News Corp B (NWS)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,085,000 | 9,941,000 | 9,965,000 | 9,900,000 | 9,879,000 | 10,120,000 | 10,165,000 | 10,361,000 | 10,385,000 | 10,203,000 | 10,046,000 | 9,743,000 | 9,358,000 | 8,789,000 | 8,720,000 | 8,785,000 | 9,008,000 | 9,551,000 | 9,742,000 | 9,890,000 |
| Receivables | US$ in thousands | 1,503,000 | 1,438,000 | 1,516,000 | 1,559,000 | 1,425,000 | 1,540,000 | 1,636,000 | 1,473,000 | 1,502,000 | 1,532,000 | 1,665,000 | 1,499,000 | 1,498,000 | 1,335,000 | 1,444,000 | 1,240,000 | 1,203,000 | 1,237,000 | 1,570,000 | 1,540,000 |
| 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 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,085,000K ÷ $1,503,000K
= 6.71
The receivables turnover ratio for News Corp B has exhibited some fluctuations over the past several quarters. The ratio, which measures how efficiently a company is collecting on its credit sales, has ranged from a low of 6.03 to a high of 7.72 over the last 20 quarters.
Overall, the trend shows some variability but indicates that the company generally collects its accounts receivable approximately 6 to 7 times a year, with fluctuations indicating potential changes in the company's credit policies or the payment behavior of its customers. It is important for the company to monitor this ratio closely to ensure effective management of its receivables and maintain healthy cash flow.
Peer comparison
Jun 30, 2024