Fox Corp Class B (FOX)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	10,714,000	10,378,000	11,339,000	11,123,000	10,094,000
ROE		14.01%	11.94%	10.63%	19.33%	9.90%

June 30, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,501,000K ÷ $10,714,000K
= 14.01%

Fox Corp Class B's Return on Equity (ROE) has exhibited fluctuating trends over the past five years. In 2024, the ROE stands at 14.01%, marking an improvement from the prior year's 11.94%. This increase suggests that the company has become more efficient in generating profits relative to shareholders' equity.

Comparing the latest ROE to that of 2020, where it was 9.90%, there has been a notable positive upward trajectory, indicating enhanced profitability and potentially better utilization of equity in the company's operations. However, it is important to note that the 2024 ROE is lower than the peak ROE of 19.33% seen in 2021, suggesting a potential dip in profitability or efficiency compared to that period.

Overall, while the latest ROE reflects a healthy return for shareholders, stakeholders should continue to monitor future trends to assess the company's ability to sustain and potentially further improve its profitability relative to shareholders' equity.