Fox Corp Class A (FOXA)
Working capital 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 current assets | US$ in thousands | 7,501,000 | 7,178,000 | 8,501,000 | 7,239,000 | 7,257,000 | 7,723,000 | 8,571,000 | 8,495,000 | 8,281,000 | 7,916,000 | 8,514,000 | 8,875,000 | 8,749,000 | 8,694,000 | 8,440,000 | 8,463,000 | 7,486,000 | 6,744,000 | 6,398,000 | 7,049,000 |
| Total current liabilities | US$ in thousands | 2,952,000 | 2,217,000 | 3,707,000 | 3,589,000 | 3,763,000 | 4,402,000 | 2,543,000 | 2,362,000 | 2,296,000 | 2,121,000 | 2,870,000 | 2,869,000 | 3,002,000 | 2,985,000 | 2,213,000 | 2,012,000 | 1,906,000 | 1,780,000 | 1,816,000 | 1,890,000 |
| Working capital turnover | 3.08 | 2.81 | 3.04 | 4.10 | 4.27 | 4.52 | 2.38 | 2.31 | 2.33 | 2.34 | 2.37 | 2.19 | 2.25 | 2.18 | 2.03 | 1.91 | 2.20 | 2.50 | 2.56 | 2.23 |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $13,995,000K ÷ ($7,501,000K – $2,952,000K)
= 3.08
The working capital turnover ratio for Fox Corp Class A has shown some fluctuations over the past few quarters. This ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
Analyzing the trend, we see that the working capital turnover ratio has generally been within a range of 2 to 4 times over the period. In the most recent quarter, the ratio was 3.08, showing an increase from the previous quarter's 2.81.
The higher the working capital turnover ratio, the better, as it suggests that the company is effectively managing its working capital to support its operations and generate sales. A lower ratio may indicate inefficiencies or an inability to convert working capital into revenue effectively.
In the context of Fox Corp Class A, the upward trend in the working capital turnover ratio over the past few quarters indicates improved efficiency in utilizing working capital to support the company's revenue generation activities. However, it would be beneficial to continue monitoring this ratio to ensure that the trend is sustainable and in line with the company's overall financial goals and objectives.
Peer comparison
Jun 30, 2024