Fox Corp Class B (FOX)

Receivables turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	13,995,000	14,913,000	13,974,000	12,909,000	12,303,000
Receivables	US$ in thousands	2,364,000	2,177,000	2,128,000	2,029,000	1,888,000
Receivables turnover		5.92	6.85	6.57	6.36	6.52

June 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $13,995,000K ÷ $2,364,000K
= 5.92

Fox Corp Class B's receivables turnover ratio has fluctuated over the past five years. The ratio measures how efficiently the company is collecting its accounts receivable during a specific period. A higher turnover ratio indicates that the company is collecting its receivables more quickly.

The receivables turnover ratio for Fox Corp Class B was 5.92 in June 30, 2024, down from 6.85 in June 30, 2023. This decline may suggest that the company took longer to collect its receivables in 2024 compared to 2023. However, it is important to note that a high turnover ratio doesn't necessarily indicate efficiency, as it could also suggest very tight credit policies or aggressive collection practices.

Over the five-year period, the receivables turnover ratio has fluctuated within a relatively narrow range, ranging from 6.36 to 6.85. This consistency indicates that Fox Corp Class B has been relatively successful in managing its receivables turnover over the years. It is essential for the company to closely monitor this ratio to ensure efficient management of its accounts receivable and timely collection of outstanding balances.