News Corp A (NWSA)
Cash conversion cycle
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 110.62 | 45.70 | 27.27 | 31.64 | 18.63 | 20.84 | 18.58 | 23.69 | 19.44 | 21.92 | 20.37 | 23.25 | 19.53 | 19.61 | 15.95 | 20.10 | 16.75 | 17.93 | 14.55 | 14.15 |
| Days of sales outstanding (DSO) | days | 67.46 | 59.75 | 64.36 | 66.76 | 59.60 | 57.93 | 58.16 | 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 |
| Number of days of payables | days | 113.32 | 53.48 | 33.63 | 31.30 | 19.77 | 16.94 | 15.20 | 20.31 | 27.50 | 25.06 | 19.13 | 21.69 | 25.81 | 20.18 | 22.58 | 20.17 | 21.26 | 24.49 | 20.86 | 22.44 |
| Cash conversion cycle | days | 64.75 | 51.97 | 58.00 | 67.10 | 58.46 | 61.83 | 61.54 | 60.86 | 44.59 | 52.40 | 59.99 | 53.45 | 46.51 | 54.23 | 53.87 | 56.09 | 53.93 | 48.88 | 54.13 | 43.23 |
June 30, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 110.62 + 67.46 – 113.32
= 64.75
The analysis of News Corp A's cash conversion cycle (CCC) over the period from September 2020 to June 2025 reveals notable fluctuations and trends. Initially, the CCC was approximately 43.23 days at September 2020, indicating a relatively efficient cycle of receivables, inventory, and payable management.
Throughout 2020 and into early 2021, the CCC experienced an increase, reaching a peak of 56.09 days by September 2021. This upward movement suggests a lengthening of the cash conversion cycle, potentially indicating delays in receivables collection, longer inventory turnover times, or extended payment periods to suppliers.
From late 2021 to mid-2022, the CCC shows signs of stabilization and some reduction, reaching around 46.51 days in June 2022. This decrease can imply improvements in operational efficiencies or tighter management of working capital components. However, subsequent periods reveal volatility, with the CCC rising again, notably peaking at approximately 61.83 days in March 2024. This increase indicates a tendency towards prolonged cash conversion times, possibly due to challenges in receivables collection, extended inventory durations, or late payments to suppliers.
In the most recent quarters, there is some fluctuation but with a general trend of elevated CCC levels, with values such as 60.86 days in September 2023 and 61.54 days in December 2023. Notably, in June 2024, the CCC declines to approximately 58.46 days, followed by a decrease to 51.97 days in March 2025, suggesting some improvement in cash cycle efficiency. However, the cycle increases again to about 64.75 days by June 2025, indicating ongoing variability.
Overall, the company's cash conversion cycle has demonstrated considerable volatility over the analyzed period, oscillating broadly between approximately 43 and 65 days. This pattern indicates fluctuating operational efficiencies and working capital management, with periods of both improvement and deterioration. The variations may be reflective of broader market conditions, company-specific operational changes, or strategic shifts in receivables, payables, and inventory management practices.
Peer comparison
Jun 30, 2025