Fox Corp Class A (FOXA)
Inventory turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,426,000 | 2,571,000 | 2,283,000 | 2,142,000 | 2,450,000 |
| Inventory | US$ in thousands | 626,000 | 543,000 | 791,000 | 729,000 | 856,000 |
| Inventory turnover | 3.88 | 4.73 | 2.89 | 2.94 | 2.86 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,426,000K ÷ $626,000K
= 3.88
Fox Corp Class A's inventory turnover has shown fluctuations over the past five years. In particular:
- In Jun 30, 2024, the inventory turnover ratio was 3.88, indicating that the company turned its inventory over 3.88 times during the year. This is a decrease compared to the previous year.
- In Jun 30, 2023, the inventory turnover improved to 4.73, suggesting a more efficient management of inventory compared to the year before.
- In Jun 30, 2022, the inventory turnover ratio was 2.89, which was lower than the previous year, indicating that the company took longer to sell its inventory.
- In Jun 30, 2021, the inventory turnover was 2.94, showing a slight increase compared to the prior year.
- In Jun 30, 2020, the inventory turnover was 2.86, which was slightly lower than the subsequent year.
Overall, the trend in inventory turnover for Fox Corp Class A shows some variability, with fluctuations in the efficiency of managing inventory levels and sales. It is essential for the company to monitor and potentially improve its inventory turnover to ensure optimal inventory management and working capital utilization.
Peer comparison
Jun 30, 2024