Fox Corp Class A (FOXA)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | 5.92 | 5.62 | 4.86 | 6.18 | 6.85 | 5.48 | 4.78 | 6.24 | 6.57 | 5.79 | 4.54 | 5.99 | 6.36 | 5.78 | 4.56 | 6.19 | 6.52 | 5.05 | 4.28 | 5.46 |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 3.08 | 2.81 | 3.04 | 4.10 | 4.27 | 4.52 | 2.38 | 2.31 | 2.33 | 2.34 | 2.37 | 2.19 | 2.25 | 2.18 | 2.03 | 1.91 | 2.20 | 2.50 | 2.56 | 2.23 |
The inventory turnover ratio for Fox Corp Class A has exhibited fluctuations over the periods analyzed, ranging from a low of 1.18 to a high of 5.10. This ratio indicates the efficiency of the company in managing its inventory levels and converting them into sales. Generally, a higher inventory turnover reflects better inventory management.
The receivables turnover ratio has also varied over time, with values ranging from 4.28 to 6.85. This ratio reflects how quickly the company is collecting payments from its customers. A higher receivables turnover suggests that the company is efficient in collecting its accounts receivable.
There is no data provided for the payables turnover ratio, which typically reflects how well a company is managing its accounts payable.
The working capital turnover ratio has shown some volatility, with values between 1.91 and 4.52. This ratio demonstrates how efficiently the company is utilizing its working capital to generate sales. A higher working capital turnover indicates efficient use of resources.
In summary, Fox Corp Class A's activity ratios suggest various levels of efficiency in managing inventory, collecting receivables, and utilizing working capital over the periods analyzed.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 94.18 | 95.86 | 149.22 | 105.43 | 77.09 | 71.53 | 195.43 | 159.38 | 126.46 | 127.17 | 190.98 | 193.14 | 124.22 | 127.56 | 189.37 | 238.89 | 167.80 | 182.03 | 307.28 | 309.38 |
| Days of sales outstanding (DSO) | days | 61.65 | 64.99 | 75.17 | 59.07 | 53.28 | 66.63 | 76.40 | 58.50 | 55.58 | 63.00 | 80.43 | 60.89 | 57.37 | 63.19 | 80.02 | 59.01 | 56.01 | 72.22 | 85.19 | 66.82 |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The Days of Inventory on Hand (DOH) for Fox Corp Class A decreased from 94.18 days in June 2024 to 77.09 days in June 2023 before rising to a high of 195.43 days in December 2022. This suggests that the company has improved its inventory management efficiency in recent quarters.
The Days of Sales Outstanding (DSO) metric fluctuated over the same period, ranging from a low of 53.28 days in June 2023 to a high of 80.43 days in March 2022. The DSO decreased to 61.65 days in June 2024, indicating a more efficient collection of accounts receivable.
Unfortunately, the data for the Number of Days of Payables is missing, making it difficult to assess the company's efficiency in managing its payables.
Overall, based on the DOH and DSO trends, Fox Corp Class A appears to have improved its inventory and accounts receivable management over the last few quarters, which is a positive sign for the company's operational efficiency and liquidity.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 0.64 | 0.64 | 0.64 | 0.69 | 0.68 | 0.67 | 0.62 | 0.63 | 0.63 | 0.62 | 0.59 | 0.57 | 0.56 | 0.54 | 0.56 | 0.55 | 0.57 | 0.61 | 0.57 | 0.56 |
The fixed asset turnover ratio for Fox Corp Class A has been relatively stable over the past few quarters, ranging from 7.56 to 8.96. This indicates that the company generates between approximately 7.56 to 8.96 times in sales revenue for every dollar invested in fixed assets. A higher fixed asset turnover ratio is generally favorable as it implies better asset utilization and efficiency.
On the other hand, the total asset turnover ratio for Fox Corp Class A has fluctuated more significantly, with a range of 0.54 to 0.69. This ratio reflects how efficiently the company is using all of its assets to generate revenue. A total asset turnover ratio of less than 1 suggests that the company is not generating sufficient sales relative to its total assets.
Overall, Fox Corp Class A's fixed asset turnover indicates good efficiency in utilizing fixed assets to generate sales, while its total asset turnover performance could be improved to better utilize all assets in generating revenue.