Fox Corp Class B (FOX)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,759,000 | 10,641,000 | 9,824,000 | 9,538,000 | 9,478,000 | 9,477,000 | 10,162,000 | 10,303,000 | 10,100,000 | 10,033,000 | 9,456,000 | 9,585,000 | 9,480,000 | 9,388,000 | 9,095,000 | 8,681,000 | 8,199,000 | 7,664,000 | 7,762,000 | 7,507,000 |
| Payables | US$ in thousands | 1,070,000 | — | — | 686,000 | 683,000 | 754,000 | 984,000 | 849,000 | 785,000 | 836,000 | 962,000 | 727,000 | 686,000 | 766,000 | 771,000 | 686,000 | 659,000 | 625,000 | 1,660,000 | 524,000 |
| 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 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,759,000K ÷ $1,070,000K
= 8.19
The payables turnover ratio for Fox Corp Class B exhibits notable fluctuations over the analyzed period. Starting from a high of 14.33 times on September 30, 2020, the ratio experienced a significant decline to 4.68 on December 31, 2020. This sharp decrease may indicate a slowdown in paying suppliers or an increase in accounts payable relative to cost of goods sold during that quarter. Subsequently, the ratio recovered to 12.26 by March 31, 2021, and remained relatively stable throughout the following quarters, oscillating around 12 to 13.86 times. For instance, it reached a peak of 13.88 on June 30, 2024, reflecting a period of efficient payables management or possibly faster payment cycles relative to the company's costs.
However, the ratio demonstrates a downward trend again in late 2024, with the December 31, 2024 ratio recorded as inconclusive or missing, and a notable decline to 8.19 on June 30, 2025. This decrease might suggest extended payment terms, potential liquidity constraints, or changes in supplier relationships during that timeframe.
Overall, the payables turnover ratio indicates periods of both efficiency and slowdown in paying suppliers, with a general trend towards stabilization around 12 times in recent quarters. Variations in this ratio highlight the company's evolving approach to managing its trade payables, influenced by internal strategies, operational needs, or market conditions.
Peer comparison
Jun 30, 2025