Fox Corp Class A (FOXA)
Total asset 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 |
| Total assets | US$ in thousands | 21,972,000 | 21,866,000 | 22,185,000 | 22,926,000 | 21,750,000 |
| Total asset turnover | 0.64 | 0.68 | 0.63 | 0.56 | 0.57 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,995,000K ÷ $21,972,000K
= 0.64
Fox Corp Class A's total asset turnover has fluctuated over the past five years. Total asset turnover measures how efficiently a company is using its assets to generate revenue. A higher total asset turnover ratio indicates that the company is generating more revenue per dollar of assets.
In this case, the trend shows that from 2020 to 2023, the total asset turnover ratio increased from 0.57 to 0.68, indicating an improvement in efficiency in utilizing the company's assets to generate revenue. However, in 2024, there was a slight decrease to 0.64, which suggests a slight decline in efficiency compared to the previous year.
Overall, the total asset turnover ratio for Fox Corp Class A has been relatively stable over the past five years, hovering around the 0.60 mark. This may indicate that the company has been maintaining a consistent level of efficiency in generating revenue from its assets. Monitoring this ratio over time can provide insights into the company's operational efficiency and asset utilization strategies.
Peer comparison
Jun 30, 2024