Fox Corp Class B (FOX)

Number of days of payables

		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
Payables turnover		8.19	—	—	13.90	13.88	12.57	10.33	12.14	12.87	12.00	9.83	13.18	13.82	12.26	11.80	12.65	12.44	12.26	4.68	14.33
Number of days of payables	days	44.59	—	—	26.25	26.30	29.04	35.34	30.08	28.37	30.41	37.13	27.68	26.41	29.78	30.94	28.84	29.34	29.77	78.06	25.48

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.19
= 44.59

The analysis of Fox Corp Class B's number of days of payables over the specified periods reveals notable fluctuations and trends. Starting from September 30, 2020, the payables period was approximately 25.48 days, indicating a relatively prompt payment cycle. A significant increase occurred by December 31, 2020, when the days of payables surged to approximately 78.06 days, reflecting a substantial extension in the time taken to settle liabilities.

Throughout 2021, the payables period remained relatively stable, fluctuating slightly around the high twenties to low thirties days—specifically, 29.77 days in March 2021 and 30.94 days in December 2021—suggesting a period of consistency in payment practices. The first half of 2022 demonstrated a similar pattern, with values around 29.78 days in March 2022 and a slight decrease to 26.41 days by June 2022.

In the latter part of 2022, the days of payables increased again, reaching a peak of 37.13 days in December 2022. The first quarter of 2023 maintained a similar level at approximately 30.41 days, with a slight reduction to 28.37 days in June 2023. The third quarter of 2023 saw the payables period stabilize around 30.08 days, before slightly increasing to 35.34 days by the end of 2023.

For the first half of 2024, the numbers decreased again, with March showing roughly 29.04 days and June decreasing further to approximately 26.30 days. By September 2024, the payables period was approximately 26.25 days, indicating a shorter cycle compared to late 2022 and early 2023. However, data beyond September 2024 is unavailable, and the next entry for June 2025 reports a significant increase to 44.59 days, which may suggest a change in payment policies, liquidity conditions, or supplier negotiations.

Overall, the trend shows periods of both extended and shortened payables days, with notable spikes towards the end of 2020 and 2022, and a general decrease in shorter periods in mid-2024. The recent upward trend in the final measurement indicates a possible shift towards longer payment cycles, warranting further examination of underlying operational or strategic changes affecting Fox Corp's accounts payable management.