Total Asset Turnover
since 2005
Calculation
Twenty-First Century Fox Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Jun 30, 2018 | 0.56 | = | 30,400) | ÷ | 53,831) |
| Jun 30, 2017 | 0.56 | = | 28,500) | ÷ | 50,724) |
| Jun 30, 2016 | 0.56 | = | 27,326) | ÷ | 48,365) |
| Jun 30, 2015 | 0.58 | = | 28,987) | ÷ | 50,051) |
| Jun 30, 2014 | 0.58 | = | 31,867) | ÷ | 54,793) |
| Jun 30, 2013 | 0.54 | = | 27,675) | ÷ | 50,944) |
| Jun 30, 2012 | 0.59 | = | 33,706) | ÷ | 56,663) |
| Jun 30, 2011 | 0.54 | = | 33,405) | ÷ | 61,980) |
| Jun 30, 2010 | 0.60 | = | 32,778) | ÷ | 54,384) |
| Jun 30, 2009 | 0.57 | = | 30,423) | ÷ | 53,121) |
| Jun 30, 2008 | 0.53 | = | 32,996) | ÷ | 62,308) |
| Jun 30, 2007 | 0.46 | = | 28,655) | ÷ | 62,343) |
| Jun 30, 2006 | 0.45 | = | 25,327) | ÷ | 56,649) |
| Jun 30, 2005 | 0.44 | = | 23,859) | ÷ | 54,692) |
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), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
1 US$ in millions
Between 2005 and 2018, a distinct two-phase trend is observed in the total asset turnover ratio, characterized by an initial period of efficiency growth followed by a prolonged phase of stabilization. The ratio increased steadily from 0.44 in 2005 to a peak of 0.60 in 2010, before maintaining a consistent range between 0.54 and 0.59 for the remainder of the period.
- Asset Utilization Efficiency
- The improvement in the total asset turnover ratio from 2005 to 2010 indicates an increasing ability to generate revenue per unit of asset. This growth was driven by a combination of rising revenues, which grew from 23,859 million to 32,778 million, and a managed asset base that peaked in 2007 before contracting in 2009.
- Revenue Volatility
- Revenues exhibited significant fluctuations throughout the analyzed timeframe. After reaching a peak of 32,996 million in 2008, revenues experienced a notable decline to a low of 27,675 million in 2013. Despite these variations, the total asset turnover remained relatively resilient, suggesting that asset levels were adjusted in alignment with revenue changes.
- Asset Base Dynamics
- The total asset base showed a downward trend after 2007, falling from 62,343 million to a low of 48,365 million in 2016. This reduction in assets contributed to the stabilization of the turnover ratio during periods of stagnant or declining revenue, preventing a sharp deterioration in efficiency metrics.
- Long-term Stability
- From 2011 to 2018, the turnover ratio entered a plateau, fluctuating minimally between 0.54 and 0.59. This stability suggests a mature operational phase where the relationship between the company's capital investment in assets and its revenue-generating capacity remained proportional.
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Comparison to Competitors
Twenty-First Century Fox Inc., total asset turnover, long-term trends, comparison to competitors
| Twenty-First Century Fox Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Jun 30, 2018 | 0.56 | 0.59 | 0.38 | 0.57 | 0.61 | 0.60 |
| Jun 30, 2017 | 0.56 | 0.56 | 0.45 | 0.48 | 0.61 | 0.58 |
| Jun 30, 2016 | 0.56 | 0.54 | 0.45 | 0.43 | 0.65 | 0.60 |
| Jun 30, 2015 | 0.58 | 0.51 | 0.45 | 0.36 | 0.66 | 0.59 |
| Jun 30, 2014 | 0.58 | 0.50 | 0.43 | 0.31 | 0.78 | 0.58 |
| Jun 30, 2013 | 0.54 | 0.54 | 0.41 | 0.44 | 0.81 | 0.55 |
| Jun 30, 2012 | 0.59 | 0.53 | 0.38 | 0.34 | 0.91 | 0.56 |
| Jun 30, 2011 | 0.54 | 0.52 | 0.35 | — | 1.04 | 0.57 |
| Jun 30, 2010 | 0.60 | 0.51 | 0.32 | — | 2.20 | 0.55 |
| Jun 30, 2009 | 0.57 | 0.58 | 0.32 | — | 2.46 | 0.57 |
| Jun 30, 2008 | 0.53 | 0.69 | 0.30 | — | 2.21 | 0.61 |
| Jun 30, 2007 | 0.46 | 0.65 | 0.27 | — | 1.86 | 0.58 |
| Jun 30, 2006 | 0.45 | 0.57 | 0.23 | — | 1.64 | 0.57 |
| Jun 30, 2005 | 0.44 | 0.60 | 0.22 | — | 1.87 | 0.60 |
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), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Sector (Media & Entertainment)
Twenty-First Century Fox Inc., total asset turnover, long-term trends, comparison to sector (media & entertainment)
| Twenty-First Century Fox Inc. | Media & Entertainment | |
|---|---|---|
| Jun 30, 2018 | 0.56 | 0.51 |
| Jun 30, 2017 | 0.56 | 0.52 |
| Jun 30, 2016 | 0.56 | 0.51 |
| Jun 30, 2015 | 0.58 | 0.49 |
| Jun 30, 2014 | 0.58 | 0.48 |
| Jun 30, 2013 | 0.54 | 0.49 |
| Jun 30, 2012 | 0.59 | 0.46 |
| Jun 30, 2011 | 0.54 | 0.45 |
| Jun 30, 2010 | 0.60 | 0.44 |
| Jun 30, 2009 | 0.57 | 0.45 |
| Jun 30, 2008 | 0.53 | 0.46 |
| Jun 30, 2007 | 0.46 | 0.42 |
| Jun 30, 2006 | 0.45 | 0.37 |
| Jun 30, 2005 | 0.44 | 0.37 |
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), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).
Comparison to Industry (Communication Services)
Twenty-First Century Fox Inc., total asset turnover, long-term trends, comparison to industry (communication services)
| Twenty-First Century Fox Inc. | Communication Services | |
|---|---|---|
| Jun 30, 2018 | 0.56 | 0.45 |
| Jun 30, 2017 | 0.56 | 0.46 |
| Jun 30, 2016 | 0.56 | 0.48 |
| Jun 30, 2015 | 0.58 | 0.46 |
| Jun 30, 2014 | 0.58 | 0.49 |
| Jun 30, 2013 | 0.54 | 0.47 |
| Jun 30, 2012 | 0.59 | 0.48 |
| Jun 30, 2011 | 0.54 | 0.47 |
| Jun 30, 2010 | 0.60 | 0.46 |
| Jun 30, 2009 | 0.57 | 0.46 |
| Jun 30, 2008 | 0.53 | 0.47 |
| Jun 30, 2007 | 0.46 | 0.45 |
| Jun 30, 2006 | 0.45 | 0.34 |
| Jun 30, 2005 | 0.44 | 0.37 |
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), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30), 10-K (reporting date: 2006-06-30), 10-K (reporting date: 2005-06-30).