News Corp B (NWS)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 14.75 | 12.90 | 14.24 | 11.15 | 13.50 | 12.16 | 13.34 | 11.82 | 14.11 | 14.37 | 17.67 | 13.79 | 16.21 | 12.78 | 20.29 | 20.56 | 13.01 | 14.64 | 12.01 | 10.67 | |
| DOH | days | 24.75 | 28.30 | 25.64 | 32.73 | 27.03 | 30.02 | 27.35 | 30.88 | 25.86 | 25.41 | 20.66 | 26.46 | 22.51 | 28.56 | 17.99 | 17.75 | 28.06 | 24.93 | 30.40 | 34.21 |
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 fluctuations over the past quarters. The company had a DOH of 24.75 days as of June 30, 2024, which means on average, it takes approximately 24.75 days for the company to convert its inventory into sales. This figure decreased compared to the previous quarter where the DOH was 28.30 days.
Looking at the trend over the past few quarters, we see that DOH peaked at 34.21 days on December 31, 2019, before gradually declining to a low of 17.75 days on September 30, 2020. Since then, there have been fluctuations in the DOH figures, indicating potential changes in the company's inventory management efficiency.
It is important for News Corp B to monitor its DOH closely as a higher number of days indicates a longer time to sell inventory, potentially tying up resources and impacting cash flow. Conversely, a low DOH may suggest inventory shortages or potential sales opportunities being missed. By analyzing trends in DOH, the company can assess its inventory management practices and make adjustments as needed to optimize operations and financial performance.
Peer comparison
Jun 30, 2024