News Corp B (NWS)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 14.75 12.90 14.24 11.15 13.50 12.16 13.34 11.82 14.11 14.37 17.67 13.79 16.21 12.78 20.29 20.56 13.01 14.64 12.01 10.67
Receivables turnover 6.71 6.91 6.57 6.35 6.93 6.57 6.21 7.03 6.91 6.66 6.03 6.50 6.25 6.58 6.04 7.08 7.49 7.72 6.21 6.42
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
Working capital turnover 7.66 9.15 8.17 10.62 11.12 12.22 12.34 13.98 18.09 16.07 7.35 8.86 7.66 11.36 11.86 12.60 11.56 9.08 9.83 32.21

The activity ratios of News Corp B provide insights into the efficiency of its inventory management, accounts receivable collection, accounts payable management, and overall working capital turnover.

1. Inventory Turnover: The company's inventory turnover has been relatively stable over the analyzed periods, ranging between 10.67 and 20.56 times. This indicates that News Corp B effectively sells and replenishes its inventory, with higher values showing faster inventory turnover.

2. Receivables Turnover: News Corp B's receivables turnover has also remained consistent, fluctuating between 6.03 and 7.72 times. This suggests that the company efficiently collects on its credit sales, with higher turnover rates indicating quicker collection.

3. Payables Turnover: The payables turnover for News Corp B has varied significantly, ranging from 9.36 to 17.40 times. This shows different patterns in managing payables, with higher turnover ratios indicating faster payment to suppliers.

4. Working Capital Turnover: The working capital turnover of News Corp B has shown fluctuation, ranging from 7.35 to 32.21 times. A higher turnover implies efficient utilization of working capital to generate sales revenue, while lower values may indicate an opportunity to improve working capital management.

Overall, analyzing these activity ratios provides valuable insights into the operational efficiency and effectiveness of News Corp B in managing its inventory, receivables, payables, and working capital turnover. Monitoring these ratios over time can help identify trends and areas for improvement in the company's financial performance.

Average number of days

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
Days of inventory on hand (DOH) days 24.75 28.30 25.64 32.73 27.03 30.02 27.35 30.88 25.86 25.41 20.66 26.46 22.51 28.56 17.99 17.75 28.06 24.93 30.40 34.21
Days of sales outstanding (DSO) days 54.40 52.80 55.53 57.48 52.65 55.54 58.74 51.89 52.79 54.81 60.49 56.16 58.43 55.44 60.44 51.52 48.75 47.27 58.82 56.84
Number of days of payables days 26.26 23.00 20.98 28.06 38.25 34.32 25.68 28.81 34.18 26.15 29.24 26.55 28.56 39.01 25.79 28.16 28.31 23.49 31.84 34.55

The days of inventory on hand (DOH) for News Corp B have fluctuated over the past few quarters, ranging from 17.75 days to 34.21 days. In general, it appears that the company has been effectively managing its inventory levels, with a decreasing trend observed in recent quarters.

The days of sales outstanding (DSO) metric have also shown variability, with values ranging from 47.27 days to 60.49 days. This implies that the company has been experiencing fluctuations in the time taken to collect its accounts receivable.

Furthermore, the number of days of payables for News Corp B has exhibited fluctuations, varying from 20.98 days to 39.01 days. These variations indicate changes in the company's payment policies and the time taken to settle its accounts payable.

Overall, by monitoring these activity ratios, stakeholders can assess how effectively News Corp B is managing its inventory, collecting receivables, and paying its suppliers. A lower DOH indicates efficient inventory management, a lower DSO suggests quicker collection of receivables, and a higher number of days of payables may signify better cash flow management through delayed payments to suppliers.

Long-term

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
Fixed asset turnover 5.27 5.23 5.02 5.08 4.84 5.02 4.97 5.26 4.94 4.71 4.71 4.51 4.12 3.89 3.77 3.95 3.99 4.29 3.93 4.06
Total asset turnover 0.60 0.60 0.60 0.60 0.58 0.59 0.60 0.63 0.60 0.59 0.61 0.59 0.56 0.57 0.58 0.61 0.63 0.66 0.60 0.61

The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover indicates that the company is generating more revenue per dollar invested in fixed assets. News Corp B's fixed asset turnover has been relatively stable over the past few quarters, ranging between 4.12 and 5.27. This suggests that the company has been able to consistently generate revenue from its fixed assets.

Total asset turnover, on the other hand, measures how efficiently a company is using its total assets to generate revenue. A higher total asset turnover implies that the company is generating more revenue for each dollar of total assets. News Corp B's total asset turnover ratio has also remained fairly consistent, ranging from 0.56 to 0.66 over the same time period. This indicates that the company has been able to effectively utilize its total assets to generate revenue.

Overall, News Corp B's long-term activity ratios suggest that the company is effectively managing its assets to generate revenue efficiently. The stability in both fixed asset turnover and total asset turnover ratios indicates consistent performance in asset utilization.