News Corp A (NWSA)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,720,000 | 5,672,000 | 5,737,000 | 5,685,000 | 5,680,000 | 5,791,000 | 5,788,000 | 5,952,000 | 5,996,000 | 5,778,000 | 5,664,000 | 5,495,000 | 5,256,000 | 5,645,000 | 4,602,000 | 4,611,000 | 4,482,000 | 5,317,000 | 6,524,000 | 6,650,000 |
| 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 |
| Gross profit margin | 56.72% | 57.06% | 57.57% | 57.42% | 57.50% | 57.22% | 56.94% | 57.45% | 57.74% | 56.63% | 56.38% | 56.40% | 56.17% | 64.23% | 52.78% | 52.49% | 49.76% | 55.67% | 66.97% | 67.24% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,720,000K ÷ $10,085,000K
= 56.72%
The gross profit margin of News Corp A has shown some fluctuations over the past several quarters, ranging from a low of 49.76% in March 2020 to a high of 67.24% in September 2019. Overall, the trend has been relatively stable, with the margin hovering around the mid-50% range to high-50% range. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue.
There was a noticeable decrease in gross profit margin in the first quarter of 2021, dropping to 52.78%, which may have been a result of various factors such as pricing pressures, increased costs, or changes in product mix. However, since then, the margin has gradually improved and even reached above the 60% mark in March 2021 at 64.23%, indicating potential operational improvements or sales mix changes.
It is important for News Corp A to continue monitoring its gross profit margin closely to ensure it remains at a healthy level. A consistent or increasing gross profit margin can be a positive indicator of efficiency in production and pricing strategies, ultimately contributing to the company's overall financial performance.
Peer comparison
Jun 30, 2024