Fox Corp Class A (FOXA)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,995,000 | 14,913,000 | 13,974,000 | 12,909,000 | 12,303,000 |
| Receivables | US$ in thousands | 2,364,000 | 2,177,000 | 2,128,000 | 2,029,000 | 1,888,000 |
| Receivables turnover | 5.92 | 6.85 | 6.57 | 6.36 | 6.52 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $13,995,000K ÷ $2,364,000K
= 5.92
Over the five-year period from 2020 to 2024, Fox Corp Class A's receivables turnover ratio has shown fluctuation but generally remained relatively stable, with values ranging from 5.92 to 6.85. The receivables turnover ratio measures how efficiently a company collects payments on credit sales from its customers. A higher turnover ratio indicates that the company is collecting its accounts receivables more quickly.
The decreasing trend in receivables turnover from 2023 to 2024 may suggest that Fox Corp Class A took longer to collect payments from customers in 2024 compared to the prior year. This could be a cause for further investigation as it might indicate potential issues with customer creditworthiness or a need for more efficient accounts receivable management.
Overall, while the receivables turnover ratio for Fox Corp Class A fluctuated over the five-year period, it is essential for the company to closely monitor this ratio to ensure timely collection of accounts receivables and efficient working capital management.
Peer comparison
Jun 30, 2024