News Corp B (NWS)
Working capital 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 current assets | US$ in thousands | 4,372,000 | 4,128,000 | 4,003,000 | 3,969,000 | 4,053,000 | 4,032,000 | 3,763,000 | 3,754,000 | 4,093,000 | 4,162,000 | 4,599,000 | 4,372,000 | 4,456,000 | 3,943,000 | 3,596,000 | 3,435,000 | 3,461,000 | 3,741,000 | 3,718,000 | 3,799,000 |
| Total current liabilities | US$ in thousands | 3,055,000 | 3,042,000 | 2,784,000 | 3,037,000 | 3,165,000 | 3,204,000 | 2,939,000 | 3,013,000 | 3,519,000 | 3,527,000 | 3,233,000 | 3,272,000 | 3,234,000 | 3,169,000 | 2,861,000 | 2,738,000 | 2,682,000 | 2,689,000 | 2,727,000 | 3,492,000 |
| Working capital turnover | 7.66 | 9.15 | 8.17 | 10.62 | 11.12 | 12.22 | 12.34 | 13.98 | 18.09 | 16.07 | 7.35 | 8.86 | 7.66 | 11.36 | 11.86 | 12.60 | 11.56 | 9.08 | 9.83 | 32.21 |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $10,085,000K ÷ ($4,372,000K – $3,055,000K)
= 7.66
The working capital turnover ratio for News Corp B has shown fluctuations over the periods analyzed. The ratio indicates how efficiently the company is utilizing its working capital to generate sales. A higher turnover ratio generally suggests that the company is effectively managing its working capital and efficiently using its current assets to generate revenue.
From the data provided, it is observed that the working capital turnover ratio has varied between 7.35 and 32.21 over the past few quarters. There is no consistent trend in the ratio, with fluctuations seen in different periods. It peaked at 32.21 in the first quarter of 2022 and decreased significantly in subsequent periods.
It is important to note that a high turnover ratio may indicate that the company is aggressively managing its working capital, potentially risking shortages in liquidity. On the other hand, a lower turnover ratio may signal inefficiency in managing working capital, leading to potential excess funds tied up in non-productive assets.
Further analysis of the company's financial statements and operating activities would be necessary to understand the factors influencing the fluctuations in the working capital turnover ratio for News Corp B.
Peer comparison
Jun 30, 2024