News Corp A (NWSA)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,452,000 | 9,401,000 | 9,386,000 | 9,283,000 | 9,205,000 | 9,061,000 | 9,514,000 | 9,900,000 | 9,879,000 | 10,120,000 | 10,165,000 | 10,361,000 | 10,385,000 | 10,203,000 | 10,046,000 | 9,743,000 | 9,358,000 | 8,789,000 | 8,720,000 | 8,785,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | — | — | 2,488,000 | 2,017,000 | 2,045,000 | 1,971,000 | 2,994,000 | 2,167,000 | 3,097,000 | 2,162,000 | 3,307,000 | 2,261,000 | 2,315,000 | 2,225,000 |
| Fixed asset turnover | — | — | — | — | — | — | — | — | 3.97 | 5.02 | 4.97 | 5.26 | 3.47 | 4.71 | 3.24 | 4.51 | 2.83 | 3.89 | 3.77 | 3.95 |
June 30, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $8,452,000K ÷ $—K
= —
The fixed asset turnover ratio for News Corp A demonstrates variable performance over the analyzed periods. Starting from a value of 3.95 on September 30, 2020, the ratio experienced a decline to 3.77 by the end of 2020 but then showed an upward trend in early 2021, reaching 3.89 on March 31, 2021. A notable decrease occurred during the quarter ending June 30, 2021, where the ratio dropped to 2.83, indicating a period of reduced asset efficiency or higher fixed asset holdings relative to revenue.
Subsequently, the ratio recovered significantly, with a sharp increase to 4.51 on September 30, 2021, suggesting improved asset utilization. This upward momentum continued into early 2022, reaching 4.71 on March 31, 2022, before declining slightly to 3.47 as of June 30, 2022. An even more significant improvement was observed by September 30, 2022, when the ratio peaked at 5.26, the highest within the reported periods, indicating a period of efficient fixed asset utilization relative to revenue.
The ratio remained strong into the final quarter of 2022, at 4.97, and followed with a slight increase to 5.02 in the first quarter of 2023. However, the ratio declined again in the subsequent quarter to 3.97 as of June 30, 2023, reflecting a potential reduction in asset productivity or increased asset base without a proportional increase in revenue.
Overall, the trends suggest that News Corp A has experienced periods of both efficiency and challenges in utilizing its fixed assets to generate revenue, with notable peaks in late 2021 and late 2022, interspersed with periods of lower ratios indicating less effective asset use or increased investments in fixed assets relative to revenue. Data beyond March 2023 are unavailable for continued analysis.
Peer comparison
Jun 30, 2025