Fox Corp Class A (FOXA)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 5.92 | 6.85 | 6.57 | 6.36 | 6.52 | |
| DSO | days | 61.65 | 53.28 | 55.58 | 57.37 | 56.01 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.92
= 61.65
The Days of Sales Outstanding (DSO) metric for Fox Corp Class A has shown some fluctuations over the past five years. In the most recent fiscal year ending June 30, 2024, the DSO increased to 61.65 days from 53.28 days in the previous year. This suggests that it took Fox Corp Class A an average of 61.65 days to collect its accounts receivable in 2024.
Compared to the prior years, the DSO in 2024 was higher than both 2022 and 2023 but lower than 2020 and 2021. The increase in DSO from 2023 to 2024 may indicate potential challenges in collecting outstanding receivables promptly or efficiently.
Analyzing the trend of DSO over the past five years, it is important for Fox Corp Class A to further investigate the reasons behind the increase in DSO in 2024 to ensure effective credit and collection management practices are in place. A higher DSO can tie up working capital and impact cash flows. It would be beneficial for the company to focus on improving collections processes to reduce the DSO and enhance overall liquidity and financial performance.
Peer comparison
Jun 30, 2024