AMC Networks Inc (AMCX)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 215,464 | 7,594 | 250,596 | 239,979 | 380,486 |
| Total assets | US$ in thousands | 4,969,790 | 5,633,840 | 5,748,950 | 5,246,340 | 5,596,690 |
| ROA | 4.34% | 0.13% | 4.36% | 4.57% | 6.80% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $215,464K ÷ $4,969,790K
= 4.34%
AMC Networks Inc's return on assets (ROA) has fluctuated over the last five years. In 2023, the ROA increased significantly to 4.34% from 0.13% in 2022, indicating a notable improvement in the company's ability to generate profits relative to its total assets. However, compared to 2020 and 2021 when the ROA was higher at 4.57% and 4.36% respectively, the 2023 ROA is slightly lower.
The ROA of AMC Networks Inc in 2023 is lower compared to the 2019 ROA of 6.80%, suggesting a decrease in the company's efficiency in generating profits from its assets over the past five years. This downward trend may indicate challenges in optimizing asset utilization or declining profitability relative to its asset base.
Overall, AMC Networks Inc's ROA in 2023 improved from the prior year but is still lower than in 2019. Further analysis of the company's financial performance and operational efficiency may be warranted to understand the factors driving these changes and to assess the company's overall asset management effectiveness.
Peer comparison
Dec 31, 2023