Fox Corp Class A (FOXA)

Number of days of payables

		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
Payables turnover		8.19	—	—	13.90	13.88	12.57	10.33	12.14	12.87	12.00	9.83	13.18	13.82	12.26	11.80	12.65	12.44	12.26	4.68	14.33
Number of days of payables	days	44.59	—	—	26.25	26.30	29.04	35.34	30.08	28.37	30.41	37.13	27.68	26.41	29.78	30.94	28.84	29.34	29.77	78.06	25.48

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.19
= 44.59

The analysis of Fox Corp Class A's number of days of payables over the specified periods reveals notable fluctuations, indicating shifting payment practices and liquidity management strategies. Initially, the days payables stood at approximately 25.48 days as of September 30, 2020, suggesting a relatively prompt payment cycle. This figure significantly increased, reaching a peak of approximately 78.06 days by December 31, 2020, reflecting a deliberate extension in payment terms during that period, likely aimed at conserving cash or managing supplier relationships amidst economic uncertainties.

Subsequently, the days of payables stabilized somewhat, fluctuating between approximately 28.84 days to 30.94 days during the subsequent periods, with a slight decrease to around 26.41 days by June 30, 2022. This indicates a relatively consistent approach to settling payables, balancing operational needs with liquidity considerations.

In the period ending December 31, 2022, the number of days of payables increased again to approximately 37.13 days, representing a moderate extension compared to previous periods. This trend persisted into early 2023, with values near 30 days, before decreasing slightly to approximately 26.25 days by September 30, 2024, suggesting a return to shorter payment cycles.

A notable rise occurs in the data reflecting June 30, 2025, with the days of payables reaching approximately 44.59 days, which may indicate a strategic extension of payment terms, possibly to manage cash flows or adapt to supplier negotiations. The absence of data for December 2024 and March 2025 creates a gap in the trend analysis, but the recent June 2025 figure underscores a potential shift toward longer payable periods.

Overall, the pattern exhibits periods of both extension and contraction in days payables, likely influenced by liquidity management strategies, supplier relationship considerations, or broader economic conditions. The fluctuations suggest Fox Corp adapts its payment cycle in response to operational and financial factors, with recent trends indicating a tendency towards lengthening the payables period.