Fox (NAS:FOX) Receivables Turnover

: 1.75 (As of Dec. 2022)

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The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Fox's Revenue for the three months ended in Dec. 2022 was $4,605 Mil. Fox's average Accounts Receivable for the three months ended in Dec. 2022 was $2,636 Mil. Hence, Fox's Receivables Turnover for the three months ended in Dec. 2022 was 1.75.

Fox Receivables Turnover Historical Data

The historical data trend for Fox's Receivables 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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Fox Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Receivables Turnover

5.76

5.99

6.38

6.59

6.72

Fox Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Receivables Turnover																1.73	1.31	1.36	1.45	1.75

Competitive Comparison

For the Entertainment subindustry, Fox's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Fox Receivables Turnover Distribution

For the Media - Diversified industry and Communication Services sector, Fox's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fox's Receivables Turnover falls in comparison to its industry or sector. The grey bar indicates the Receivables Turnover's extreme value range as defined by GuruFocus.

Fox Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Fox's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Receivables Turnover (A: Jun. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2022 )	/ (	(Accounts Receivable (A: Jun. 2021 )	+	Accounts Receivable (A: Jun. 2022 ))	/	count )
=	13974	/ (	(2029	+	2128)	/	2 )
=	13974	/	2078.5
=	6.72

Fox's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

	Receivables Turnover (Q: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2022 )	+	Accounts Receivable (Q: Dec. 2022 ))	/	count )
=	4605	/ (	(2268	+	3004)	/	2 )
=	4605	/	2636
=	1.75

Fox (NAS:FOX) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Fox Receivables Turnover Related Terms

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Fox (NAS:FOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Fox Corp (NAS:FOX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FOXA:USA FO5:Germany

Address

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

Website

https://www.foxcorporation.com

Fox represents the assets not sold to Disney by the predecessor firm, Twenty First Century Fox. The remaining assets include Fox News, the FOX broadcast network, FS1 and FS2, Fox Business, Big Ten Network, 28 owned and operated local television stations of which 17 are affiliated with the Fox Network, and the Fox Studios lot. The Murdoch family continues to control the successor firm, which represents a large-scale bet on the value of live sports and news in the U.S. market.

Executives

Roland A Hernandez	director	300 NORTH SAN RAFAEL AVE, PASADENA CA 91105
Lachlan K Murdoch	director, officer: Executive Chairman, CEO	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Keith Rupert Murdoch	director, officer: Chairman	C/O FOX CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John Nallen	officer: Chief Operating Officer	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jacques A Nasser	director
Chase Carey	director	C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Viet D Dinh	officer: Chief Legal and Policy Officer	GEORGETOWN UNIVERSITY LAW CENTER, 600 NEW JERSEY AVENUE NW, WASHINGTON DC 20001
Steven Tomsic	officer: Chief Financial Officer	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Paul D Ryan	director	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Anne Dias	director	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Cruden Financial Services Llc	10 percent owner	C/O MCDONALD CARANO WILSON LLP, 100 LIBERTY STREET, RENO NV 89501
Murdoch Family Trust	10 percent owner	C/O MCDONALD CARANO WILSON LLP, 100 LIBERTY STREET, RENO NV 89501
Twenty-first Century Fox, Inc.	10 percent owner	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036