News Corp A (NWSA)
Payables 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 |
| Payables | US$ in thousands | 314,000 | 269,000 | 243,000 | 324,000 | 440,000 | 407,000 | 308,000 | 348,000 | 411,000 | 317,000 | 351,000 | 309,000 | 321,000 | 336,000 | 291,000 | 322,000 | 351,000 | 342,000 | 375,000 | 406,000 |
| 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 |
June 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $4,365,000K ÷ $314,000K
= 13.90
The payables turnover ratio for News Corp A has shown fluctuations over the past several quarters. The ratio indicates the number of times a company pays off its accounts payable during a specific period. A higher payables turnover ratio typically suggests that the company is managing its accounts payable effectively by paying off its obligations in a timely manner.
Looking at the data provided, we can see that the payables turnover ratio ranged from a low of 9.36 to a high of 17.40 over the past two years. In general, the trend has shown variability, with some quarters having higher ratios and others lower. For instance, in December 2023, the payables turnover ratio was relatively high at 17.40, indicating efficient management of accounts payable during that period.
However, it's important to note that a very high payables turnover ratio could also potentially signal issues such as overly aggressive payment practices that may strain the company's cash flow or relationships with suppliers.
Overall, while the payables turnover ratio can provide insights into a company's efficiency in managing its accounts payable, it should be analyzed in conjunction with other financial metrics to gain a more comprehensive understanding of News Corp A's financial health and performance.
Peer comparison
Jun 30, 2024