Fox Corp Class A (FOXA)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,759,000 | 10,641,000 | 9,824,000 | 9,538,000 | 9,478,000 | 9,477,000 | 10,162,000 | 10,303,000 | 10,100,000 | 10,033,000 | 9,456,000 | 9,585,000 | 9,480,000 | 9,388,000 | 9,095,000 | 8,681,000 | 8,199,000 | 7,664,000 | 7,762,000 | 7,507,000 |
| Payables | US$ in thousands | 1,070,000 | — | — | 686,000 | 683,000 | 754,000 | 984,000 | 849,000 | 785,000 | 836,000 | 962,000 | 727,000 | 686,000 | 766,000 | 771,000 | 686,000 | 659,000 | 625,000 | 1,660,000 | 524,000 |
| 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 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,759,000K ÷ $1,070,000K
= 8.19
The payables turnover ratio for Fox Corp Class A reflects the company's efficiency in managing its accounts payable obligations over the observed periods. Starting from September 30, 2020, the ratio was notably high at 14.33, indicating a relatively swift conversion of accounts payable into cash payments, suggesting a prompt settlement process during this period.
Between September 2020 and December 2020, a significant decline is evident, with the ratio decreasing to 4.68. This sharp reduction may imply extended payment terms negotiated with suppliers or changes in the company's cash flow management, potentially hinting at strategic deferment of payables or liquidity considerations.
From early 2021 through mid-2022, the ratio generally trended upward, oscillating around the low to mid-teens, reaching a peak of 13.82 as of June 30, 2022. This stabilization indicates a relatively consistent approach toward settling payables, aligning with standard industry practices for managing supplier relationships and cash flow.
In late 2022 and early 2023, the ratio experienced a decline to 9.83 (December 2022) and then reverted to approximately 12 in the subsequent quarters, suggesting a gradual normalization or adjustments in payment strategies.
During 2024, the ratio showed a recovery period, reaching approximately 13.88 on June 30, 2024, and maintaining near that level (13.90) on September 30, 2024. The decline to 10.33 in December 2024 indicates a temporary increase in paying liabilities more slowly, which could be associated with strategic payment timing or seasonal factors.
As of March 31, 2025, data is not available, but by June 30, 2025, the ratio further declined to 8.19, marking a notable decrease from prior levels. This suggests a potential shift toward more extended payment periods or changes in vendor terms, possibly reflecting altered working capital strategies or operational adjustments.
Overall, the payables turnover ratio for Fox Corp Class A exhibits periods of stability interspersed with significant fluctuations, indicating a dynamic approach to managing supplier payments consistent with strategic financial management and operational needs over time.
Peer comparison
Jun 30, 2025