News Corp B (NWS)
Cash conversion cycle
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 28.45 | 18.66 | 19.44 | 19.53 | 16.75 |
| Days of sales outstanding (DSO) | days | 68.71 | 54.40 | 52.65 | 52.79 | 58.43 |
| Number of days of payables | days | 29.15 | 19.80 | 27.51 | 25.81 | 21.26 |
| Cash conversion cycle | days | 68.01 | 53.26 | 44.58 | 46.51 | 53.93 |
June 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 28.45 + 68.71 – 29.15
= 68.01
The cash conversion cycle (CCC) for News Corp B has exhibited notable fluctuations over the period from June 30, 2021, to June 30, 2025. The CCC was 53.93 days as of June 30, 2021, indicating the time taken for the company to convert its investments in inventory and other resources into cash flows from sales was approximately 54 days. This period decreased to 46.51 days by June 30, 2022, and further declined to 44.58 days as of June 30, 2023, reflecting an improvement in the company's operational efficiency and management of working capital components.
However, the trend reversed thereafter, with the CCC increasing to 53.26 days by June 30, 2024, suggesting a elongation in the cycle that could be due to slower receivables collection, longer inventory turnover, or extended payables period. The upward movement continued notably in the subsequent year, with the CCC reaching 68.01 days as of June 30, 2025. This significant increase indicates a deterioration in the cash conversion efficiency, possibly implying delays in collections, inventory build-up, or changes in payment terms with suppliers.
Overall, the data illustrates that News Corp B experienced an initial period of cycle efficiency improvement from 2021 through 2023, followed by a subsequent deterioration in the cycle from 2024 onward. The variations in the CCC could be influenced by changes in operational strategies, industry conditions, or external economic factors impacting receivables, inventories, and payables management.
Peer comparison
Jun 30, 2025