Fox Corp Class B (FOX)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,995,000 | 13,934,000 | 14,571,000 | 14,954,000 | 14,913,000 | 15,016,000 | 14,351,000 | 14,150,000 | 13,974,000 | 13,546,000 | 13,397,000 | 13,140,000 | 12,909,000 | 12,437,000 | 12,662,000 | 12,353,000 | 12,303,000 | 12,398,000 | 11,710,000 | 11,515,000 |
| Receivables | US$ in thousands | 2,364,000 | 2,481,000 | 3,001,000 | 2,420,000 | 2,177,000 | 2,741,000 | 3,004,000 | 2,268,000 | 2,128,000 | 2,338,000 | 2,952,000 | 2,192,000 | 2,029,000 | 2,153,000 | 2,776,000 | 1,997,000 | 1,888,000 | 2,453,000 | 2,733,000 | 2,108,000 |
| 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 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $13,995,000K ÷ $2,364,000K
= 5.92
The receivables turnover ratio measures the efficiency of Fox Corp Class B in collecting outstanding receivables from its customers during a specific period. A higher turnover ratio indicates that the company is able to collect receivables more quickly.
Analyzing the trend of Fox Corp Class B's receivables turnover ratio over the past several quarters, we observe fluctuations in the ratio. There seems to be some seasonality in the turnover ratio, with some quarters showing higher turnover than others.
For the most recent quarter, ending June 30, 2024, the receivables turnover ratio was 5.92, which indicates that Fox Corp Class B collected its outstanding receivables approximately 5.92 times during the quarter. This ratio has increased from the previous quarter, suggesting an improvement in the company's ability to efficiently collect receivables.
Over the historical period analyzed, the receivables turnover ratio ranged from 4.28 to 6.85. The highest turnover ratio was observed in the quarter ended June 30, 2023, while the lowest was recorded in the quarter ended March 31, 2020. These fluctuations may be indicative of changes in the company's credit policies, customer payment behavior, or overall economic conditions impacting receivables collection.
In general, a stable or increasing trend in the receivables turnover ratio is favorable, as it signifies efficient management of accounts receivables. However, further analysis of the underlying reasons for the fluctuation in the turnover ratio is necessary to provide a more comprehensive assessment of Fox Corp Class B's receivables management efficiency.
Peer comparison
Jun 30, 2024