News Corp B (NWS)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,085,000 | 9,879,000 | 10,385,000 | 9,358,000 | 9,008,000 |
| Property, plant and equipment | US$ in thousands | 1,914,000 | 2,042,000 | 2,103,000 | 2,272,000 | 2,256,000 |
| Fixed asset turnover | 5.27 | 4.84 | 4.94 | 4.12 | 3.99 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,085,000K ÷ $1,914,000K
= 5.27
News Corp B's fixed asset turnover has shown an increasing trend over the past five years, indicating improved efficiency in generating revenue from its fixed assets. The ratio has increased from 3.99 in 2020 to 5.27 in 2024, demonstrating a positive trajectory in utilizing its fixed assets to generate sales. This suggests that the company is effectively utilizing its property, plant, and equipment to generate higher revenues, which is a positive sign for its operational efficiency and return on investment. An increasing fixed asset turnover ratio is generally viewed positively by investors and indicates that the company is effectively managing and utilizing its fixed assets to drive revenue growth.
Peer comparison
Jun 30, 2024