News Corp B (NWS)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.71 | 6.91 | 6.57 | 6.35 | 6.93 | 6.57 | 6.21 | 7.03 | 6.91 | 6.66 | 6.03 | 6.50 | 6.25 | 6.58 | 6.04 | 7.08 | 7.49 | 7.72 | 6.21 | 6.42 | |
| DSO | days | 54.40 | 52.80 | 55.53 | 57.48 | 52.65 | 55.54 | 58.74 | 51.89 | 52.79 | 54.81 | 60.49 | 56.16 | 58.43 | 55.44 | 60.44 | 51.52 | 48.75 | 47.27 | 58.82 | 56.84 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.71
= 54.40
The Days Sales Outstanding (DSO) ratio for News Corp B has fluctuated over the past several quarters. DSO represents the average number of days it takes for the company to collect revenue after making a sale.
Based on the data provided, we can see that the DSO for News Corp B ranged from a low of 47.27 days to a high of 60.49 days over the past two years. A lower DSO indicates that the company is able to collect its accounts receivable faster, which is generally considered more favorable as it reflects strong cash flow management.
In analyzing the trend, we observe that the DSO has shown some volatility, with fluctuations occurring quarter by quarter. While the DSO has exhibited some variability, it is important to assess these figures in conjunction with other financial metrics to gain a comprehensive understanding of News Corp B's financial health and operational efficiency.
It would be advisable for News Corp B to closely monitor its DSO and implement strategies to improve its collections process if necessary. This may involve tightening credit terms, enhancing collection procedures, or focusing on customer creditworthiness assessments.
Overall, a detailed analysis of the DSO ratio over time can provide valuable insights into the company's credit management practices and efficiency in converting sales into cash.
Peer comparison
Jun 30, 2024