News Corp A (NWSA)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 14.75 | 12.90 | 14.24 | 11.15 | 13.50 | 12.16 | 13.34 | 11.82 | 14.11 | 14.37 | 17.67 | 13.79 | 16.21 | 12.78 | 20.29 | 20.56 | 13.01 | 14.64 | 12.01 | 10.67 | |
| DOH | days | 24.75 | 28.30 | 25.64 | 32.73 | 27.03 | 30.02 | 27.35 | 30.88 | 25.86 | 25.41 | 20.66 | 26.46 | 22.51 | 28.56 | 17.99 | 17.75 | 28.06 | 24.93 | 30.40 | 34.21 |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.75
= 24.75
The days of inventory on hand (DOH) for News Corp A fluctuated over the past few years. The company's DOH ranged from a low of 17.75 days on September 30, 2020, to a high of 34.21 days on September 30, 2019. In recent quarters, the trend has been somewhat volatile, with the DOH increasing to 28.30 days on March 31, 2024, before decreasing to 24.75 days on June 30, 2024.
A higher DOH indicates that News Corp A is holding onto inventory for a longer period before selling it, which could tie up capital and potentially lead to obsolescence or write-downs. Conversely, a lower DOH suggests that the company is managing its inventory efficiently and turning over stock more quickly.
It is important for News Corp A to monitor its DOH closely to ensure optimal inventory management, balancing the cost of carrying inventory with the risk of stockouts. Analyzing the DOH in conjunction with other financial ratios and performance indicators can provide a more comprehensive understanding of the company's operational efficiency.
Peer comparison
Jun 30, 2024