News Corp A (NWSA)
Total asset 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 |
| Total assets | US$ in thousands | 16,684,000 | 16,544,000 | 16,681,000 | 16,475,000 | 16,921,000 | 17,034,000 | 16,891,000 | 16,387,000 | 17,221,000 | 17,419,000 | 16,520,000 | 16,418,000 | 16,771,000 | 15,397,000 | 15,094,000 | 14,400,000 | 14,261,000 | 14,428,000 | 16,282,000 | 16,233,000 |
| 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 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $10,085,000K ÷ $16,684,000K
= 0.60
News Corp A's total asset turnover has been relatively stable around 0.60 over the past six quarters, indicating that the company generates $0.60 in revenue for every $1 of assets it holds. While there was a slight fluctuation in the ratio from 0.58 to 0.63 during this period, the overall trend suggests that the company has been effectively utilizing its assets to generate revenue. A total asset turnover ratio of 0.60 is considered healthy, as it indicates efficient asset management and effective utilization of resources to generate sales. Additionally, the consistency of the ratio over time implies that News Corp A has been able to maintain a steady level of operational efficiency in converting its assets into revenue.
Peer comparison
Jun 30, 2024