News Corp A (NWSA)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,365,000 | 4,269,000 | 4,228,000 | 4,215,000 | 4,199,000 | 4,329,000 | 4,377,000 | 4,409,000 | 4,389,000 | 4,425,000 | 4,382,000 | 4,248,000 | 4,102,000 | 3,144,000 | 4,118,000 | 4,174,000 | 4,526,000 | 5,315,000 | 4,299,000 | 4,289,000 |
| Inventory | US$ in thousands | 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 | 348,000 | 363,000 | 358,000 | 402,000 |
| Inventory turnover | 14.75 | 12.90 | 14.24 | 11.15 | 13.50 | 12.16 | 13.34 | 11.82 | 14.11 | 14.37 | 17.67 | 13.79 | 16.21 | 12.78 | 20.29 | 20.56 | 13.01 | 14.64 | 12.01 | 10.67 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,365,000K ÷ $296,000K
= 14.75
The inventory turnover of News Corp A has shown fluctuation over the past several quarters. The ratio measures the efficiency of the company in managing its inventory by indicating how many times during a period the inventory is sold and replaced.
The trend indicates that the inventory turnover has generally been at healthy levels, with values ranging from 10.67 to 20.56. A higher turnover ratio indicates that the company is efficiently managing its inventory levels and is selling products quickly.
In recent quarters, the inventory turnover has been relatively stable, hovering around the range of mid-teens. This indicates that News Corp A has been able to effectively control its inventory levels and convert them into sales. However, it is worth noting the significant increase in inventory turnover in the final quarter of 2020 and the first quarter of 2021, which may suggest a more aggressive sales strategy or efficient inventory management during that period.
Overall, the inventory turnover ratio for News Corp A reflects a reasonably efficient management of inventory, with consistent levels maintained over the recent quarters. Monitoring this ratio going forward will be important to assess the company's ongoing efficiency in inventory management.
Peer comparison
Jun 30, 2024
Jun 30, 2024