Fox Corp Class A (FOXA)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,995,000 | 14,913,000 | 13,974,000 | 12,909,000 | 12,303,000 |
| Property, plant and equipment | US$ in thousands | 1,696,000 | 1,708,000 | 1,682,000 | 1,708,000 | 1,498,000 |
| Fixed asset turnover | 8.25 | 8.73 | 8.31 | 7.56 | 8.21 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $13,995,000K ÷ $1,696,000K
= 8.25
The fixed asset turnover ratio for Fox Corp Class A has shown some fluctuation over the past five years. The ratio has ranged from a low of 7.56 in June 2021 to a high of 8.73 in June 2023, indicating variations in how efficiently the company is utilizing its fixed assets to generate revenue.
Overall, the trend suggests that Fox Corp Class A has generally been effective in leveraging its fixed assets to generate sales, with ratios consistently above 8 in recent years. This indicates that the company is efficient in generating revenue relative to its investment in fixed assets, which is a positive performance indicator. However, the slight fluctuations in the ratio over the years could signal changes in the company's asset utilization efficiency that may warrant further investigation.
Peer comparison
Jun 30, 2024