Understanding the queueing of the job Templates

Hi Guys,
I am new to awx and trying to understand the queuing of the job template. My query is that if I setup multiple job templates with average to large sized playbooks to run upon say 50 target machines and the fork value is set at 15, considering i provide enough resource to the target machine, will awx run each template on the defined number of forks simultaneously?
If not, can I get an idea of how hosts are queued when multiple templates are launched simultaneously.
your Assistance is much appreciated.
Thanks in Advance