News Corp A (NWSA)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,085,000 | 9,941,000 | 9,965,000 | 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 | 9,008,000 | 9,551,000 | 9,742,000 | 9,890,000 |
| Property, plant and equipment | US$ in thousands | 1,914,000 | 1,901,000 | 1,985,000 | 1,947,000 | 2,042,000 | 2,017,000 | 2,045,000 | 1,971,000 | 2,103,000 | 2,167,000 | 2,134,000 | 2,162,000 | 2,272,000 | 2,261,000 | 2,315,000 | 2,225,000 | 2,256,000 | 2,225,000 | 2,476,000 | 2,433,000 |
| Fixed asset turnover | 5.27 | 5.23 | 5.02 | 5.08 | 4.84 | 5.02 | 4.97 | 5.26 | 4.94 | 4.71 | 4.71 | 4.51 | 4.12 | 3.89 | 3.77 | 3.95 | 3.99 | 4.29 | 3.93 | 4.06 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $10,085,000K ÷ $1,914,000K
= 5.27
News Corp A's fixed asset turnover has shown fluctuation over the past few quarters, ranging from a low of 3.77 to a high of 5.27. The fixed asset turnover ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue. A higher ratio signifies better efficiency in generating sales from fixed assets.
In general, a consistent or increasing trend in the fixed asset turnover ratio is a positive sign, as it suggests that the company is effectively utilizing its fixed assets to generate revenue. However, the fluctuating trend observed in News Corp A's fixed asset turnover indicates some variability in the company's ability to generate sales from its fixed assets over the analyzed period.
It is important for the company to analyze the reasons behind the fluctuations in the fixed asset turnover ratio and to identify potential areas for improvement in managing and utilizing its fixed assets more efficiently. Further analysis of the company's operations and financial performance may help in understanding the factors influencing the variations in the fixed asset turnover ratio.
Peer comparison
Jun 30, 2024