News Corp A (NWSA)
Payables 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 |
| Payables | US$ in thousands | 335,000 | 371,000 | 365,000 | 374,000 | 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 |
| Payables turnover | 3.22 | 6.82 | 10.85 | 11.66 | 18.46 | 21.55 | 24.01 | 17.98 | 13.27 | 14.56 | 19.08 | 16.83 | 14.14 | 18.09 | 16.17 | 18.10 | 17.17 | 14.90 | 17.49 | 16.26 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,079,000K ÷ $335,000K
= 3.22
The payables turnover ratio for News Corp A exhibits notable fluctuations over the analyzed period from September 2020 through June 2025. Initially, during the fiscal year 2020, the ratio spans from 16.26 in September to 17.49 in December, indicating a relatively stable pace of paying suppliers shortly after the fiscal year's start. Throughout 2021, the ratio generally increased, reaching a peak of 18.10 in September, before declining to 14.56 by March 2023. The downward trend continues into mid-2023, with the ratio decreasing to 13.27 in June 2023, signaling a potential lengthening of the accounts payable period or slower payments to suppliers.
However, a significant reversal occurs thereafter, with the ratio rising sharply to 17.98 in September 2023, and further escalating to 24.01 in December 2023, before moderating to 21.55 in March 2024 and subsequently declining to 11.66 in September 2024. Near the end of the period, the ratio diminishes further, reaching 10.85 in December 2024 and plummeting to 6.82 in March 2025, with the ratio nearing an exceptionally low level of 3.22 by June 2025.
This pattern reflects periods of both intensified and relaxed payment practices. The early stability and gradual increases may suggest consistent supplier payment cycles or management's preference for maintaining standard cash flows. The sharp spikes towards December 2023 could indicate accelerated payments or a change in supplier terms. Conversely, the pronounced decline from late 2024 into mid-2025 signifies significant delays in settling payables, possibly attributable to strategic liquidity management, extended credit terms, or financial difficulties impacting cash disbursements.
Overall, the company demonstrates a highly variable payables turnover ratio, indicative of shifting payment policies or operational strategies that impact how quickly or slowly payables are settled relative to purchases.
Peer comparison
Jun 30, 2025