News Corp B (NWS)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.90 | 9.54 | 10.68 | 12.78 | 15.58 | |
| Number of days of payables | days | 26.26 | 38.25 | 34.18 | 28.56 | 23.43 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.90
= 26.26
The number of days of payables for News Corp B has fluctuated over the past five years. As of June 30, 2024, the company takes approximately 26.26 days to pay its suppliers, which represents a significant decrease compared to the prior year. This indicates that the company is managing its trade payables more efficiently in the current period.
In the previous year, as of June 30, 2023, News Corp B took approximately 38.25 days to settle its payables, showing a longer payment period compared to the current year. However, this was an improvement from the year before, where the number of days of payables was lower at 34.18 days as of June 30, 2022.
Looking further back, as of June 30, 2021, the company's number of days of payables stood at 28.56 days, reflecting a moderate increase compared to the prior year. In the oldest data provided, as of June 30, 2020, News Corp B had the lowest number of days of payables at 23.43 days, indicating a relatively quicker payment cycle in that period.
Overall, the trend in the number of days of payables for News Corp B suggests some variability, with fluctuations between years. It is important for investors and analysts to monitor this metric to assess the company's management of its trade payables and its relationships with suppliers.
Peer comparison
Jun 30, 2024