Fox Corp Class B (FOX)
Working capital 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 current assets | US$ in thousands | 7,501,000 | 7,257,000 | 8,281,000 | 8,749,000 | 7,486,000 |
| Total current liabilities | US$ in thousands | 2,952,000 | 3,763,000 | 2,296,000 | 3,002,000 | 1,906,000 |
| Working capital turnover | 3.08 | 4.27 | 2.33 | 2.25 | 2.20 |
June 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $13,995,000K ÷ ($7,501,000K – $2,952,000K)
= 3.08
Fox Corp Class B's working capital turnover has fluctuated over the past five years. The working capital turnover ratio measures how efficiently a company utilizes its working capital to generate sales revenue.
In 2024, the working capital turnover was 3.08, indicating that, on average, Fox Corp Class B generated $3.08 in sales for every dollar of working capital invested. This represents a decrease from the previous year's ratio of 4.27, suggesting a potential decline in the efficiency of working capital utilization.
Comparing to 2022 and 2021 where the ratios were 2.33 and 2.25 respectively, the 2024 ratio shows an improvement in efficiency. However, there was a slight decrease from 2020 when the ratio was 2.20.
Overall, the trend in working capital turnover for Fox Corp Class B shows some variability, with fluctuations in efficiency over the years. Further analysis of the company's financial performance and working capital management practices may help to understand the factors contributing to these fluctuations.
Peer comparison
Jun 30, 2024