Fox Corp Class A (FOXA)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.88 | 3.81 | 2.45 | 3.46 | 4.73 | 5.10 | 1.87 | 2.29 | 2.89 | 2.87 | 1.91 | 1.89 | 2.94 | 2.86 | 1.93 | 1.53 | 2.18 | 2.01 | 1.19 | 1.18 | |
| DOH | days | 94.18 | 95.86 | 149.22 | 105.43 | 77.09 | 71.53 | 195.43 | 159.38 | 126.46 | 127.17 | 190.98 | 193.14 | 124.22 | 127.56 | 189.37 | 238.89 | 167.80 | 182.03 | 307.28 | 309.38 |
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 fluctuations over the past few quarters.
The DOH ranged from a low of 71.53 days in March 2023 to a high of 309.38 days in September 2019. The significant increase in DOH to nearly 200 days in December 2022 and 195 days in December 2023 may indicate potential issues with inventory management or excess inventory levels during those periods.
It is worth noting that the DOH has varied widely, suggesting potential challenges in accurately predicting and managing inventory levels. This could potentially impact the company's working capital efficiency and liquidity, as excess inventory ties up resources and may lead to increased carrying costs.
Overall, a close monitoring of inventory levels and effective inventory management practices may help Fox Corp Class A improve its operational efficiency and optimize working capital utilization.
Peer comparison
Jun 30, 2024