News Corp B (NWS)
Payables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,365,000 | 4,199,000 | 4,389,000 | 4,102,000 | 5,469,000 |
| Payables | US$ in thousands | 314,000 | 440,000 | 411,000 | 321,000 | 351,000 |
| Payables turnover | 13.90 | 9.54 | 10.68 | 12.78 | 15.58 |
June 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,365,000K ÷ $314,000K
= 13.90
The payables turnover ratio for News Corp B has fluctuated over the past five years, ranging from 9.54 to 15.58. The ratio indicates how many times a company pays off its accounts payable during a specific period. A higher payables turnover ratio suggests that the company is paying off its suppliers more frequently.
In the most recent fiscal year ending June 30, 2024, the payables turnover ratio was 13.90, showing an improvement compared to the previous year. This suggests that News Corp B has become more efficient in managing its accounts payable and is paying off its suppliers at a faster rate.
Overall, a consistently high payables turnover ratio can indicate strong liquidity management and good relationships with suppliers. However, it is essential to consider industry norms and company-specific factors when interpreting this ratio.
Peer comparison
Jun 30, 2024