Fox Corp Class A (FOXA)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,426,000 | 2,513,000 | 2,539,000 | 2,600,000 | 2,571,000 | 2,485,000 | 2,428,000 | 2,336,000 | 2,283,000 | 2,256,000 | 2,194,000 | 2,145,000 | 2,142,000 | 1,960,000 | 1,966,000 | 1,942,000 | 1,862,000 | 1,947,000 | 1,834,000 | 1,726,000 |
| Inventory | US$ in thousands | 626,000 | 660,000 | 1,038,000 | 751,000 | 543,000 | 487,000 | 1,300,000 | 1,020,000 | 791,000 | 786,000 | 1,148,000 | 1,135,000 | 729,000 | 685,000 | 1,020,000 | 1,271,000 | 856,000 | 971,000 | 1,544,000 | 1,463,000 |
| Inventory turnover | 3.88 | 3.81 | 2.45 | 3.46 | 4.73 | 5.10 | 1.87 | 2.29 | 2.89 | 2.87 | 1.91 | 1.89 | 2.94 | 2.86 | 1.93 | 1.53 | 2.18 | 2.01 | 1.19 | 1.18 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,426,000K ÷ $626,000K
= 3.88
The inventory turnover ratio of Fox Corp Class A has fluctuated over the past few years. It measures how efficiently the company manages its inventory by revealing how many times the company sells and replaces its inventory during a certain period.
The inventory turnover ratio for Fox Corp Class A in the recent period as of June 30, 2024, was 3.88. This indicates that the company turned over its inventory approximately 3.88 times during the period. Comparing this ratio to previous periods, we observe a general increasing trend from the end of 2020 to mid-2023, peaking at 5.10 in March 2023. However, the ratio has slightly declined in the most recent quarters compared to the peak.
A high inventory turnover ratio generally implies efficient management of inventory, while a low ratio may suggest overstocking or slow-moving inventory. In the case of Fox Corp Class A, the recent ratios indicate that the company's inventory turnover has been relatively stable, although it experienced fluctuations.
It is important for the company to monitor its inventory turnover ratio continuously to ensure optimal inventory management, support cash flow efficiency, and maintain a balance between having enough inventory to meet demand and avoiding excess inventory levels. Further analysis and comparison to industry benchmarks can provide additional insights into the effectiveness of Fox Corp Class A's inventory management practices.
Peer comparison
Jun 30, 2024
Jun 30, 2024