News Corp B (NWS)
Total asset 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 |
| Total assets | US$ in thousands | 16,684,000 | 16,921,000 | 17,221,000 | 16,771,000 | 14,261,000 |
| Total asset turnover | 0.60 | 0.58 | 0.60 | 0.56 | 0.63 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,085,000K ÷ $16,684,000K
= 0.60
The total asset turnover of News Corp B has shown some variability over the past five years. The ratio ranged from 0.56 in 2021 to 0.63 in 2020, indicating fluctuations in how efficiently the company is generating revenue from its total assets. In 2024, the total asset turnover stands at 0.60, which suggests that for every dollar of total assets, News Corp B is generating 60 cents in revenue. This indicates an average level of efficiency in utilizing its assets to generate sales compared to the previous years. Further analysis could be conducted to understand the underlying reasons for these fluctuations and identify opportunities for improvement in asset utilization.
Peer comparison
Jun 30, 2024