News Corp A (NWSA)
Payables 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 |
| Payables | US$ in thousands | 314,000 | 440,000 | 411,000 | 321,000 | 351,000 |
| Payables turnover | 13.90 | 9.54 | 10.68 | 12.78 | 15.58 |
June 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $4,365,000K ÷ $314,000K
= 13.90
The payables turnover ratio for News Corp A has been fluctuating over the past five years. The ratio indicates how efficiently the company is managing its accounts payables by measuring how many times the company pays off its suppliers within a given period.
In the most recent year, as of June 30, 2024, the payables turnover ratio stood at 13.90. This represents an improvement compared to the previous year's ratio of 9.54, indicating that News Corp A has been able to pay off its suppliers more frequently in the most recent period.
Comparing the current ratio to the previous years, it is higher than that of June 30, 2023, which suggests a better management of payables during the most recent period. However, this ratio is lower than the two preceding years (2021 and 2020), indicating that the company might be taking longer to pay its suppliers compared to those years.
Overall, although there has been some fluctuation in the payables turnover ratio of News Corp A over the past five years, the recent increase in the ratio to 13.90 indicates an improvement in the company's efficiency in managing its accounts payables.
Peer comparison
Jun 30, 2024