Fox Corp Class B (FOX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 3,789,000 | 4,073,000 | 4,382,000 | 4,787,000 | 3,431,000 | 2,942,000 | 3,018,000 | 2,411,000 | 3,390,000 | 3,841,000 | 3,549,000 |
| 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 |
| ROA | 6.83% | 7.17% | 3.66% | 4.81% | 5.67% | 5.22% | 6.52% | 4.95% | 5.43% | 17.21% | 17.80% | 18.92% | 20.88% | 14.98% | 12.93% | 13.42% | 11.09% | 16.75% | 18.78% | 17.28% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,501,000K ÷ $21,972,000K
= 6.83%
The return on assets (ROA) of Fox Corp Class B has exhibited fluctuations over the past several quarters. As of June 30, 2024, the ROA stands at 6.83%, showing a slight decrease compared to the previous quarter's ROA of 7.17%.
Looking at the trend over the last few quarters, the ROA has been inconsistent, ranging from a low of 3.66% in December 2023 to a high of 20.88% in September 2021.
This variability in ROA suggests that Fox Corp Class B's ability to generate profits from its assets has been somewhat volatile. Further investigation into the company's operational performance and asset utilization may be warranted to understand the factors driving these fluctuations in ROA.
Additionally, the significantly high ROA figures in some quarters, such as in September 2021 and December 2021, indicate periods of strong profitability relative to the assets employed by the company. Conversely, the lower ROA figures observed in certain quarters highlight potential challenges or inefficiencies impacting the company's asset returns during those periods.
Peer comparison
Jun 30, 2024