Fox Corp Class A (FOXA)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,995,000 | 13,934,000 | 14,571,000 | 14,954,000 | 14,913,000 | 15,016,000 | 14,351,000 | 14,150,000 | 13,974,000 | 13,546,000 | 13,397,000 | 13,140,000 | 12,909,000 | 12,437,000 | 12,662,000 | 12,353,000 | 12,303,000 | 12,398,000 | 11,710,000 | 11,515,000 |
| Property, plant and equipment | US$ in thousands | 1,696,000 | 1,672,000 | 1,676,000 | 1,683,000 | 1,708,000 | 1,675,000 | 1,680,000 | 1,681,000 | 1,682,000 | 1,646,000 | 1,650,000 | 1,656,000 | 1,708,000 | 1,626,000 | 1,606,000 | 1,539,000 | 1,498,000 | 1,386,000 | 1,330,000 | 1,314,000 |
| Fixed asset turnover | 8.25 | 8.33 | 8.69 | 8.89 | 8.73 | 8.96 | 8.54 | 8.42 | 8.31 | 8.23 | 8.12 | 7.93 | 7.56 | 7.65 | 7.88 | 8.03 | 8.21 | 8.95 | 8.80 | 8.76 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $13,995,000K ÷ $1,696,000K
= 8.25
Fixed asset turnover is a financial ratio that measures how efficiently a company is generating revenue from its fixed assets. Fox Corp Class A has shown a relatively consistent trend in its fixed asset turnover ratio over the past few quarters, ranging from 7.56 to 8.96.
The higher the fixed asset turnover, the more efficiently the company is utilizing its fixed assets to generate sales. In this case, Fox Corp Class A has consistently maintained a high fixed asset turnover ratio, indicating that the company is effectively using its fixed assets to generate revenue.
The steady range of 7.56 to 8.96 suggests that Fox Corp Class A has been able to effectively manage and utilize its fixed assets to drive sales over the analyzed period. A high fixed asset turnover ratio is generally seen as positive, as it indicates that the company is efficiently using its fixed assets to generate revenue.
Overall, the consistent and relatively high fixed asset turnover ratio for Fox Corp Class A indicates that the company has been successful in optimizing the use of its fixed assets to drive revenue generation.
Peer comparison
Jun 30, 2024