News Corp B (NWS)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 14.75 | 13.50 | 14.11 | 16.21 | 15.72 | |
| DOH | days | 24.75 | 27.03 | 25.86 | 22.51 | 23.23 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.75
= 24.75
The days of inventory on hand (DOH) for News Corp B have shown some fluctuation over the past five years.
In 2024, the DOH decreased to 24.75 days from 27.03 days in 2023. This suggests that the company was able to sell its inventory more quickly in 2024 compared to the previous year.
However, when compared to 2022 and 2021, where the DOH was 25.86 days and 22.51 days respectively, the 2024 figure is within a similar range, indicating relatively stable inventory management practices.
In 2020, the DOH was 23.23 days, which is slightly lower than the 2024 figure. This implies that in 2020, News Corp B was holding less inventory on hand compared to 2024.
Overall, the changing trend in DOH for News Corp B indicates varying efficiency in managing its inventory levels over the past five years. It is essential for the company to monitor and possibly optimize its inventory turnover to enhance cash flow and operational efficiency.
Peer comparison
Jun 30, 2024