News Corp B (NWS)
Payables turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,079,000 | 2,532,000 | 3,962,000 | 4,361,000 | 5,798,000 | 5,796,000 | 5,834,000 | 5,824,000 | 5,840,000 | 5,927,000 | 5,877,000 | 5,856,000 | 5,812,000 | 5,733,000 | 5,674,000 | 5,593,000 | 5,512,000 | 5,008,000 | 5,091,000 | 5,237,000 |
| Payables | US$ in thousands | 335,000 | 371,000 | 365,000 | 374,000 | 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 |
| Payables turnover | 3.22 | 6.82 | 10.85 | 11.66 | 18.46 | 21.55 | 24.01 | 17.98 | 13.27 | 14.56 | 19.08 | 16.83 | 14.14 | 18.09 | 16.17 | 18.10 | 17.17 | 14.90 | 17.49 | 16.26 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,079,000K ÷ $335,000K
= 3.22
The payables turnover ratio for News Corp B exhibits notable fluctuations over the period from September 2020 to June 2025. Initially, the ratio remained relatively high in late 2020, with values of 16.26 in September and increasing slightly to 17.49 by December. During the first quarter of 2021, a slight decline to 14.90 was observed, but the ratio improved again in the subsequent quarters, reaching 18.10 in September 2021, and peaking at 19.08 in December 2022.
This pattern suggests periods of increased efficiency in managing supplier payments, particularly in late 2022, where the ratio reached its highest point in the provided data. Conversely, following this peak, a downward trend emerges, with the ratio dropping to 14.56 in March 2023, indicating a possible elongation in the accounts payable period, which might reflect extended payment terms or delayed supplier payments.
The decline continues into mid-2023 and further into 2024, with the ratio falling to approximately 11.66 in September 2024 and reaching 10.85 by December 2024. The most significant decrease appears in 2025, with ratios of 6.82 in March and a further decline to 3.22 by June, illustrating a marked reduction in the frequency of paying suppliers.
Overall, the trend indicates a shift from relatively high payables turnover ratios in late 2020 through 2022 towards progressively lower ratios in 2023 and 2024, culminating in a sharp decline in 2025. This pattern may suggest a strategic change in payment policies, potential cash flow constraints, or altered supplier relationships impacting the company's liquidity and operational flexibility concerning accounts payable management.
Peer comparison
Jun 30, 2025