Fox Corp Class B (FOX)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	2,426,000	2,513,000	2,539,000	2,600,000	2,571,000	2,485,000	2,428,000	2,336,000	2,283,000	2,256,000	2,194,000	2,145,000	2,142,000	1,960,000	1,966,000	1,942,000	1,862,000	1,947,000	1,834,000	1,726,000
Inventory	US$ in thousands	626,000	660,000	1,038,000	751,000	543,000	487,000	1,300,000	1,020,000	791,000	786,000	1,148,000	1,135,000	729,000	685,000	1,020,000	1,271,000	856,000	971,000	1,544,000	1,463,000
Inventory turnover		3.88	3.81	2.45	3.46	4.73	5.10	1.87	2.29	2.89	2.87	1.91	1.89	2.94	2.86	1.93	1.53	2.18	2.01	1.19	1.18

June 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,426,000K ÷ $626,000K
= 3.88

The inventory turnover of Fox Corp Class B has exhibited fluctuations over the recent quarters. Inventory turnover measures how efficiently a company manages its inventory by showing how many times a company's average inventory is sold or replaced over a certain period.

Looking at the trend, we observe that the inventory turnover ratio has varied between 1.18 and 5.10 across the last 20 quarters. A higher inventory turnover ratio indicates that the company is selling its inventory more quickly, which is generally considered a positive sign as it implies efficient inventory management.

In the most recent quarter, the inventory turnover ratio stood at 3.88, which suggests that Fox Corp Class B's inventory turnover has improved compared to the preceding quarter. However, it is important to note that the ratio should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's overall performance and operational efficiency.

It would be advisable for stakeholders to continue monitoring the inventory turnover ratio in conjunction with other financial indicators to assess the company's ability to efficiently manage its inventory levels and convert them into sales.