News Corp A (NWSA)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 10,085,000 | 9,941,000 | 9,965,000 | 9,900,000 | 9,879,000 | 10,120,000 | 10,165,000 | 10,361,000 | 10,385,000 | 10,203,000 | 10,046,000 | 9,743,000 | 9,358,000 | 8,789,000 | 8,720,000 | 8,785,000 | 9,008,000 | 9,551,000 | 9,742,000 | 9,890,000 |
| Receivables | US$ in thousands | 1,503,000 | 1,438,000 | 1,516,000 | 1,559,000 | 1,425,000 | 1,540,000 | 1,636,000 | 1,473,000 | 1,502,000 | 1,532,000 | 1,665,000 | 1,499,000 | 1,498,000 | 1,335,000 | 1,444,000 | 1,240,000 | 1,203,000 | 1,237,000 | 1,570,000 | 1,540,000 |
| 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 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $10,085,000K ÷ $1,503,000K
= 6.71
The receivables turnover ratio for News Corp A has fluctuated over the past several quarters. The ratio measures how efficiently the company is collecting outstanding receivables from its customers.
The trend shows that the receivables turnover ratio has generally been in the range of 6 to 7 times annually. A higher turnover ratio indicates that the company is collecting its receivables more quickly, which can be a positive sign of strong cash flow management.
The highest receivables turnover ratio in the data provided was 7.72 in the fourth quarter of 2019, indicating that News Corp A was collecting receivables at a faster rate during that period. Conversely, the lowest ratio of 6.03 was recorded in the fourth quarter of 2021, suggesting a slower pace of receivables collection during that time.
Overall, the varying receivables turnover ratios suggest that News Corp A has experienced fluctuations in its accounts receivables management efficiency. Monitoring this ratio over time can help assess the company's effectiveness in managing its credit and collections processes.
Peer comparison
Jun 30, 2024