News Corp A (NWSA)
Total asset 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 |
| Total assets | US$ in thousands | 16,684,000 | 16,921,000 | 17,221,000 | 16,771,000 | 14,261,000 |
| Total asset turnover | 0.60 | 0.58 | 0.60 | 0.56 | 0.63 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $10,085,000K ÷ $16,684,000K
= 0.60
News Corp A's total asset turnover has been relatively consistent over the past five years, ranging from 0.56 to 0.63. This ratio indicates that, on average, the company generates revenue equivalent to approximately 60% of its total assets each year. A total asset turnover ratio of 0.60 implies that for every dollar of assets the company holds, it generates $0.60 in revenue.
While the stability of the ratio suggests consistent operational efficiency in utilizing its assets to generate revenue, it's important to note that asset turnover ratios can vary significantly between industries. Therefore, it would be beneficial to compare News Corp A's ratio to that of its industry peers to gain a better understanding of its performance in this area.
Peer comparison
Jun 30, 2024