Fox Corp Class A (FOXA)
Working capital 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 current assets | US$ in thousands | 7,501,000 | 7,257,000 | 8,281,000 | 8,749,000 | 7,486,000 |
| Total current liabilities | US$ in thousands | 2,952,000 | 3,763,000 | 2,296,000 | 3,002,000 | 1,906,000 |
| Working capital turnover | 3.08 | 4.27 | 2.33 | 2.25 | 2.20 |
June 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $13,995,000K ÷ ($7,501,000K – $2,952,000K)
= 3.08
Based on the provided data, Fox Corp Class A's working capital turnover has fluctuated over the past five years. The working capital turnover ratio measures how efficiently a company is using its working capital to generate revenue.
In Jun 30, 2024, the working capital turnover ratio was 3.08, showing a decrease from the previous year's ratio of 4.27. This decrease suggests that Fox Corp Class A was less efficient in utilizing its working capital to generate revenue in 2024 compared to 2023.
However, when compared to the ratios from Jun 30, 2022 (2.33), Jun 30, 2021 (2.25), and Jun 30, 2020 (2.20), the working capital turnover in 2024 still reflects a better efficiency in utilizing working capital.
Overall, the trend in the working capital turnover ratio for Fox Corp Class A shows some variability, but the company has generally been able to improve its efficiency in utilizing working capital to generate revenue over the years.
Peer comparison
Jun 30, 2024