Fox Corp Class A (FOXA)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,995,000 | 13,934,000 | 14,571,000 | 14,954,000 | 14,913,000 | 15,016,000 | 14,351,000 | 14,150,000 | 13,974,000 | 13,546,000 | 13,397,000 | 13,140,000 | 12,909,000 | 12,437,000 | 12,662,000 | 12,353,000 | 12,303,000 | 12,398,000 | 11,710,000 | 11,515,000 |
| Receivables | US$ in thousands | 2,364,000 | 2,481,000 | 3,001,000 | 2,420,000 | 2,177,000 | 2,741,000 | 3,004,000 | 2,268,000 | 2,128,000 | 2,338,000 | 2,952,000 | 2,192,000 | 2,029,000 | 2,153,000 | 2,776,000 | 1,997,000 | 1,888,000 | 2,453,000 | 2,733,000 | 2,108,000 |
| 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 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $13,995,000K ÷ $2,364,000K
= 5.92
The receivables turnover ratio for Fox Corp Class A has fluctuated over the past several quarters, ranging from 4.28 to 6.85 times. The ratio measures how many times a company collects its average accounts receivable balance during a specific period, indicating the efficiency of its receivables management.
A higher receivables turnover generally suggests that Fox Corp Class A is collecting its accounts receivable more quickly, which can be a positive indicator of efficient credit and collection policies. Conversely, a lower ratio may imply slower collections or potential issues with credit extension or collection practices.
Overall, the varying levels of receivables turnover indicate that Fox Corp Class A's management of accounts receivable has been fluctuating. It would be important for stakeholders to monitor trends in the ratio over time to assess the company's effectiveness in managing its receivables and cash flow.
Peer comparison
Jun 30, 2024