Fox Corp Class A (FOXA)

Days of sales outstanding (DSO)

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
Receivables turnover 6.59 4.95 4.35 5.34 5.91 5.61 4.85 6.17 6.85 5.44 4.76 6.23 6.57 5.92 4.60 6.04 6.36 5.78 4.56 6.19
DSO days 55.35 73.70 83.96 68.41 61.72 65.05 75.25 59.17 53.28 67.08 76.76 58.62 55.58 61.70 79.28 60.44 57.37 63.19 80.02 59.01

June 30, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.59
= 55.35

The dataset indicates that Fox Corp's days sales outstanding (DSO) has experienced notable fluctuations over the observed period. Initially, at September 30, 2020, the DSO stood at approximately 59.01 days. This figure increased significantly by December 31, 2020, reaching around 80.02 days, suggesting a deterioration in collection efficiency or a change in credit policies. Throughout 2021, the DSO exhibited variability, decreasing to approximately 57.37 days by June 30, 2021, which may reflect improved receivables management, before rising again toward 79.28 days at the end of the year.

In 2022, the DSO displayed a downward trend, reaching a low of 55.58 days as of June 30, indicating enhanced collection efforts. However, by the end of 2022, the DSO increased again to approximately 76.76 days. The first quarter of 2023 saw a modest rise to 67.08 days, followed by a decrease to 53.28 days by June 30, 2023, suggesting periods of improved receivables collection. Nonetheless, the trailing quarters reveal an uptick, with the DSO reaching 59.17 days in September 2023, and subsequently rising to 75.25 days at the end of 2023.

Looking forward into 2024, the DSO remains elevated, with figures such as 65.05 days in March and 61.72 days in June, then increasing again to 68.41 days in September, and reaching 83.96 days at year's end. The first half of 2025 indicates some improvement, with the DSO decreasing to 73.70 days in March and further declining to 55.35 days by June.

Overall, the DSO for Fox Corp exhibits a pattern characterized by periods of increase and decrease, with a general tendency toward elevated levels in the latter part of the observed timeline relative to the initial period in late 2020. The fluctuation suggests variations in receivables collection efficiency, credit policy adjustments, or changes in customer payment behaviors over time.