Fox Corp Class B (FOX)

Total asset 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
Total assets	US$ in thousands	21,972,000	21,717,000	22,846,000	21,649,000	21,866,000	22,396,000	23,126,000	22,424,000	22,185,000	22,016,000	22,878,000	23,161,000	22,926,000	22,907,000	22,754,000	22,497,000	21,750,000	20,237,000	20,450,000	20,534,000
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

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,995,000K ÷ $21,972,000K
= 0.64

The total asset turnover ratio of Fox Corp Class B has been relatively stable over the past few quarters, averaging around 0.63. This indicates that, on average, the company generates $0.63 in revenue for every $1 of assets it owns. The ratio peaked at 0.69 in the quarter ending September 30, 2023, suggesting a temporary increase in efficiency in utilizing its assets to generate revenue. Overall, the consistent total asset turnover ratio implies that Fox Corp Class B has been effectively managing its assets to generate revenue in a relatively consistent manner over the analyzed period.