Fox Corp Class A (FOXA)
Activity ratios
Short-term
Turnover ratios
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | 3.88 | 4.73 | 2.89 | 2.94 | 2.86 |
| Receivables turnover | 5.92 | 6.85 | 6.57 | 6.36 | 6.52 |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 3.08 | 4.27 | 2.33 | 2.25 | 2.20 |
The inventory turnover ratio for Fox Corp Class A has shown a fluctuating trend over the past five years, with a significant decline from 4.73 in 2023 to 3.88 in 2024. This suggests that the company took longer to sell its inventory in 2024 compared to the previous year.
On the other hand, the receivables turnover ratio has also experienced some variability but generally remained relatively stable, indicating that Fox Corp Class A is efficient in collecting its accounts receivable.
Unfortunately, the payables turnover ratio data is not available for analysis, making it challenging to assess the efficiency of the company in paying its suppliers.
Lastly, the working capital turnover ratio has also shown a declining trend, indicating that Fox Corp Class A generated lower revenue relative to its working capital in 2024 compared to the previous years. This may suggest decreased operational efficiency or slower growth in revenue.
Overall, the trends in the activity ratios of Fox Corp Class A reflect various aspects of the company's operational efficiency and financial performance over the past five years.
Average number of days
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 94.18 | 77.09 | 126.46 | 124.22 | 127.53 |
| Days of sales outstanding (DSO) | days | 61.65 | 53.28 | 55.58 | 57.37 | 56.01 |
| Number of days of payables | days | — | — | — | — | — |
Days of Inventory on Hand (DOH) measures how many days, on average, it takes for a company to turn its inventory into sales. A lower DOH indicates better inventory management. Fox Corp Class A's DOH has fluctuated over the past five years, with a peak of 127.53 days in 2020 and a low of 77.09 days in 2023. In 2024, the DOH increased to 94.18 days, potentially indicating slower inventory turnover compared to the previous year.
Days of Sales Outstanding (DSO) is a measure of how long it takes a company to collect revenue after a sale is made. A lower DSO suggests faster cash conversion. Fox Corp Class A's DSO has been relatively stable between 53.28 days in 2023 and 61.65 days in 2024. This indicates consistent efficiency in collecting sales revenue over the years.
The Number of Days of Payables data is missing, so it is not possible to evaluate Fox Corp Class A's payment practices to suppliers and creditors.
In conclusion, Fox Corp Class A has shown varying levels of efficiency in inventory turnover over the years, while maintaining relatively stable collection of sales revenue. It would be beneficial to monitor inventory management closely to optimize working capital and profitability.
Long-term
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | 8.25 | 8.73 | 8.31 | 7.56 | 8.21 |
| Total asset turnover | 0.64 | 0.68 | 0.63 | 0.56 | 0.57 |
The fixed asset turnover ratio of Fox Corp Class A has shown a declining trend over the past five years, from 8.73 in 2023 to 8.25 in 2024. This ratio measures how efficiently the company generates sales from its fixed assets, and a higher ratio indicates better utilization of fixed assets to generate revenue. Despite the slight decrease, Fox Corp Class A has maintained a relatively high fixed asset turnover ratio, reflecting efficient management of its fixed assets.
In contrast, the total asset turnover ratio of Fox Corp Class A has fluctuated over the same period, with a slight decrease from 0.68 in 2023 to 0.64 in 2024. This ratio evaluates how effectively the company is utilizing all its assets to generate revenue. The declining trend in the total asset turnover suggests that Fox Corp Class A may be facing challenges in generating sales relative to its total asset base.
Overall, while Fox Corp Class A has demonstrated efficient utilization of its fixed assets to generate revenue, there may be room for improvement in optimizing the utilization of its total assets for revenue generation. The company should focus on enhancing operational efficiency and increasing revenue generation from its asset base to improve its overall financial performance.