Fox Corp Class B (FOX)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 10,714,000 | 10,554,000 | 10,252,000 | 10,384,000 | 10,378,000 | 10,185,000 | 11,607,000 | 11,521,000 | 11,339,000 | 11,200,000 | 11,275,000 | 11,430,000 | 11,123,000 | 11,081,000 | 10,917,000 | 10,791,000 | 10,094,000 | 10,114,000 | 10,334,000 | 10,320,000 |
| ROE | 14.01% | 14.75% | 8.16% | 10.03% | 11.94% | 11.49% | 12.98% | 9.63% | 10.63% | 33.83% | 36.12% | 38.34% | 43.04% | 30.96% | 26.95% | 27.97% | 23.89% | 33.52% | 37.17% | 34.39% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,501,000K ÷ $10,714,000K
= 14.01%
Fox Corp Class B's return on equity (ROE) has shown some fluctuations over the past few quarters. The ROE for Jun 30, 2024, is 14.01%, indicating that for every dollar of shareholders' equity, the company generated a return of 14.01%. This figure is slightly lower compared to the previous quarter's ROE of 14.75%.
Looking back at the trend, we observe that the ROE has been variable, ranging from a low of 8.16% in Dec 31, 2023, to a high of 43.04% in Sep 30, 2021. This variability suggests that Fox Corp Class B's profitability and efficiency in generating returns from its equity have fluctuated over the periods analyzed.
It is important to note the significant increase in ROE between Dec 31, 2021, and Sep 30, 2021, where the ratio jumped from 38.34% to 43.04%. This spike may indicate a period of high profitability and efficient use of shareholders' equity.
Overall, while the ROE for Fox Corp Class B has shown some fluctuations, it is essential for investors and analysts to monitor the trend over time to understand the company's performance and its ability to generate returns for shareholders.
Peer comparison
Jun 30, 2024