News Corp B (NWS)
Cash conversion cycle
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 110.62 | 45.70 | 27.27 | 31.64 | 18.63 | 20.84 | 18.58 | 23.69 | 19.44 | 21.92 | 20.37 | 23.25 | 19.53 | 19.61 | 15.95 | 20.10 | 16.75 | 17.93 | 14.55 | 14.15 |
| Days of sales outstanding (DSO) | days | 67.46 | 59.75 | 64.36 | 66.76 | 59.60 | 57.93 | 58.16 | 57.48 | 52.65 | 55.54 | 58.74 | 51.89 | 52.79 | 54.81 | 60.49 | 56.16 | 58.43 | 55.44 | 60.44 | 51.52 |
| Number of days of payables | days | 113.32 | 53.48 | 33.63 | 31.30 | 19.77 | 16.94 | 15.20 | 20.31 | 27.50 | 25.06 | 19.13 | 21.69 | 25.81 | 20.18 | 22.58 | 20.17 | 21.26 | 24.49 | 20.86 | 22.44 |
| Cash conversion cycle | days | 64.75 | 51.97 | 58.00 | 67.10 | 58.46 | 61.83 | 61.54 | 60.86 | 44.59 | 52.40 | 59.99 | 53.45 | 46.51 | 54.23 | 53.87 | 56.09 | 53.93 | 48.88 | 54.13 | 43.23 |
June 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 110.62 + 67.46 – 113.32
= 64.75
The cash conversion cycle (CCC) of News Corp B has demonstrated notable fluctuations over the analyzed period. Initially, as of September 30, 2020, the CCC was approximately 43.23 days, indicating a relatively efficient collection and inventory management process. Throughout 2020 and into early 2021, the CCC experienced an upward trend, reaching a peak of approximately 56.09 days on September 30, 2021, reflecting extended periods related to receivables, inventories, or payables.
Between late 2021 and early 2022, the CCC remained relatively stable around the mid-50s days, with minor fluctuations. A decrease was observed in mid-2022, with the CCC falling to approximately 46.51 days as of June 30, 2022. Nonetheless, the cycle increased again subsequently, reaching roughly 54 days by September 2022 and peaking higher at approximately 60 days on December 31, 2022, indicating a reversal to longer collection and inventory turnover periods.
In 2023, the CCC exhibited some stabilization, with values around the low to mid-50s days, easing to approximately 44.59 days by June 30, 2023. However, from September 2023 onwards, the CCC extended significantly, reaching approximately 60.86 days on September 30, 2023, and further to 61.54 days by December 31, 2023. The trend persisted into early 2024, with the CCC registering around 61.83 days on March 31, 2024, before a slight reduction to approximately 58.46 days by June 30, 2024.
In the subsequent period, the CCC increased again, reaching a high of approximately 67.10 days on September 30, 2024. Following this peak, there was a notable decrease to about 58.00 days by December 2024, and then a further decline to approximately 51.97 days on March 31, 2025. The cycle then increased again to around 64.75 days as of June 30, 2025.
Overall, the CCC has exhibited substantial variability, oscillating from lows of around 43 days to highs exceeding 67 days over the period. This indicates periods of improved liquidity management and swift cash conversion contrasted with phases of extended collection and inventory holding periods. The pattern suggests ongoing shifts in operational efficiency and credit terms, reflecting dynamic working capital management within the company.
Peer comparison
Jun 30, 2025