News Corp B (NWS)
Inventory turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,079,000 | 2,532,000 | 3,962,000 | 4,361,000 | 5,798,000 | 5,796,000 | 5,834,000 | 5,824,000 | 5,840,000 | 5,927,000 | 5,877,000 | 5,856,000 | 5,812,000 | 5,733,000 | 5,674,000 | 5,593,000 | 5,512,000 | 5,008,000 | 5,091,000 | 5,237,000 |
| Inventory | US$ in thousands | 327,000 | 317,000 | 296,000 | 378,000 | 296,000 | 331,000 | 297,000 | 378,000 | 311,000 | 356,000 | 328,000 | 373,000 | 311,000 | 308,000 | 248,000 | 308,000 | 253,000 | 246,000 | 203,000 | 203,000 |
| Inventory turnover | 3.30 | 7.99 | 13.39 | 11.54 | 19.59 | 17.51 | 19.64 | 15.41 | 18.78 | 16.65 | 17.92 | 15.70 | 18.69 | 18.61 | 22.88 | 18.16 | 21.79 | 20.36 | 25.08 | 25.80 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,079,000K ÷ $327,000K
= 3.30
The inventory turnover ratio of News Corp B demonstrates notable fluctuations over the period from September 2020 to June 2025. Initially, the ratio was relatively high at 25.80 in September 2020, indicating efficient inventory management and a swift movement of stock through the business. Throughout 2021, the ratio exhibited some decline, reaching a low of 18.16 in September 2021 before recovering to 22.88 by the end of that year.
In 2022, the ratio stabilized somewhat, fluctuating between approximately 16.65 and 18.69, and ending June 2022 at 18.69. The trend continued into 2023, with the ratio experiencing minor declines and recoveries, peaking at 19.64 in December 2023 before decreasing to 17.51 in March 2024 and rising again to 19.59 in June 2024.
From the second half of 2024 into 2025, there is a significant downward trend observed. By September 2024, the ratio had peaked at 19.59 but then declined sharply to 11.54 in September 2024, and further decreased to 13.39 in December 2024. The decline intensified in early 2025, reaching a low of 7.99 in March 2025, with a further decrease to 3.30 by June 2025.
This marked decline in inventory turnover over the 2024-2025 period suggests a substantial slowdown in inventory movement relative to sales. An increasing ratio historically implied more efficient inventory management; however, the recent sharp decrease could indicate accumulation of unsold stock, potential difficulties in inventory liquidation, or changes in sales volume and inventory management policies. Such a trend warrants further analysis regarding operational efficiency, sales performance, and inventory strategy adjustments, particularly considering the notable decline in recent months.
Peer comparison
Jun 30, 2025
Jun 30, 2025