News Corp A (NWSA)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,085,000 | 9,879,000 | 10,385,000 | 9,358,000 | 9,008,000 |
| Property, plant and equipment | US$ in thousands | 1,914,000 | 2,042,000 | 2,103,000 | 2,272,000 | 2,256,000 |
| Fixed asset turnover | 5.27 | 4.84 | 4.94 | 4.12 | 3.99 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $10,085,000K ÷ $1,914,000K
= 5.27
The fixed asset turnover ratio for News Corp A has shown a consistent upward trend over the past five years, indicating improved efficiency in generating revenue from its investment in fixed assets. In the most recent fiscal year, the company achieved a fixed asset turnover ratio of 5.27, which means that for every dollar invested in fixed assets, the company generated $5.27 in revenue. This suggests that News Corp A is effectively utilizing its fixed assets to drive sales and improve operational performance. The steady increase in the fixed asset turnover ratio demonstrates management's ability to optimize asset utilization and increase productivity over time. It also reflects positively on the company's operational effectiveness in utilizing its fixed assets to generate revenue.
Peer comparison
Jun 30, 2024