Fox Corp Class B (FOX)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	1,501,000	1,239,000	1,205,000	2,150,000	999,000
Total assets	US$ in thousands	21,972,000	21,866,000	22,185,000	22,926,000	21,750,000
ROA		6.83%	5.67%	5.43%	9.38%	4.59%

June 30, 2024 calculation

ROA = Net income ÷ Total assets
= $1,501,000K ÷ $21,972,000K
= 6.83%

Fox Corp Class B's return on assets (ROA) has shown variability over the past five years. The ROA for the most recent fiscal year ending June 30, 2024, was 6.83%, representing an increase from the previous year's 5.67%. This indicates that the company generated $0.0683 in net income for every $1 of assets in 2024, compared to $0.0567 in 2023.

Looking further back, Fox Corp's ROA was relatively stable in the fiscal years 2022 and 2023, with ROA values of 5.43% and 5.67%, respectively. However, there was a significant jump in ROA in 2021, where Fox Corp achieved a ROA of 9.38%, signaling a strong performance in generating profits relative to its assets. In contrast, the ROA was lower in 2020 at 4.59%.

Overall, the trend in Fox Corp Class B's ROA indicates that the company has been efficient in generating returns from its assets, with some fluctuations from year to year. An increasing ROA, as seen in 2024 compared to 2023, suggests improved profitability and asset utilization. However, it is essential to analyze other financial metrics and factors to gain a deeper understanding of the company's overall financial performance and efficiency.