News Corp B (NWS)
Working capital turnover
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,452,000 | 10,085,000 | 9,879,000 | 10,385,000 | 9,358,000 |
| Total current assets | US$ in thousands | 4,811,000 | 4,372,000 | 4,053,000 | 4,093,000 | 4,456,000 |
| Total current liabilities | US$ in thousands | 2,608,000 | 3,055,000 | 3,165,000 | 3,519,000 | 3,234,000 |
| Working capital turnover | 3.84 | 7.66 | 11.12 | 18.09 | 7.66 |
June 30, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $8,452,000K ÷ ($4,811,000K – $2,608,000K)
= 3.84
The working capital turnover ratios for News Corp B over the specified periods indicate notable fluctuations in operational efficiency concerning working capital management.
As of June 30, 2021, the working capital turnover stood at 7.66, suggesting a relatively efficient utilization of working capital in generating sales. This ratio increased significantly in the subsequent year, reaching a peak of 18.09 on June 30, 2022. Such a sharp rise signifies that the company was able to generate higher sales per dollar of working capital during this period, potentially due to more effective asset management or operational scaling strategies.
However, this heightened efficiency was not sustained. By June 30, 2023, the ratio declined to 11.12, indicating a reduction in the intensity of working capital utilization relative to sales, possibly due to increased working capital needs or operational adjustments. The ratio then reverted to the original level of 7.66 on June 30, 2024, suggesting a return to previous working capital efficiency levels.
Most recently, the working capital turnover further decreased to 3.84 as of June 30, 2025, reflecting a substantial drop in sales generated per unit of working capital. This decline could imply increased working capital requirements, declining operational efficiency, or changes in the business environment or strategic focus.
Overall, the trend demonstrates significant volatility in the company's working capital efficiency over the observed period, with a peak in mid-2022 followed by a notable decline, culminating in a lower ratio in 2025 compared to the earlier years. This pattern warrants further investigation into underlying operational and strategic factors influencing working capital management during these years.
Peer comparison
Jun 30, 2025