News Corp B (NWS)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,085,000 | 9,941,000 | 9,965,000 | 9,900,000 | 9,879,000 | 10,120,000 | 10,165,000 | 10,361,000 | 10,385,000 | 10,203,000 | 10,046,000 | 9,743,000 | 9,358,000 | 8,789,000 | 8,720,000 | 8,785,000 | 9,008,000 | 9,551,000 | 9,742,000 | 9,890,000 |
| Property, plant and equipment | US$ in thousands | 1,914,000 | 1,901,000 | 1,985,000 | 1,947,000 | 2,042,000 | 2,017,000 | 2,045,000 | 1,971,000 | 2,103,000 | 2,167,000 | 2,134,000 | 2,162,000 | 2,272,000 | 2,261,000 | 2,315,000 | 2,225,000 | 2,256,000 | 2,225,000 | 2,476,000 | 2,433,000 |
| Fixed asset turnover | 5.27 | 5.23 | 5.02 | 5.08 | 4.84 | 5.02 | 4.97 | 5.26 | 4.94 | 4.71 | 4.71 | 4.51 | 4.12 | 3.89 | 3.77 | 3.95 | 3.99 | 4.29 | 3.93 | 4.06 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,085,000K ÷ $1,914,000K
= 5.27
The fixed asset turnover ratio of News Corp B has shown fluctuations over the past quarters. The ratio measures how efficiently the company is generating revenue from its fixed assets. A higher fixed asset turnover ratio indicates better efficiency in utilizing fixed assets to generate sales.
Analyzing the data, we see that the fixed asset turnover ratio ranged from a low of 3.77 to a high of 5.27 over the last few quarters. The ratio peaked at 5.27 in June 2024, suggesting that News Corp B generated $5.27 in sales for every $1 of fixed assets during that period. This indicates efficient utilization of fixed assets to generate revenue.
On the other hand, the lowest ratio of 3.77 in March 2021 reflects a lower level of efficiency in utilizing fixed assets to generate sales. It is essential to examine the factors contributing to these fluctuations, such as changes in sales, acquisitions of fixed assets, or impairments.
Overall, News Corp B has demonstrated a relatively strong fixed asset turnover performance, with the ratio consistently above 4. This indicates that the company has been effectively using its fixed assets to generate revenue, which is a positive sign for investors and stakeholders.
Peer comparison
Jun 30, 2024