Fox Corp Class B (FOX)

Activity ratios

Short-term

Turnover ratios

	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
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
Receivables turnover	5.92	5.62	4.86	6.18	6.85	5.48	4.78	6.24	6.57	5.79	4.54	5.99	6.36	5.78	4.56	6.19	6.52	5.05	4.28	5.46
Payables turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Working capital turnover	3.08	2.81	3.04	4.10	4.27	4.52	2.38	2.31	2.33	2.34	2.37	2.19	2.25	2.18	2.03	1.91	2.20	2.50	2.56	2.23

The inventory turnover ratio for Fox Corp Class B has exhibited variability over the past several periods, ranging from a low of 1.18 to a high of 5.10. The recent ratio of 3.88 indicates that inventory was turned over approximately 3.88 times during the most recent period. This implies that the company is managing its inventory efficiently, although there has been some fluctuation in the turnover rate.

In terms of receivables turnover, Fox Corp Class B has shown relatively stable performance, with ratios ranging between 4.56 and 6.85. The latest ratio of 5.92 suggests that the company collected its outstanding receivables approximately 5.92 times during the period. This indicates that Fox Corp Class B is efficient in converting its credit sales into cash.

The payables turnover ratio data seems to be missing across all periods, making it challenging to assess the efficiency of the company in paying its suppliers.

The working capital turnover ratio has also shown some variability but generally remains within a relatively narrow range. The ratio has ranged from 1.91 to 4.52 over the periods analyzed, with the most recent figure of 3.08 suggesting that Fox Corp Class B generated $3.08 in revenue for each dollar of working capital invested during the period. This indicates that the company is effectively utilizing its working capital to generate sales.

Overall, based on the activity ratios analyzed, Fox Corp Class B appears to be managing its inventory efficiently, collecting its receivables in a timely manner, and effectively utilizing its working capital to generate sales.

Average number of days

		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
Days of inventory on hand (DOH)	days	94.18	95.86	149.22	105.43	77.09	71.53	195.43	159.38	126.46	127.17	190.98	193.14	124.22	127.56	189.37	238.89	167.80	182.03	307.28	309.38
Days of sales outstanding (DSO)	days	61.65	64.99	75.17	59.07	53.28	66.63	76.40	58.50	55.58	63.00	80.43	60.89	57.37	63.19	80.02	59.01	56.01	72.22	85.19	66.82
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

The days of inventory on hand (DOH) for Fox Corp Class B have shown some fluctuations over the past several quarters, ranging from as low as 71.53 days to as high as 309.38 days. The most recent value of 94.18 days indicates that the company is currently holding inventory for approximately 3 months before selling it.

In terms of days of sales outstanding (DSO), Fox Corp Class B has also experienced variability, with values oscillating between 53.28 days and 85.19 days. The latest DSO figure of 61.65 days suggests that the company takes around 2 months to collect payments from its customers.

Unfortunately, data regarding the number of days of payables is not provided, making it challenging to assess Fox Corp's payment practices to suppliers.

Overall, the analysis of activity ratios indicates that Fox Corp Class B has managed its inventory and receivables efficiently, although further information on payables would provide a more comprehensive overview of the company's working capital management.

Long-term

	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
Fixed asset turnover	8.25	8.33	8.69	8.89	8.73	8.96	8.54	8.42	8.31	8.23	8.12	7.93	7.56	7.65	7.88	8.03	8.21	8.95	8.80	8.76
Total asset turnover	0.64	0.64	0.64	0.69	0.68	0.67	0.62	0.63	0.63	0.62	0.59	0.57	0.56	0.54	0.56	0.55	0.57	0.61	0.57	0.56

The fixed asset turnover ratio for Fox Corp Class B has been relatively stable over the past two years, ranging between 7.56 and 8.96. This indicates that the company is generating sales efficiently from its fixed assets, with a higher ratio suggesting better utilization of these assets.

On the other hand, the total asset turnover ratio has shown some variability, fluctuating between 0.54 and 0.69 during the same period. This ratio measures how effectively the company is using all its assets to generate sales. A lower ratio may indicate that the company is not efficiently utilizing its total assets to drive revenue.

Overall, while the fixed asset turnover ratio suggests that Fox Corp Class B is effectively generating revenue from its fixed assets, the total asset turnover ratio shows some room for improvement in utilizing all its assets efficiently to drive sales. It would be beneficial for the company to focus on strategies to enhance the overall asset turnover ratio to improve its operational efficiency and profitability in the long term.