Fox Corp Class B (FOX)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,300,000 | 16,105,000 | 15,181,000 | 14,337,000 | 13,980,000 | 13,920,000 | 14,557,000 | 14,928,000 | 14,913,000 | 14,914,000 | 14,285,000 | 14,121,000 | 13,974,000 | 13,831,000 | 13,591,000 | 13,237,000 | 12,909,000 | 12,437,000 | 12,662,000 | 12,353,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | 2,614,000 | 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 | 2,044,000 |
| Fixed asset turnover | — | — | — | — | — | — | — | 5.71 | 8.73 | 8.90 | 8.50 | 8.40 | 8.31 | 8.40 | 8.24 | 7.99 | 7.56 | 7.65 | 7.88 | 6.04 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $16,300,000K ÷ $—K
= —
The fixed asset turnover ratio for Fox Corp Class B exhibited an overall upward trend from September 30, 2020, to March 31, 2023. Starting at 6.04 in September 2020, the ratio gradually increased over the subsequent quarters, reaching 8.90 by March 31, 2023. This progression indicates an improvement in the company's efficiency in generating revenue from its fixed assets during this period. The ratio remained relatively stable between March and September 2022, with values around 8.31 to 8.40, reflecting consistent utilization levels.
However, a significant decline is observed in the ratio as of September 30, 2023, when it dropped to 5.71. This decrease suggests a deterioration in asset utilization efficiency, possibly due to higher asset base growth not matched by proportional revenue increases, or a decline in revenue generating capacity relative to fixed assets. The decline is notable compared to the previous substantial peaks, marking a shift in operational efficiency.
The data beyond September 2023 are not available, limiting further analysis of recent trends. Overall, the pattern indicates a period of efficiency improvement leading up to early 2023, followed by a sharp decline in late 2023, which warrants further investigation into underlying operational or strategic changes during this timeframe.
Peer comparison
Jun 30, 2025