News Corp A (NWSA)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,079,000 | 2,532,000 | 3,962,000 | 4,361,000 | 5,798,000 | 5,796,000 | 5,834,000 | 5,824,000 | 5,840,000 | 5,927,000 | 5,877,000 | 5,856,000 | 5,812,000 | 5,733,000 | 5,674,000 | 5,593,000 | 5,512,000 | 5,008,000 | 5,091,000 | 5,237,000 |
| Inventory | US$ in thousands | 327,000 | 317,000 | 296,000 | 378,000 | 296,000 | 331,000 | 297,000 | 378,000 | 311,000 | 356,000 | 328,000 | 373,000 | 311,000 | 308,000 | 248,000 | 308,000 | 253,000 | 246,000 | 203,000 | 203,000 |
| Inventory turnover | 3.30 | 7.99 | 13.39 | 11.54 | 19.59 | 17.51 | 19.64 | 15.41 | 18.78 | 16.65 | 17.92 | 15.70 | 18.69 | 18.61 | 22.88 | 18.16 | 21.79 | 20.36 | 25.08 | 25.80 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,079,000K ÷ $327,000K
= 3.30
The inventory turnover ratio for News Corp A has exhibited notable fluctuations over the analyzed period from September 2020 through June 2025. Initially, the ratio was relatively high, recorded at 25.80 in September 2020, indicating efficient inventory management and rapid sales cycles during that period. Over the subsequent quarters, a declining trend ensued, with the ratio decreasing to 15.70 by September 2022, which suggests a slowdown in inventory turnover and potential accumulation of inventory or challenges in sales efficiency.
Between September 2022 and March 2023, the ratio experienced modest recovery, rising to approximately 16.65, but this upward movement was short-lived. From mid-2023 onward, the ratio declined sharply, reaching a low of 3.30 by June 2025. This significant decrease implies substantial difficulties in inventory liquidation, possibly due to excess inventory, reduced demand, or changes in the company’s product mix.
Overall, the trend indicates a considerable deterioration in inventory management efficiency over the analyzed period. The decline from over 25 to below 4 reflects a transition from a highly efficient inventory turnover environment to one characterized by notably sluggish inventory movement. This trend warrants further investigation into underlying factors such as sales performance, product lifecycle, or external market conditions that may have adversely affected inventory turnover efficiency.
Peer comparison
Jun 30, 2025
Jun 30, 2025