News Corp B (NWS)
Total asset 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 |
| Total assets | US$ in thousands | 16,684,000 | 16,544,000 | 16,681,000 | 16,475,000 | 16,921,000 | 17,034,000 | 16,891,000 | 16,387,000 | 17,221,000 | 17,419,000 | 16,520,000 | 16,418,000 | 16,771,000 | 15,397,000 | 15,094,000 | 14,400,000 | 14,261,000 | 14,428,000 | 16,282,000 | 16,233,000 |
| 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 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,085,000K ÷ $16,684,000K
= 0.60
Total asset turnover is a measure of a company's efficiency in generating sales from its total assets. News Corp B's total asset turnover has been relatively stable over the past few quarters, averaging around 0.60. This indicates that, on average, the company generates $0.60 in sales for every $1 of total assets it owns. The slight fluctuations in the ratio from quarter to quarter suggest consistent performance in utilizing its assets to drive revenue. The recent increase in total asset turnover to 0.63 in September 2022 could indicate improved efficiency in asset utilization, potentially due to operational improvements or changes in business strategy. Overall, News Corp B's total asset turnover ratio suggests that the company is effectively managing its assets to generate sales.
Peer comparison
Jun 30, 2024