Twenty-First Century Fox (LSE:8288) Inventory Turnover : 1.55 (As of Dec. 2018)

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What is Twenty-First Century Fox Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Twenty-First Century Fox's Cost of Goods Sold for the three months ended in Dec. 2018 was $6,005 Mil. Twenty-First Century Fox's Average Total Inventories for the quarter that ended in Dec. 2018 was $3,869 Mil. Twenty-First Century Fox's Inventory Turnover for the quarter that ended in Dec. 2018 was 1.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Twenty-First Century Fox's Days Inventory for the three months ended in Dec. 2018 was 58.79.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Twenty-First Century Fox's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 0.46.

Twenty-First Century Fox Inventory Turnover Historical Data

The historical data trend for Twenty-First Century Fox's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Twenty-First Century Fox Inventory Turnover Chart

Twenty-First Century Fox Annual Data

Trend

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Inventory Turnover

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7.18

6.36

5.67

5.56

5.84

Twenty-First Century Fox Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Inventory Turnover	Get a 7-Day Free Trial															1.92	1.35	1.38	1.18	1.55

Twenty-First Century Fox Inventory Turnover Calculation

Twenty-First Century Fox's Inventory Turnover for the fiscal year that ended in Jun. 2018 is calculated as

	Inventory Turnover (A: Jun. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2018 )	/ (	(Total Inventories (A: Jun. 2017 )	+	Total Inventories (A: Jun. 2018 ))	/	count )
=	19769	/ (	(3101	+	3669)	/	2 )
=	19769	/	3385
=	5.84

Twenty-First Century Fox's Inventory Turnover for the quarter that ended in Dec. 2018 is calculated as

	Inventory Turnover (Q: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2018 )	/ (	(Total Inventories (Q: Sep. 2018 )	+	Total Inventories (Q: Dec. 2018 ))	/	count )
=	6005	/ (	(3804	+	3934)	/	2 )
=	6005	/	3869
=	1.55

Twenty-First Century Fox (LSE:8288) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Twenty-First Century Fox's Days Inventory for the three months ended in Dec. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2018 )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
	=	3869	/	6005	*	365 / 4
	=	58.79

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Twenty-First Century Fox's Inventory to Revenue for the quarter that ended in Dec. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2018 )	/	Revenue (Q: Dec. 2018 )
	=	3869	/	8499
	=	0.46

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Twenty-First Century Fox Inventory Turnover Related Terms

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Twenty-First Century Fox (LSE:8288) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Twenty-First Century Fox Inc (LSE:8288) » Definitions » Inventory Turnover

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Address

1211 Avenue of the Americas, New York, NY, USA, 10036

Website

http://www.21cf.com

21st Century Fox is a media conglomerate with a wide range of assets: a film studio, which creates television programs and movies; broadcast television, including the Fox broadcast network and local TV stations in the U.S.; cable networks, which comprise over 300 channels around the world; and direct-broadcast satellite TV in the form of Sky, a satellite pay-tv provider in Europe.

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