Stock Analysis on Net
Stock Analysis on Net

Twenty-First Century Fox Inc. (NASDAQ:FOX)

This company has been moved to the archive! The financial data has not been updated since February 6, 2019.

Common-Size Balance Sheet: Assets

Twenty-First Century Fox Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Cash and cash equivalents 14.16 12.15 9.15 16.84 9.88 13.07
Receivables, net 13.23 12.77 12.94 11.81 11.80 10.72
Inventories, net 6.82 6.11 6.80 5.49 5.64 5.46
Other 1.71 1.07 2.02 0.57 0.73 1.31
Current assets 35.91% 32.11% 30.91% 34.72% 28.06% 30.56%
Receivables, net 1.34 1.07 0.80 0.79 0.83 0.86
Equity method investments 6.49 6.78 7.07 8.17 4.66 6.26
Available-for-sale securities 0.48 0.00 0.00 0.04 0.23 0.53
Other investments 0.67 0.92 0.92 0.85 0.33 0.48
Investments 7.64% 7.69% 7.99% 9.05% 5.22% 7.27%
Inventories, net 13.97 14.69 14.56 12.81 11.76 10.54
Property, plant and equipment, net 3.63 3.51 3.50 3.44 5.35 5.55
Intangible assets, net 11.33 12.96 14.01 12.63 14.73 9.94
Goodwill 23.72 25.22 26.33 25.00 32.95 33.87
Other non-current assets 2.45 2.75 1.90 1.57 1.11 1.41
Non-current assets 64.09% 67.89% 69.09% 65.28% 71.94% 69.44%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30).

The asset composition reveals a gradual shift in the allocation of resources from non-current assets toward current assets over the observed six-year period. While non-current assets remained the dominant component of the balance sheet, their relative weight declined from 69.44% in 2013 to 64.09% in 2018, while current assets increased from 30.56% to 35.91% during the same timeframe.

Current Asset Dynamics
A steady increase is observed in net receivables, which grew from 10.72% of total assets in 2013 to 13.23% in 2018. Cash and cash equivalents exhibited significant volatility, peaking at 16.84% in 2015 before stabilizing at 14.16% by 2018. Current inventories remained relatively stable, fluctuating within a narrow range between 5.46% and 6.82%.
Intangible Assets and Goodwill
There is a pronounced downward trend in the relative weight of goodwill, which decreased from 33.87% in 2013 to 23.72% in 2018, representing the most significant contraction of any single asset category. Net intangible assets showed an initial increase to 14.73% in 2014 followed by a gradual decline to 11.33% by 2018.
Investment and Fixed Asset Trends
Investments as a percentage of total assets peaked in 2015 at 9.05% and ended the period at 7.64%, with equity method investments serving as the primary driver of this category. Property, plant, and equipment, net, demonstrated a consistent decline, falling from 5.55% in 2013 to 3.63% in 2018, suggesting a reduction in the relative intensity of fixed asset investment.
Non-Current Inventory
Non-current inventories remained a substantial portion of the balance sheet, maintaining a range between 10.54% and 14.69%, peaking in 2017 before slightly contracting in 2018.

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