Fox Corp Class B (FOX)

Payables 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
Payables	US$ in thousands	—	683,000	785,000	686,000	659,000
Payables turnover		—	13.31	12.87	13.82	12.65

June 30, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $—K ÷ $—K
= —

The payables turnover ratio of Fox Corp Class B over the period from June 30, 2021, to June 30, 2024, exhibits a generally stable pattern with slight fluctuations. Specifically, the ratio increased from 12.65 in 2021 to 13.82 in 2022, indicating that the company was paying its suppliers more frequently or effectively managing its accounts payable during that year. Subsequently, the ratio declined marginally to 12.87 in 2023, suggesting a slight elongation in the payment cycle or a modest decrease in payment frequency. In the most recent data for June 30, 2024, the ratio rose again to 13.31, reflecting a slight improvement compared to 2023, but remaining below the peak observed in 2022.

Overall, the payables turnover ratio demonstrates a relatively stable trend, with minor increases and decreases, which can indicate consistent management of trade payables and payables payment practices. The stability may imply that the company maintains a balanced approach to managing its liabilities, not excessively accelerating or delaying payments to suppliers. The absence of data beyond June 2024 limits the ability to assess longer-term trends or predict future changes.