News Corp A (NWSA)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.71 | 6.91 | 6.57 | 6.35 | 6.93 | 6.57 | 6.21 | 7.03 | 6.91 | 6.66 | 6.03 | 6.50 | 6.25 | 6.58 | 6.04 | 7.08 | 7.49 | 7.72 | 6.21 | 6.42 | |
| DSO | days | 54.40 | 52.80 | 55.53 | 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 | 48.75 | 47.27 | 58.82 | 56.84 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.71
= 54.40
Days of Sales Outstanding (DSO) is a key ratio that measures the average number of days a company takes to collect revenue after a sale has been made. A lower DSO indicates a faster collection of accounts receivable and better liquidity management.
Analyzing the trend of News Corp A's DSO over the past few quarters, we observe fluctuations in the metric. The DSO has ranged between 47.27 days to 60.49 days over the past six quarters.
Notably, the DSO peaked at 60.49 days in the first quarter of 2022 and exhibited a decreasing trend in subsequent quarters, reaching a low of 48.75 days in the third quarter of 2020. This downward trend suggests an improvement in the efficiency of News Corp A's accounts receivable collection process during this period.
However, it is important to note that the DSO increased slightly to 54.40 days in the most recent quarter (June 30, 2024), indicating a potential slowdown in the collection of accounts receivable compared to the previous quarter.
In summary, News Corp A's DSO has shown variability over the quarters, with recent data indicating a slight increase in the average number of days taken to collect revenue. Further analysis of the underlying factors impacting accounts receivable collection efficiency would provide more insights into the company's financial performance.
Peer comparison
Jun 30, 2024