Fox Corp Class B (FOX)
Return on assets (ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,263,000 | 1,865,000 | 2,185,000 | 1,921,000 | 1,501,000 | 1,557,000 | 837,000 | 1,041,000 | 1,239,000 | 1,170,000 | 1,507,000 | 1,109,000 | 1,205,000 | 1,152,000 | 1,436,000 | 1,745,000 | 2,150,000 | 2,019,000 | 1,530,000 | 1,606,000 |
| Total assets | US$ in thousands | 23,195,000 | 23,367,000 | 23,022,000 | 22,538,000 | 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 |
| ROA | 9.76% | 7.98% | 9.49% | 8.52% | 6.83% | 7.17% | 3.66% | 4.81% | 5.67% | 5.22% | 6.52% | 4.95% | 5.43% | 5.23% | 6.28% | 7.53% | 9.38% | 8.81% | 6.72% | 7.14% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,263,000K ÷ $23,195,000K
= 9.76%
The analysis of Fox Corp Class B's return on assets (ROA) over the specified period reveals notable fluctuations indicative of changing operational efficiencies and profitability levels.
Between September 30, 2020, and December 31, 2020, ROA declined from 7.14% to 6.72%, suggesting a slight decrease in asset utilization efficiency or profit generation capacity. In the subsequent quarters, there was an upward trend, with ROA reaching 8.81% by March 31, 2021, and peaking at 9.38% on June 30, 2021. This upward movement indicates an improvement in profitability relative to total assets, potentially driven by increased revenues or cost management efficiencies.
Following this peak, ROA experienced a decline, reaching 7.53% on September 30, 2021, and further decreasing to 6.28% by December 31, 2021. The downward trend continued into 2022, with ROA dropping to 5.23% on March 31, 2022, and marginally increasing to 5.43% on June 30, 2022. During this period, the company appeared to face reduced asset efficiency or profit margins.
The decline persisted into 2022 and early 2023, with ROA recording 4.95% on September 30, 2022, then slightly rising to 6.52% on December 31, 2022, before declining again to 5.22% on March 31, 2023. The figure stabilized somewhat with a small increase to 5.67% on June 30, 2023, and further decreased to 4.81% on September 30, 2023. The trajectory reflects ongoing challenges in profit generation relative to assets.
However, in late 2023 and into 2024, a reversal is observed, with ROA increasing to 7.17% on March 31, 2024, then slightly declining to 6.83% on June 30, 2024, before rising again to 8.52% on September 30, 2024, and further to 9.49% by December 31, 2024. The upward trend suggests improved operational performance or higher profitability margins relative to asset base.
Looking ahead, the projected data indicates continued positive momentum, with ROA reaching 7.98% on March 31, 2025, and 9.76% by June 30, 2025, signaling a potential return to or surpassing previous high levels of asset efficiency.
Overall, the ROA exhibits periods of decline and recovery, with the most recent quarters showing a marked improvement, possibly reflecting strategic operational adjustments or favorable market conditions. The cyclical pattern underscores the importance of monitoring asset utilization and profitability drivers within Fox Corp Class B over time.
Peer comparison
Jun 30, 2025