Fox Corp Class A (FOXA)

Days of inventory on hand (DOH)

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 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
Inventory turnover 20.28 23.39 8.39 12.00 15.14 14.36 9.79 13.72 18.60 20.60 7.27 9.40 11.98 11.94 7.92 7.65 11.25 11.19 7.61 5.91
DOH days 18.00 15.61 43.51 30.42 24.11 25.42 37.28 26.61 19.62 17.72 50.18 38.84 30.46 30.56 46.07 47.72 32.45 32.62 47.96 61.80

June 30, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 20.28
= 18.00

Fox Corp Class A’s days of inventory on hand (DOH) have demonstrated notable fluctuations over the analyzed period, reflecting changes in inventory management and operational efficiency.

Starting from September 30, 2020, the DOH was approximately 61.80 days, indicating a relatively high level of inventory holding relative to sales. This figure decreased significantly by December 31, 2020, to 47.96 days, suggesting improvements in inventory turnover. The downward trend continued into March 31, 2021, with DOH reaching 32.62 days, and further slightly declining to 32.45 days by June 30, 2021.

In the subsequent year, the DOH experienced an increase to 47.72 days at September 30, 2021, and remained relatively stable into December 2021 at 46.07 days. A further decline was observed by March 31, 2022, with a DOH of 30.56 days, and a minimal decrease to 30.46 days by June 30, 2022.

However, the DOH rose again to 38.84 days at September 30, 2022, and increased further to 50.18 days at December 31, 2022, signaling potential inventory buildup or slower sales velocity. The following quarter showed a sharp improvement with a significant reduction to 17.72 days by March 31, 2023. This favorable trend persisted into June 30, 2023, with a DOH of 19.62 days, but saw an uptick to 26.61 days at September 30, 2023, and further to 37.28 days at December 31, 2023.

Entering 2024, the DOH decreased again to 25.42 days by March 31, and further to 24.11 days by June 30, reflecting improved inventory efficiency. By September 30, 2024, the figure rose modestly to 30.42 days, and continued upward to 43.51 days at year-end, indicating increased inventory levels or slower sales. The trend again reversed in early 2025, with DOH declining to 15.61 days at March 31, and then to 18.00 days by June 30, suggesting renewed inventory turnover improvements.

Overall, the data show cycles of inventory accumulation and reduction, with the lowest DOH recorded at 15.61 days in March 2025 and the highest at 61.80 days in September 2020. These variations reflect shifts in operational strategies, market conditions, and sales performance, directly influencing inventory management efficiency over time.