That is the correct spelling of "fourths" (meaning the plural of one-fourth).
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You already spelled one fourth correctly in your question.
The ordinal number 24th is spelled out "twenty-fourth."
The spelling would be "one twenty-fourth" or 1/24.(the denominator is separately hyphenated, as in twenty-one twenty-fourths, 21/24)
Well done! You just spelt it! Oh, sorry. I mean 1/24.
It is one fourth.