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.

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Short-term Activity Ratios (Summary)

Twenty-First Century Fox Inc., short-term (operating) activity ratios

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Turnover Ratios
Inventory turnover 5.39 5.73 5.20 6.75 6.83 6.28
Receivables turnover 4.27 4.40 4.37 4.90 4.93 5.07
Payables turnover 44.63 43.78 63.44 — — —
Working capital turnover 2.74 3.15 3.47 2.87 4.89 3.88
Average No. Days
Average inventory processing period 68 64 70 54 53 58
Add: Average receivable collection period 85 83 84 74 74 72
Operating cycle 153 147 154 128 127 130
Less: Average payables payment period 8 8 6 — — —
Cash conversion cycle 145 139 148 — — —

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).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Twenty-First Century Fox Inc. inventory turnover ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.
Receivables turnover An activity ratio equal to revenue divided by receivables. Twenty-First Century Fox Inc. receivables turnover ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Twenty-First Century Fox Inc. payables turnover ratio decreased from 2016 to 2017 but then slightly increased from 2017 to 2018.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Twenty-First Century Fox Inc. working capital turnover ratio deteriorated from 2016 to 2017 and from 2017 to 2018.
Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Twenty-First Century Fox Inc. number of days of inventory outstanding improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Twenty-First Century Fox Inc. number of days of receivables outstanding improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Twenty-First Century Fox Inc. operating cycle improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Twenty-First Century Fox Inc. cash conversion cycle improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.

Inventory Turnover

Twenty-First Century Fox Inc., inventory turnover calculation, comparison to benchmarks

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)
Operating expenses 19,769 17,775 17,129 18,561 21,108 17,496
Inventories, net 3,669 3,101 3,291 2,749 3,092 2,784
Short-term Activity Ratio
Inventory turnover1 5.39 5.73 5.20 6.75 6.83 6.28
Benchmarks
Inventory Turnover, Competitors2
Walt Disney Co. 23.51 — — — — —

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
Inventory turnover = Operating expenses ÷ Inventories, net
= 19,769 ÷ 3,669 = 5.39

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Twenty-First Century Fox Inc. inventory turnover ratio improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.

Receivables Turnover

Twenty-First Century Fox Inc., receivables turnover calculation, comparison to benchmarks

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 30,400 28,500 27,326 28,987 31,867 27,675
Receivables, net 7,120 6,477 6,258 5,912 6,468 5,459
Short-term Activity Ratio
Receivables turnover1 4.27 4.40 4.37 4.90 4.93 5.07
Benchmarks
Receivables Turnover, Competitors2
Alphabet Inc. — — — — — —
Comcast Corp. — — — — — —
Meta Platforms Inc. — — — — — —
Netflix Inc. — — — — — —
Walt Disney Co. 6.37 — — — — —

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).

1 2018 Calculation
Receivables turnover = Revenues ÷ Receivables, net
= 30,400 ÷ 7,120 = 4.27

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Twenty-First Century Fox Inc. receivables turnover ratio improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.

Payables Turnover

Twenty-First Century Fox Inc., payables turnover calculation, comparison to benchmarks

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)
Operating expenses 19,769 17,775 17,129 18,561 21,108 17,496
Accounts payable 443 406 270 — — —
Short-term Activity Ratio
Payables turnover1 44.63 43.78 63.44 — — —
Benchmarks
Payables Turnover, Competitors2
Alphabet Inc. — — — — — —
Comcast Corp. — — — — — —
Meta Platforms Inc. — — — — — —
Netflix Inc. — — — — — —
Walt Disney Co. 5.03 — — — — —

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
Payables turnover = Operating expenses ÷ Accounts payable
= 19,769 ÷ 443 = 44.63

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Twenty-First Century Fox Inc. payables turnover ratio decreased from 2016 to 2017 but then slightly increased from 2017 to 2018.

Working Capital Turnover

Twenty-First Century Fox Inc., working capital turnover calculation, comparison to benchmarks

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)
Current assets 19,333 16,286 14,949 17,376 15,376 15,567
Less: Current liabilities 8,244 7,238 7,068 7,262 8,856 8,435
Working capital 11,089 9,048 7,881 10,114 6,520 7,132
 
Revenues 30,400 28,500 27,326 28,987 31,867 27,675
Short-term Activity Ratio
Working capital turnover1 2.74 3.15 3.47 2.87 4.89 3.88
Benchmarks
Working Capital Turnover, Competitors2
Alphabet Inc. — — — — — —
Comcast Corp. — — — — — —
Meta Platforms Inc. — — — — — —
Netflix Inc. — — — — — —
Walt Disney Co. — — — — — —

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
Working capital turnover = Revenues ÷ Working capital
= 30,400 ÷ 11,089 = 2.74

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Twenty-First Century Fox Inc. working capital turnover ratio deteriorated from 2016 to 2017 and from 2017 to 2018.

Average Inventory Processing Period

Twenty-First Century Fox Inc., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data
Inventory turnover 5.39 5.73 5.20 6.75 6.83 6.28
Short-term Activity Ratio (no. days)
Average inventory processing period1 68 64 70 54 53 58
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Walt Disney Co. 16 — — — — —

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
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 5.39 = 68

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Twenty-First Century Fox Inc. number of days of inventory outstanding improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.

Average Receivable Collection Period

Twenty-First Century Fox Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data
Receivables turnover 4.27 4.40 4.37 4.90 4.93 5.07
Short-term Activity Ratio (no. days)
Average receivable collection period1 85 83 84 74 74 72
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Alphabet Inc. — — — — — —
Comcast Corp. — — — — — —
Meta Platforms Inc. — — — — — —
Netflix Inc. — — — — — —
Walt Disney Co. 57 — — — — —

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
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 4.27 = 85

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Twenty-First Century Fox Inc. number of days of receivables outstanding improved from 2016 to 2017 but then deteriorated significantly from 2017 to 2018.

Operating Cycle

Twenty-First Century Fox Inc., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data
Average inventory processing period 68 64 70 54 53 58
Average receivable collection period 85 83 84 74 74 72
Short-term Activity Ratio
Operating cycle1 153 147 154 128 127 130
Benchmarks
Operating Cycle, Competitors2
Walt Disney Co. 73 — — — — —

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
Operating cycle = Average inventory processing period + Average receivable collection period
= 68 + 85 = 153

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Twenty-First Century Fox Inc. operating cycle improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.

Average Payables Payment Period

Twenty-First Century Fox Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data
Payables turnover 44.63 43.78 63.44 — — —
Short-term Activity Ratio (no. days)
Average payables payment period1 8 8 6 — — —
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Alphabet Inc. — — — — — —
Comcast Corp. — — — — — —
Meta Platforms Inc. — — — — — —
Netflix Inc. — — — — — —
Walt Disney Co. 73 — — — — —

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
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 44.63 = 8

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.

Cash Conversion Cycle

Twenty-First Century Fox Inc., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013
Selected Financial Data
Average inventory processing period 68 64 70 54 53 58
Average receivable collection period 85 83 84 74 74 72
Average payables payment period 8 8 6 — — —
Short-term Activity Ratio
Cash conversion cycle1 145 139 148 — — —
Benchmarks
Cash Conversion Cycle, Competitors2
Walt Disney Co. 0 — — — — —

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
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 68 + 85 – 8 = 145

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Twenty-First Century Fox Inc. cash conversion cycle improved from 2016 to 2017 but then slightly deteriorated from 2017 to 2018 not reaching 2016 level.