News Corp B (NWS)
Payables 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 |
| Payables | US$ in thousands | 335,000 | 314,000 | 440,000 | 411,000 | 321,000 |
| Payables turnover | 12.52 | 18.44 | 13.27 | 14.14 | 17.17 |
June 30, 2025 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,195,000K ÷ $335,000K
= 12.52
The payables turnover ratio for News Corp B over the specified period reflects fluctuations in the company's ability to manage its accounts payable relative to its cost of goods sold or operating expenses. As of June 30, 2021, the ratio stood at 17.17, indicating that the company was settling its payables approximately 17 times during the fiscal year, which suggests an efficient payment cycle. This ratio declined in subsequent years, reaching 14.14 as of June 30, 2022 and further decreasing to 13.27 by June 30, 2023, implying a lengthening in the average time taken to settle payables or a relative slowdown in turnover.
In the following year, June 30, 2024, a significant increase is observed, with the ratio rising to 18.44. This indicates an improvement in the payables turnover, reflecting either faster payment processing or a change in purchasing terms, leading to a more efficient turnover of payables. However, in the subsequent period ending June 30, 2025, the ratio decreased substantially to 12.52, suggesting a lengthening of the payables payment cycle or possible changes in vendor payment terms, which may impact liquidity management.
Overall, the trend demonstrates periods of both acceleration and deceleration in payables turnover, with the most recent ratio indicating a slower payment cycle compared to the previous year. These fluctuations could be attributed to strategic alterations in payment policies, changes in procurement processes, or shifts in working capital management strategies.
Peer comparison
Jun 30, 2025