover		8.25	8.33	8.69	8.89	8.73	8.96	8.54	8.42	8.31	8.23	8.12	7.93	7.56	7.65	7.88	8.03	8.21	8.95	8.80	8.76

June 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ 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 generally increasing trend over the past few quarters, indicating improved efficiency in generating revenue from its fixed assets. The ratio has ranged from 7.56 to 8.96 over the past eight quarters, with a peak of 8.96 in Mar 31, 2023, and a low of 7.56 in Dec 31, 2020.

The company's ability to generate revenue from its fixed assets has remained relatively high, with the ratio consistently exceeding 8.0 in most quarters. This indicates that Fox Corp Class B is effectively utilizing its fixed assets to generate sales.

Overall, the trend in the fixed asset turnover ratio suggests that Fox Corp Class B has been successful in optimizing the utilization of its fixed assets to drive revenue growth. However, it would be beneficial to continue monitoring this ratio to ensure that operational efficiency is maintained over time.