News Corp A (NWSA)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.30 | 7.99 | 13.39 | 11.54 | 19.59 | 17.51 | 19.64 | 15.41 | 18.78 | 16.65 | 17.92 | 15.70 | 18.69 | 18.61 | 22.88 | 18.16 | 21.79 | 20.36 | 25.08 | 25.80 | |
| 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 |
June 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.30
= 110.62
The analysis of News Corp A's days of inventory on hand (DOH) from September 30, 2020, through June 30, 2025, reveals substantial fluctuations over this period. Initially, the DOH was approximately 14.15 days at the end of September 2020, indicating a relatively efficient inventory management with rapid turnover. This figure experienced a slight increase by December 31, 2020, to 14.55 days, maintaining a similar trend into early 2021.
During the first half of 2021, DOH rose notably, reaching 17.93 days in March and 16.75 days at June's close. A more pronounced increase occurred in September 2021, where DOH peaked at 20.10 days, suggesting a moderate accumulation of inventory relative to sales. The subsequent quarter saw a decrease to 15.95 days, but again, inventories expanded by March 2022 to 19.61 days, approximately matching earlier peaks.
The pattern persisted with fluctuations, with DOH reaching around 23.25 days in September 2022, one of the highest points within this dataset, indicating a significant extension in inventory holding periods. This upward trend continued slightly into December 2022 (20.37 days) and March 2023 (21.92 days), implying a period of inventory buildup.
From mid-2023 onwards, the DOH exhibited variability but remained elevated relative to 2020 levels, with values such as 19.44 days (June 2023) and 23.69 days (September 2023), suggesting ongoing inventory management challenges or strategic stockpiling. Declines are observed in December 2023 (18.58 days) and June 2024 (18.63 days), yet the ratio spikes dramatically at the end of September 2024 (31.64 days), reflecting a substantial increase in inventory holdings.
The most significant shift appears in the forecasted figures for 2025, where DOH extends sharply to 45.70 days in March and escalates further to 110.62 days by June. This drastic increase indicates a severe accumulation of inventory, which could signal operational challenges, demand forecast inaccuracies, or strategic inventory positioning.
Overall, the data demonstrates a pattern of rising DOH over time, with intermittent decreases, culminating in a marked surge during 2024 and 2025. These trends suggest increasing inventory cycles and potentially shifting operational strategies, warranting further investigation into underlying causes such as sales performance, supply chain factors, or product line changes.
Peer comparison
Jun 30, 2025