Fox Corp Class A (FOXA)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 2.54 | 3.24 | 2.29 | 2.02 | 1.93 | 1.75 | 3.37 | 3.60 | 3.61 | 3.73 | 2.97 | 3.09 | 2.91 | 2.91 | 3.81 | 4.21 | 3.93 | 3.79 | 3.52 | 3.73 |
| Quick ratio | 2.53 | 2.83 | 1.92 | 1.74 | 1.95 | 1.56 | 2.78 | 3.06 | 3.38 | 3.29 | 2.51 | 2.65 | 2.90 | 2.96 | 3.69 | 3.83 | 3.71 | 3.32 | 3.21 | 3.31 |
| Cash ratio | 1.73 | 1.71 | 1.11 | 1.07 | 1.37 | 0.94 | 1.60 | 2.10 | 2.45 | 2.18 | 1.48 | 1.89 | 2.22 | 2.24 | 2.44 | 2.83 | 2.72 | 1.94 | 1.70 | 2.19 |
Based on the liquidity ratios of Fox Corp Class A over the past several quarters, we can observe the following trends:
1. Current Ratio:
- The current ratio has been fluctuating over the periods but generally has remained above 2. This indicates that Fox Corp Class A has a relatively strong ability to meet its short-term obligations using its current assets.
2. Quick Ratio:
- The quick ratio has also shown variability but has typically been above 1.5, indicating that the company has an adequate level of quick assets to cover its immediate liabilities. The ratio dipped in some quarters but has generally remained stable.
3. Cash Ratio:
- The cash ratio, which reflects the company's ability to pay off its current liabilities using only cash and cash equivalents, has shown some fluctuations as well. However, it has generally remained above 1, indicating that Fox Corp Class A has a decent level of cash reserves compared to its current liabilities.
Overall, the liquidity ratios suggest that Fox Corp Class A has maintained a solid liquidity position over the periods analyzed, with sufficient current assets to cover its short-term obligations. However, fluctuations in the ratios indicate potential changes in the company's ability to meet its financial commitments, which would warrant further monitoring and analysis.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 155.84 | 160.85 | 224.39 | 164.50 | 130.37 | 138.16 | 271.83 | 217.88 | 182.05 | 190.17 | 271.41 | 254.02 | 181.59 | 190.75 | 269.39 | 297.89 | 223.81 | 254.25 | 392.47 | 376.20 |
The cash conversion cycle of Fox Corp Class A has shown fluctuations over the past few quarters. The cycle represents the time it takes for the company to convert its investments in inventory into cash flows from sales and then back into cash through collections. A shorter cash conversion cycle indicates more efficient operations and better liquidity management.
From December 2019 to March 2020, the cash conversion cycle increased significantly, reaching a peak of 392.47 days, which may indicate potential inefficiencies in inventory management, sales, or collection processes during that period. Subsequently, there was a gradual improvement in the cycle, with fluctuations noted in various quarters.
The cycle decreased to 155.84 days in June 2024, which is a positive trend, indicating more efficient management of inventory and cash flows. It is important for Fox Corp Class A to continue monitoring and managing its cash conversion cycle effectively to optimize working capital and improve overall financial performance.