News Corp B (NWS)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,365,000 | 4,269,000 | 4,228,000 | 4,215,000 | 4,199,000 | 4,329,000 | 4,377,000 | 4,409,000 | 4,389,000 | 4,425,000 | 4,382,000 | 4,248,000 | 4,102,000 | 3,144,000 | 4,118,000 | 4,174,000 | 4,526,000 | 5,315,000 | 4,299,000 | 4,289,000 |
| Inventory | US$ in thousands | 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 | 348,000 | 363,000 | 358,000 | 402,000 |
| Inventory turnover | 14.75 | 12.90 | 14.24 | 11.15 | 13.50 | 12.16 | 13.34 | 11.82 | 14.11 | 14.37 | 17.67 | 13.79 | 16.21 | 12.78 | 20.29 | 20.56 | 13.01 | 14.64 | 12.01 | 10.67 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,365,000K ÷ $296,000K
= 14.75
The inventory turnover of News Corp B has fluctuated over the last 20 quarters, ranging from a low of 10.67 to a high of 20.56. On average, the company's inventory turnover ratio has been around 14, indicating that the company typically sells and replenishes its inventory approximately 14 times a year.
The trend in the inventory turnover ratio shows some volatility, with peaks and troughs occurring across different quarters. However, in recent quarters, there appears to be an increasing trend in inventory turnover, with ratios consistently exceeding 14, suggesting that the company has been improving its efficiency in managing and selling inventory.
A higher inventory turnover ratio generally indicates better inventory management and liquidity, as it implies that products are selling quickly and not sitting idle. This can lead to reduced carrying costs and potential obsolescence risks.
Overall, News Corp B's inventory turnover ratio reflects a reasonably healthy operational efficiency in managing its inventory levels, but it is important to continue monitoring trends to ensure sustained improvements in inventory management practices.
Peer comparison
Jun 30, 2024
Jun 30, 2024