News Corp A (NWSA)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 13.90 | 15.87 | 17.40 | 13.01 | 9.54 | 10.64 | 14.21 | 12.67 | 10.68 | 13.96 | 12.48 | 13.75 | 12.78 | 9.36 | 14.15 | 12.96 | 12.89 | 15.54 | 11.46 | 10.56 | |
| Number of days of payables | days | 26.26 | 23.00 | 20.98 | 28.06 | 38.25 | 34.32 | 25.68 | 28.81 | 34.18 | 26.15 | 29.24 | 26.55 | 28.56 | 39.01 | 25.79 | 28.16 | 28.31 | 23.49 | 31.84 | 34.55 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.90
= 26.26
The number of days of payables for News Corp A has shown fluctuations over the past few quarters. For the most recent quarter ending June 30, 2024, the number of days of payables was 26.26 days, which indicates that on average, the company takes approximately 26.26 days to pay its suppliers.
Comparing this to previous quarters, we can observe some trends. The trend for the number of days of payables seems to have decreased from a peak of 39.01 days in March 31, 2021, to the current level of 26.26 days in June 30, 2024. This reduction may indicate that News Corp A has improved its efficiency in managing its payables and is now settling its obligations to suppliers more promptly.
Additionally, the number of days of payables for News Corp A has generally remained within a range of approximately 20 to 40 days over the analyzed periods, suggesting a consistent approach to managing payment terms with suppliers.
Overall, a lower number of days of payables can indicate better liquidity management and potentially stronger supplier relationships. However, it is essential to consider the industry norms and the company's specific circumstances when evaluating the significance of this ratio.
Peer comparison
Jun 30, 2024