Fox Corp Class B (FOX)
Total asset 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 |
| Total assets | US$ in thousands | 21,972,000 | 21,866,000 | 22,185,000 | 22,926,000 | 21,750,000 |
| Total asset turnover | 0.64 | 0.68 | 0.63 | 0.56 | 0.57 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,995,000K ÷ $21,972,000K
= 0.64
Over the past five years, Fox Corp Class B has shown fluctuations in total asset turnover, ranging from 0.56 to 0.68. The total asset turnover ratio indicates how efficiently the company is generating revenue from its assets. A higher ratio signifies better asset utilization.
Fox Corp's total asset turnover has been below 1 for all years presented in the table, indicating that the company generates less than a dollar of revenue for every dollar of assets held.
The trend shows a slight improvement from 2020 to 2023, peaking at 0.68, before slightly declining in 2024 to 0.64. Despite the fluctuations, the company's ability to efficiently utilize its assets to generate revenue may require further monitoring and potentially optimization.
Peer comparison
Jun 30, 2024