News Corp B (NWS)
Inventory turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,195,000 | 5,789,000 | 5,838,000 | 5,812,000 | 5,512,000 |
| Inventory | US$ in thousands | 327,000 | 296,000 | 311,000 | 311,000 | 253,000 |
| Inventory turnover | 12.83 | 19.56 | 18.77 | 18.69 | 21.79 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,195,000K ÷ $327,000K
= 12.83
The inventory turnover ratio for News Corp B has demonstrated fluctuations over the specified period from June 30, 2021, to June 30, 2025. In fiscal year 2021, the ratio stood at 21.79, indicating a relatively efficient management of inventory and rapid sales relative to inventory levels. By the following year, 2022, the ratio declined to 18.69, suggesting a slight decrease in sales efficiency or an increase in inventory holdings relative to sales.
The ratio remained relatively stable in 2023, with a marginal increase to 18.77, implying that inventory management and sales relative to inventory levels were maintained at approximately the same level as the previous year. In 2024, the ratio improved to 19.56, signaling a modest enhancement in inventory turnover, which could be indicative of improved sales performance or better inventory management practices.
However, a marked decrease occurs in 2025, where the ratio drops significantly to 12.83. This decline suggests a notable slowdown in inventory turnover, which may be attributed to slower sales, excess inventory accumulation, or changes in operational efficiency. Such a reduction implies that inventory is being held longer before sale, potentially impacting liquidity and operational efficiency.
Overall, the trend shows an initial decrease in inventory turnover from 2021 through 2022, a stabilization in 2023, a slight recovery in 2024, and a substantial decline in 2025. This pattern warrants further investigation into the underlying causes, such as market demand fluctuations, inventory management strategies, or changes in product mix, to better understand the implications for the company's operational performance and financial health.
Peer comparison
Jun 30, 2025