Fox Corp Class B (FOX)

Inventory turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cost of revenue	US$ in thousands	—	9,089,000	10,100,000	9,480,000	8,337,000
Inventory	US$ in thousands	432,000	626,000	543,000	791,000	729,000
Inventory turnover		0.00	14.52	18.60	11.98	11.44

June 30, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $—K ÷ $432,000K
= 0.00

The inventory turnover ratio for Fox Corp Class B has demonstrated fluctuations over the analyzed period from June 30, 2021, to June 30, 2025. In fiscal year 2021, the ratio stood at 11.44, indicating that the company recycled its average inventory approximately 11.44 times during the year. This slightly increased to 11.98 in 2022, reflecting a marginal improvement in inventory management efficiency.

A significant rise occurred in 2023, when the ratio surged to 18.60. This jump suggests a notable enhancement in inventory turnover, possibly due to more effective inventory control, increased sales, or a strategic shift towards more rapid inventory liquidity. Conversely, in 2024, the ratio decreased to 14.52, indicating a slowdown in inventory turnover compared to the previous year, which may imply either buildup of inventory, decreased sales velocity, or operational adjustments.

By 2025, the inventory turnover ratio dropped to zero. This could potentially represent a termination of inventory activities, seasonal factors, data omission, or transition to a different inventory accounting approach. Additional context would be necessary to clarify this decline, but it signifies a marked departure from previous levels, highlighting an anomalous or exceptional situation in that fiscal period.