News Corp A (NWSA)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 10,085,000 | 9,879,000 | 10,385,000 | 9,358,000 | 9,008,000 |
| Receivables | US$ in thousands | 1,503,000 | 1,425,000 | 1,502,000 | 1,498,000 | 1,203,000 |
| Receivables turnover | 6.71 | 6.93 | 6.91 | 6.25 | 7.49 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $10,085,000K ÷ $1,503,000K
= 6.71
The receivables turnover for News Corp A has shown some fluctuation over the past five years. The ratio has ranged from a low of 6.25 in June 2021 to a high of 7.49 in June 2020. This indicates that, on average, the company collects its accounts receivable approximately 6.71 times a year, based on the most recent data available.
A higher receivables turnover ratio generally suggests that the company is efficient in collecting payments from its customers, which is a positive sign for cash flow and liquidity. In contrast, a lower turnover ratio may indicate potential issues with collecting receivables in a timely manner.
It is important for News Corp A to closely monitor its receivables turnover ratio over time to ensure efficient management of its accounts receivable and maintain a healthy cash flow position.
Peer comparison
Jun 30, 2024