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

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?

Area Asset Turnover: U.S. and Canada

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).

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

	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	21,640)	20,643)	19,388)	18,563)	17,842)	15,937)
Long-lived assets	10,133)	9,416)	8,812)	8,194)	7,951)	6,855)
Area Activity Ratio
Area asset turnover¹	2.14	2.19	2.20	2.27	2.24	2.32

¹ 2018 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 21,640 ÷ 10,133 = 2.14

An analysis of the financial performance in the U.S. and Canada reveals a consistent growth in both top-line revenue and the asset base over the six-year period from 2013 to 2018. While revenues expanded steadily, the growth rate of long-lived assets exceeded that of revenue, leading to a gradual compression of the asset turnover ratio.

Revenue Growth: Revenues demonstrated a continuous upward trajectory, increasing from 15,937 million US dollars in 2013 to 21,640 million US dollars in 2018. This represents a total increase of approximately 35.8% over the period, indicating sustained market demand and growth in the regional business operations.
Long-Lived Asset Expansion: Long-lived assets experienced significant growth, rising from 6,855 million US dollars in 2013 to 10,133 million US dollars in 2018. This increase of approximately 47.8% suggests substantial capital investment in infrastructure, property, or intangible assets within the U.S. and Canada region.
Area Asset Turnover Efficiency: The area asset turnover ratio declined steadily from 2.32 in 2013 to 2.14 in 2018. Because the growth in long-lived assets outpaced the growth in revenue, the efficiency of asset utilization diminished slightly over time. The trend indicates that each dollar of long-lived assets generated progressively less revenue toward the end of the period compared to the start.

AI Ask an analyst for more

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?

Area Asset Turnover: 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).

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

	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	8,760)	7,857)	7,938)	10,424)	14,025)	11,738)
Long-lived assets	1,308)	1,557)	953)	818)	2,422)	2,452)
Area Activity Ratio
Area asset turnover¹	6.70	5.05	8.33	12.74	5.79	4.79

¹ 2018 Calculation
Area asset turnover = Revenues ÷ Long-lived assets
= 8,760 ÷ 1,308 = 6.70

The financial performance of the "Other" geographic area is characterized by significant volatility in revenue generation and a substantial restructuring of the long-lived asset base between 2013 and 2018. While revenues experienced an initial peak followed by a period of contraction, the asset turnover ratio showed an anomalous spike driven by a sharp reduction in assets.

Revenue Trends: Revenues in this segment peaked in 2014 at 14,025 million US dollars, representing a notable increase from the 11,738 million US dollars reported in 2013. However, a consistent downward trend followed, with revenues falling to 7,857 million US dollars by 2017. A modest recovery was observed in 2018, as revenues rose to 8,760 million US dollars.
Long-lived Asset Fluctuations: Long-lived assets remained relatively stable between 2013 and 2014, holding near 2,400 million US dollars. A drastic reduction occurred in 2015, where assets plummeted to 818 million US dollars. Subsequent years showed a partial rebound, peaking again at 1,557 million US dollars in 2017 before declining to 1,308 million US dollars in 2018.
Area Asset Turnover Analysis: The asset turnover ratio exhibited extreme variance, peaking at 12.74 in 2015. This spike was not driven by revenue growth—which actually declined in 2015—but rather by the aggressive contraction of the long-lived asset base. Following this peak, the ratio normalized, falling to 5.05 in 2017 and recovering slightly to 6.70 in 2018. The overall trend indicates a transition toward a leaner asset structure, which temporarily inflated efficiency metrics before stabilizing.

AI Ask an analyst for more

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?

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).

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

US$ in millions

	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016	Jun 30, 2015	Jun 30, 2014	Jun 30, 2013
U.S. and Canada	21,640)	20,643)	19,388)	18,563)	17,842)	15,937)
Other	8,760)	7,857)	7,938)	10,424)	14,025)	11,738)
Total	30,400)	28,500)	27,326)	28,987)	31,867)	27,675)

Revenue trends between 2013 and 2018 reveal a significant divergence in performance between the North American market and international territories. While total revenue experienced fluctuations, the composition of those earnings shifted heavily toward the U.S. and Canada, indicating a growing geographic concentration of income.

U.S. and Canada Revenue Growth: A consistent and linear upward trend is observed in the U.S. and Canada segment. Revenue increased every fiscal year, rising from 15,937 million USD in 2013 to 21,640 million USD in 2018. This represents a steady expansion of the domestic market share and serves as the primary driver of overall financial stability during the period.
International Market Volatility: The "Other" geographic segment exhibited substantial volatility. After an initial increase to a peak of 14,025 million USD in 2014, revenues in these regions entered a period of decline, reaching a low of 7,857 million USD by 2017. Although a slight recovery to 8,760 million USD occurred in 2018, the international segment failed to return to its 2014 levels, showing a general contraction compared to the start of the period.
Aggregate Revenue and Geographic Concentration: Total revenues peaked in 2014 at 31,867 million USD before contracting and stabilizing. The data indicates a strategic or market-driven shift in revenue dependency. In 2013, the U.S. and Canada accounted for approximately 57.6% of total revenue; by 2018, this proportion increased to approximately 71.2%. This shift underscores a diminishing reliance on international markets and an intensified concentration of revenue generation within North America.

AI Ask an analyst for more

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?

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).

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

US$ in millions

	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016	Jun 30, 2015	Jun 30, 2014	Jun 30, 2013
U.S. and Canada	10,133)	9,416)	8,812)	8,194)	7,951)	6,855)
Other	1,308)	1,557)	953)	818)	2,422)	2,452)
Total	11,441)	10,973)	9,765)	9,012)	10,373)	9,307)

The distribution of long-lived assets reveals a consistent expansion of the company's footprint in North America, contrasted by significant volatility in international holdings. Total long-lived assets grew from 9,307 million USD in 2013 to 11,441 million USD in 2018, reflecting an overall increase in the asset base despite a temporary contraction in 2015.

North American Asset Trends: Long-lived assets within the U.S. and Canada demonstrated uninterrupted annual growth throughout the analyzed period. Starting at 6,855 million USD in 2013, these assets rose to 10,133 million USD by 2018. This steady climb indicates a strategic prioritization of capital investment and infrastructure development within the North American market.
International Asset Volatility: Assets classified as Other exhibited a sharp decline in 2015, dropping from 2,422 million USD in 2014 to 818 million USD. While a partial recovery occurred between 2016 and 2017, peaking at 1,557 million USD, the value decreased again to 1,308 million USD in 2018. This fluctuation suggests a period of divestment or significant asset impairment outside of North America during the 2015 fiscal year.
Geographic Asset Concentration: There is a marked increase in the concentration of long-lived assets in the U.S. and Canada relative to other regions. In 2013, North American assets represented approximately 73.6% of the total. By 2018, this proportion increased to approximately 88.6%, highlighting a shift toward a more centralized asset base concentrated in the North American region.

AI Ask an analyst for more