Fox Corp Class B (FOX)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 398,000 | 315,000 | 246,000 | 378,000 | 604,000 | 827,000 | 825,000 | 659,000 | 654,000 | 3,144,000 | 3,384,000 | 3,523,000 | 3,725,000 | 2,369,000 | 2,385,000 | 2,366,000 | 2,132,000 | 3,111,000 | 3,065,000 | 3,353,000 |
| Total assets | US$ in thousands | 21,972,000 | 21,717,000 | 22,846,000 | 21,649,000 | 21,866,000 | 22,396,000 | 23,126,000 | 22,424,000 | 22,185,000 | 22,016,000 | 22,878,000 | 23,161,000 | 22,926,000 | 22,907,000 | 22,754,000 | 22,497,000 | 21,750,000 | 20,237,000 | 20,450,000 | 20,534,000 |
| Operating ROA | 1.81% | 1.45% | 1.08% | 1.75% | 2.76% | 3.69% | 3.57% | 2.94% | 2.95% | 14.28% | 14.79% | 15.21% | 16.25% | 10.34% | 10.48% | 10.52% | 9.80% | 15.37% | 14.99% | 16.33% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $398,000K ÷ $21,972,000K
= 1.81%
The operating return on assets (ROA) for Fox Corp Class B has displayed some variability over the past few quarters. The operating ROA for the most recent quarter ending June 30, 2024, was 1.81%, showing a slight improvement compared to the prior quarter's figure of 1.45%. However, the operating ROA has generally been on a declining trend since its peak of 16.33% in December 2019.
The fluctuations in the operating ROA could indicate changes in the company's operating efficiency and profitability relative to its asset base. A lower operating ROA may suggest that the company is not generating as much operating profit from its assets compared to previous periods.
It is important for Fox Corp Class B to closely monitor and analyze the factors contributing to the fluctuations in operating ROA to identify areas for improvement in operational efficiency and profitability. Additionally, management should consider implementing strategies to enhance asset utilization and overall profitability to potentially increase the operating ROA in the future.
Peer comparison
Jun 30, 2024