News Corp B (NWS)
Payables 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 |
| Payables | US$ in thousands | 314,000 | 269,000 | 243,000 | 324,000 | 440,000 | 407,000 | 308,000 | 348,000 | 411,000 | 317,000 | 351,000 | 309,000 | 321,000 | 336,000 | 291,000 | 322,000 | 351,000 | 342,000 | 375,000 | 406,000 |
| Payables turnover | 13.90 | 15.87 | 17.40 | 13.01 | 9.54 | 10.64 | 14.21 | 12.67 | 10.68 | 13.96 | 12.48 | 13.75 | 12.78 | 9.36 | 14.15 | 12.96 | 12.89 | 15.54 | 11.46 | 10.56 |
June 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,365,000K ÷ $314,000K
= 13.90
The payables turnover ratio for News Corp B has varied over the past several quarters, indicating changes in the company's ability to efficiently manage its accounts payable.
The payables turnover ratio measures how many times a company pays off its accounts payable during a specific period. A higher ratio suggests that the company is paying off its suppliers more frequently, which can be a positive indicator of strong liquidity and good relationships with vendors.
From the data provided, we observe fluctuations in News Corp B's payables turnover ratio. In the most recent quarter, the payables turnover ratio was 13.90, indicating that the company paid off its accounts payable approximately 13.90 times during that quarter. This suggests a relatively efficient management of payables.
Looking at the trend over the past few quarters, we see some variability in the payables turnover ratio. The ratios ranged from a low of 9.36 to a high of 17.40. An increasing trend in the payables turnover ratio over time may signal that News Corp B is becoming more efficient in managing its payables, whereas a decreasing trend could indicate slower payments to suppliers.
It is important for stakeholders to monitor the payables turnover ratio in conjunction with other financial metrics to assess the overall financial health and efficiency of News Corp B. Further analysis and comparison with industry benchmarks may provide additional insights into the company's financial performance.
Peer comparison
Jun 30, 2024