Fox Corp Class A (FOXA)
Total asset 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 |
| Total assets | US$ in thousands | 21,972,000 | 21,717,000 | 22,846,000 | 21,649,000 | 21,866,000 | 22,396,000 | 23,126,000 | 22,424,000 | 22,185,000 | 22,016,000 | 22,878,000 | 23,161,000 | 22,926,000 | 22,907,000 | 22,754,000 | 22,497,000 | 21,750,000 | 20,237,000 | 20,450,000 | 20,534,000 |
| 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 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,995,000K ÷ $21,972,000K
= 0.64
The total asset turnover of Fox Corp Class A has been relatively stable over the past few years, ranging from 0.54 to 0.69. This ratio indicates that the company generates approximately $0.64 in revenue for every dollar of assets it holds.
A total asset turnover of 0.64 suggests that Fox Corp Class A effectively utilizes its assets to generate revenue. A higher total asset turnover ratio typically indicates efficient asset utilization, while a lower ratio may imply underutilization or inefficient management of assets.
Overall, the consistent total asset turnover ratio of Fox Corp Class A reflects the company's ability to generate revenue efficiently relative to its asset base. Investors and analysts may view this as a positive indicator of the company's operational efficiency and potential financial performance.
Peer comparison
Jun 30, 2024