News Corp B (NWS)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,085,000 | 9,879,000 | 10,385,000 | 9,358,000 | 9,008,000 |
| Receivables | US$ in thousands | 1,503,000 | 1,425,000 | 1,502,000 | 1,498,000 | 1,203,000 |
| Receivables turnover | 6.71 | 6.93 | 6.91 | 6.25 | 7.49 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $10,085,000K ÷ $1,503,000K
= 6.71
The receivables turnover ratio measures how efficiently a company is able to collect its accounts receivable during a specific period. A higher receivables turnover ratio indicates that the company is collecting its receivables more quickly.
For News Corp B, the receivables turnover has fluctuated over the past five years, ranging from 6.25 to 7.49. In general, the company has been able to collect its accounts receivable approximately 6.71 to 7.49 times a year during this period.
The slight fluctuations in the receivables turnover ratio suggest that News Corp B has maintained a relatively consistent efficiency in collecting its receivables over the years. Overall, the company's receivables turnover ratio appears to be within a reasonable range, indicating that the company is managing its accounts receivable effectively.
Peer comparison
Jun 30, 2024