Fox Corp Class B (FOX)

Operating profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Operating income	US$ in thousands	389,000	604,000	654,000	923,000	305,000
Revenue	US$ in thousands	13,995,000	14,913,000	13,974,000	12,909,000	12,303,000
Operating profit margin		2.78%	4.05%	4.68%	7.15%	2.48%

June 30, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $389,000K ÷ $13,995,000K
= 2.78%

The operating profit margin of Fox Corp Class B has experienced fluctuations over the past five years. In the most recent fiscal year ending June 30, 2024, the operating profit margin decreased to 2.78% from 4.05% in the previous year. This downward trend indicates a decline in the company's ability to generate profits from its core operations relative to its revenue.

Comparing the operating profit margin to the levels of the previous years, a notable decrease can be observed from the highest point of 7.15% in June 30, 2021, to the lowest point of 2.48% in June 30, 2020. This suggests that Fox Corp Class B may have faced challenges in managing its operating expenses or experienced declining revenues during this period.

Overall, the declining trend in the operating profit margin of Fox Corp Class B raises concerns about the efficiency of the company's operations in generating profits and may warrant further investigation into the underlying factors impacting its profitability.