Fox Corp Class A (FOXA)
Days of inventory on hand (DOH)
| 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 | |
| DOH | days | 94.18 | 77.09 | 126.46 | 124.22 | 127.53 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.88
= 94.18
The Days of Inventory on Hand (DOH) for Fox Corp Class A has shown some fluctuations over the past five years.
In June 2020, the DOH was 127.53 days, indicating that the company held inventory for an average of approximately 127.53 days before selling it. This value decreased to 124.22 days in June 2021, suggesting a slight improvement in inventory turnover efficiency.
However, there was a significant decrease in DOH to 126.46 days in June 2022, reflecting a more efficient management of inventory levels. This improvement continued in June 2023, with the DOH declining to 77.09 days, signaling a significant enhancement in inventory turnover efficiency.
The trend reversed in June 2024, as the DOH increased to 94.18 days, indicating that Fox Corp Class A held inventory for a longer period compared to the previous year. This uptick in DOH may suggest challenges in managing inventory levels effectively or changes in the company's operating environment.
Overall, while there have been fluctuations in the DOH for Fox Corp Class A over the past five years, it is essential for the company to monitor and optimize its inventory management practices to ensure efficient use of resources and maintain a healthy balance between inventory levels and sales demand.
Peer comparison
Jun 30, 2024