News Corp A (NWSA)

Activity ratios

Short-term

Turnover ratios

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
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
Receivables turnover 6.71 6.91 6.57 6.35 6.93 6.57 6.21 7.03 6.91 6.66 6.03 6.50 6.25 6.58 6.04 7.08 7.49 7.72 6.21 6.42
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
Working capital turnover 7.66 9.15 8.17 10.62 11.12 12.22 12.34 13.98 18.09 16.07 7.35 8.86 7.66 11.36 11.86 12.60 11.56 9.08 9.83 32.21

The inventory turnover ratio for News Corp A has shown a fluctuating trend over the periods analyzed, ranging from 10.67 to 20.56 times. This indicates that the company is efficient in managing its inventory, with an increasing trend in recent periods.

The receivables turnover ratio has remained relatively stable between 6.03 to 7.72 times, showing that the company efficiently collects its receivables on average between 6 to 7 times within a year.

The payables turnover ratio for News Corp A varies significantly from 9.36 to 17.40 times. This suggests that the company's ability to pay its suppliers within a given period has been fluctuating.

The working capital turnover ratio has shown a varying trend, ranging from 7.35 to 32.21 times. This ratio indicates how effectively the company utilizes its working capital to generate sales, with higher values generally viewed as positive.

Overall, the activity ratios of News Corp A suggest that the company is managing its inventory efficiently, collecting receivables at a steady pace, and utilizing working capital effectively. However, the fluctuating payables turnover ratio may require closer attention to ensure consistent vendor management practices.

Average number of days

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
Days of inventory on hand (DOH) days 24.75 28.30 25.64 32.73 27.03 30.02 27.35 30.88 25.86 25.41 20.66 26.46 22.51 28.56 17.99 17.75 28.06 24.93 30.40 34.21
Days of sales outstanding (DSO) days 54.40 52.80 55.53 57.48 52.65 55.54 58.74 51.89 52.79 54.81 60.49 56.16 58.43 55.44 60.44 51.52 48.75 47.27 58.82 56.84
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

Days of Inventory on Hand (DOH) for News Corp A have shown some fluctuations over the past few quarters, ranging from as low as 17.75 days to as high as 34.21 days. Overall, the company has been able to manage its inventory efficiently, with a current DOH of 24.75 days as of June 30, 2024. This indicates that News Corp A is able to sell and replace its inventory within approximately 25 days.

Days of Sales Outstanding (DSO) have also varied over the quarters, with values ranging from 47.27 days to 60.49 days. The current DSO stands at 54.40 days as of June 30, 2024. This implies that on average, it takes News Corp A approximately 54 days to collect its accounts receivables. A decreasing trend in DSO would be more favorable as it would indicate faster collection of receivables.

The Number of Days of Payables for News Corp A has seen some fluctuations as well, ranging from 20.98 days to 39.01 days. As of June 30, 2024, the company takes approximately 26 days to pay its suppliers. A higher number of days indicates that the company takes longer to pay its bills, which can be beneficial for managing cash flow.

Overall, by analyzing these activity ratios, we can see that News Corp A has been managing its inventory efficiently, collecting its receivables within a reasonable timeframe, and effectively balancing its payables. Monitoring these ratios over time can provide insights into the company's operational efficiency and liquidity management.

Long-term

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
Fixed asset turnover 5.27 5.23 5.02 5.08 4.84 5.02 4.97 5.26 4.94 4.71 4.71 4.51 4.12 3.89 3.77 3.95 3.99 4.29 3.93 4.06
Total asset turnover 0.60 0.60 0.60 0.60 0.58 0.59 0.60 0.63 0.60 0.59 0.61 0.59 0.56 0.57 0.58 0.61 0.63 0.66 0.60 0.61

The fixed asset turnover ratio for News Corp A has remained relatively stable over the past five quarters, showing a consistent ability to generate revenue compared to its investment in fixed assets. The ratio indicates that for every dollar invested in fixed assets, the company is generating around 4.5 to 5.3 dollars in revenue.

On the other hand, the total asset turnover ratio for News Corp A has fluctuated slightly over the same period but has generally remained around 0.6. This suggests that the company is efficient in generating sales in relation to its total assets, with each dollar of assets generating approximately 60 to 63 cents in revenue.

Overall, both ratios indicate that News Corp A is effectively utilizing its assets to generate revenue, with the fixed asset turnover ratio showing consistent performance and the total asset turnover ratio demonstrating efficiency in asset utilization.