News Corp A (NWSA)
Inventory turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,365,000 | 4,199,000 | 4,389,000 | 4,102,000 | 5,469,000 |
| Inventory | US$ in thousands | 296,000 | 311,000 | 311,000 | 253,000 | 348,000 |
| Inventory turnover | 14.75 | 13.50 | 14.11 | 16.21 | 15.72 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,365,000K ÷ $296,000K
= 14.75
The inventory turnover ratio for News Corp A has been relatively stable over the past five years, fluctuating between 13.50 and 16.21. This indicates that the company is efficiently managing its inventory levels and converting its stock into sales. The higher the inventory turnover ratio, the better, as it means the company is selling its inventory quickly and not holding excessive levels of stock.
In 2024, the inventory turnover ratio reached 14.75, showing a slight improvement compared to the previous year. This suggests that News Corp A has been successful in managing its inventory effectively and may have implemented strategies to streamline its inventory management processes. However, it's essential to monitor this ratio over time to ensure it remains at a healthy and optimal level for the company's operations.
Peer comparison
Jun 30, 2024