Stock Analysis on Net

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

$22.49

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

Analysis of Geographic Areas

Microsoft Excel

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Area Asset Turnover

Twenty-First Century Fox Inc., asset turnover by geographic area

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
U.S. and Canada
Other

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).


U.S. and Canada Asset Turnover
The asset turnover ratio for the U.S. and Canada region demonstrates a gradual downward trend over the observed period. Beginning at 2.32 in mid-2013, the ratio decreased slightly year-over-year, reaching 2.14 by mid-2018. This consistent, albeit modest, decline suggests a reduction in asset efficiency or revenue generation relative to assets in this geographic segment over these years.
Other Geographic Areas Asset Turnover
Asset turnover ratios for the 'Other' geographic areas exhibit significant volatility throughout the examined timeframe. Starting at 4.79 in mid-2013, the ratio experienced a marked increase to 5.79 in 2014, then surged sharply to 12.74 in 2015. Subsequently, the ratio decreased sharply to 8.33 in 2016 and continued declining to 5.05 in 2017 before slightly rebounding to 6.7 in 2018. This pattern reflects considerable fluctuations in how effectively assets were utilized to generate sales in these regions, suggesting potential variability in operational performance or changes in asset base composition.
Comparative Insights
The 'Other' regions consistently showed higher asset turnover ratios than the U.S. and Canada segment, indicating higher revenue generated per unit of asset in these areas. However, the heightened volatility in 'Other' areas may indicate risks or instability in asset utilization efficiency. In contrast, the steadier and slightly declining turnover in the U.S. and Canada suggests more stable but diminishing efficiency, potentially signaling the need for strategies to improve revenue generation or asset deployment in this established market.

Area Asset Turnover: U.S. and Canada

Twenty-First Century Fox Inc.; U.S. and Canada; area asset turnover calculation

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data (US$ in millions)
Revenues
Long-lived assets
Area Activity Ratio
Area asset turnover1

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).

1 2018 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= ÷ =


Revenues
Over the six-year period from June 30, 2013, to June 30, 2018, revenues in the U.S. and Canada geographic area showed a consistent upward trend. Starting at $15,937 million in 2013, revenues increased each year, reaching $21,640 million in 2018. This represents a cumulative growth of approximately 35.8%, indicating steady expansion in sales or service income.
Long-lived Assets
The value of long-lived assets also increased steadily throughout the period. Beginning at $6,855 million in 2013, these assets rose to $10,133 million by 2018. This growth of nearly 48% suggests ongoing capital investment or revaluation of long-term holdings in the region, reflecting expansion or modernization efforts.
Area Asset Turnover
The area asset turnover ratio, which measures efficiency in using assets to generate revenue, showed a declining trend over the six years. Starting at 2.32 in 2013, the ratio decreased gradually to 2.14 by 2018. This decline indicates that despite increasing revenues and asset base, the revenue generated per unit of long-lived asset is reducing moderately, which may imply less efficient asset utilization or a shift in asset composition.
Overall Analysis
The data reveals that while the geographic segment experienced solid revenue growth and invested significantly in long-lived assets, the efficiency of asset use measured by asset turnover ratio diminished slightly. This could suggest that asset growth outpaced revenue growth to some extent or that assets acquired may not yet be fully optimized for revenue generation. The consistent revenue and asset increases imply strategic growth, but the decreasing turnover ratio warrants attention to improve asset utilization efficiency.

Area Asset Turnover: Other

Twenty-First Century Fox Inc.; Other; area asset turnover calculation

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data (US$ in millions)
Revenues
Long-lived assets
Area Activity Ratio
Area asset turnover1

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).

1 2018 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= ÷ =


Revenues
The revenues demonstrate a fluctuating trend over the six-year period. Initially, revenues increased from 11,738 million USD in 2013 to a peak of 14,025 million USD in 2014. This was followed by a significant decline to 10,424 million USD in 2015 and a continued decrease reaching a low of 7,857 million USD in 2017. There was a modest recovery in 2018, with revenues rising to 8,760 million USD. Overall, the revenue trend indicates volatility with a sharp decline after 2014 and partial rebound towards the end of the period.
Long-lived assets
The value of long-lived assets shows a downward trend initially, decreasing from 2,452 million USD in 2013 to 818 million USD in 2015. Following this, a moderate increase can be observed, with the assets rising to 1,557 million USD in 2017 before declining again slightly to 1,308 million USD in 2018. The data suggests a reduction in long-lived assets in the mid-period with some reinvestment or acquisition in the later years, though the 2018 figure remains substantially below the 2013 level.
Area asset turnover
The area asset turnover ratio exhibits significant variability during the period. It starts at 4.79 in 2013 and peaks sharply at 12.74 in 2015, indicating a high efficiency in using assets to generate revenue during that year. However, this ratio dropped considerably to 5.05 by 2017 before increasing again to 6.7 in 2018. The fluctuations in asset turnover ratio reflect changing operational efficiency or shifts in asset base relative to revenues over time, with the highest efficiency seen in 2015.

Revenues

Twenty-First Century Fox Inc., revenues by geographic area

US$ in millions

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
U.S. and Canada
Other
Total

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).


U.S. and Canada Revenue Trend
The revenue from the U.S. and Canada region showed a consistent upward trend over the six-year period. Starting at $15,937 million in 2013, it increased steadily each year, reaching $21,640 million in 2018. This represents a total growth of approximately 36% from 2013 to 2018, indicating strong and sustained performance in this geographic area.
Other Regions Revenue Trend
Revenue from other geographic regions exhibited greater volatility during the same period. The revenue initially increased from $11,738 million in 2013 to a peak of $14,025 million in 2014. However, it then declined sharply to $7,938 million by 2016, followed by a slight recovery to $8,760 million in 2018. Overall, there was a significant decrease from the 2014 peak, suggesting challenges in these markets or possible shifts in business focus.
Total Revenue Trend
Total revenue showed fluctuating dynamics across the six years. It rose from $27,675 million in 2013 to a high of $31,867 million in 2014 before decreasing for two consecutive years to $27,326 million in 2016. Subsequently, total revenue experienced moderate growth, reaching $30,400 million in 2018. The variability in total revenue largely reflects the patterns observed in the 'Other' regions, offset by the consistent growth in U.S. and Canada revenues.
Overall Observations
While the U.S. and Canada market demonstrated stable and positive revenue development, the revenue from other regions showed noticeable instability with a significant reduction after 2014. This divergence suggests that the company may have relied increasingly on the domestic market to sustain total revenue growth. The fluctuations in total revenue imply that geographical diversification faced challenges during the period, affecting overall financial stability.

Long-lived assets

Twenty-First Century Fox Inc., long-lived assets by geographic area

US$ in millions

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
U.S. and Canada
Other
Total

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).


U.S. and Canada Long-Lived Assets
The value of long-lived assets in the U.S. and Canada geographic area demonstrated a consistent upward trend throughout the observed periods. Starting at $6,855 million on June 30, 2013, the assets increased steadily each year, reaching $10,133 million by June 30, 2018. This represents an overall growth of approximately 47.9% over the five-year period, indicating sustained investment or asset acquisition in this region.
Other Geographic Areas Long-Lived Assets
Long-lived assets classified under "Other" displayed more fluctuation over the same timeline. Beginning at $2,452 million in 2013, there was a slight decline to $2,422 million in 2014, followed by a sharp decrease to $818 million in 2015. Subsequently, the assets recovered somewhat to $953 million in 2016 and increased significantly to $1,557 million in 2017 before decreasing again to $1,308 million in 2018. This pattern suggests volatility in asset holdings or reclassification activities in these areas, with an overall decline compared to the 2013 level.
Total Long-Lived Assets
The total value of long-lived assets combining all geographic areas exhibited a generally positive trend with some variability. The total assets increased from $9,307 million in 2013 to $10,373 million in 2014 but then dropped to $9,012 million in 2015. Following this dip, there was a recovery and steady growth from 2016 onwards, culminating at $11,441 million in 2018. The total asset base expanded by about 23% over the period, driven primarily by the consistent growth in the U.S. and Canada segment despite fluctuations in other regions.