News Corp B (NWS)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.43 | 1.36 | 1.44 | 1.31 | 1.28 | 1.26 | 1.28 | 1.25 | 1.16 | 1.18 | 1.42 | 1.34 | 1.38 | 1.24 | 1.26 | 1.25 | 1.29 | 1.39 | 1.36 | 1.09 |
| Quick ratio | 1.20 | 1.19 | 1.25 | 1.09 | 1.10 | 1.07 | 1.09 | 1.04 | 1.00 | 1.04 | 1.28 | 1.19 | 1.24 | 1.13 | 1.13 | 1.09 | 1.08 | 1.04 | 1.11 | 0.91 |
| Cash ratio | 0.71 | 0.71 | 0.70 | 0.57 | 0.65 | 0.59 | 0.53 | 0.55 | 0.58 | 0.61 | 0.77 | 0.73 | 0.78 | 0.71 | 0.63 | 0.63 | 0.63 | 0.58 | 0.53 | 0.47 |
News Corp B's liquidity ratios have shown fluctuations over the past few quarters. The current ratio, which indicates the company's ability to cover short-term obligations with current assets, has been mostly above 1, suggesting a generally healthy liquidity position. However, there have been periods where the current ratio dipped below 1, particularly in the second and third quarters of 2022 and the first quarter of 2021.
The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, has also varied but generally remained above 1. This implies that the company has a comfortable level of liquid assets to meet its short-term obligations without relying on inventory.
The cash ratio, which specifically looks at the ability to cover current liabilities with cash and cash equivalents, has shown a trend of improvement over the quarters. Despite fluctuations, the cash ratio has generally been on an upward trajectory, indicating enhanced cash reserves relative to short-term obligations.
Overall, while there have been some fluctuations in liquidity ratios, News Corp B appears to have maintained a reasonably solid liquidity position, with an ability to meet its short-term obligations effectively.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 52.89 | 58.10 | 60.19 | 62.15 | 41.44 | 51.24 | 60.41 | 53.96 | 44.47 | 54.06 | 51.91 | 56.07 | 52.38 | 44.99 | 52.64 | 41.11 | 48.50 | 48.72 | 57.38 | 56.49 |
The cash conversion cycle of News Corp B has fluctuated over the past 20 quarters, ranging from 41.11 days to 62.15 days. The cash conversion cycle measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
On average, News Corp B takes around 51 days to convert its investment in inventory and accounts receivable into cash receipts from sales. A lower number indicates a more efficient cash conversion cycle, as it means the company is able to generate cash quickly from its operating cycle.
The variations in the cash conversion cycle may reflect changes in the company's operating efficiency, inventory management, payment terms with suppliers, and collection policies with customers. It is important for News Corp B to monitor and manage its cash conversion cycle effectively to optimize its working capital and cash flow position.