Fox Corp Class B (FOX)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 2,170,000 | 2,508,000 | 1,517,000 | 1,791,000 | 2,071,000 | 2,008,000 | 2,452,000 | 1,925,000 | 2,043,000 | 4,582,000 | 4,968,000 | 5,374,000 | 5,899,000 | 4,514,000 | 3,875,000 | 3,973,000 | 3,182,000 | 4,288,000 | 4,843,000 | 4,378,000 |
| Long-term debt | US$ in thousands | 6,598,000 | 7,196,000 | 7,195,000 | 5,962,000 | 5,961,000 | 5,961,000 | 7,208,000 | 7,207,000 | 7,206,000 | 7,205,000 | 7,204,000 | 7,203,000 | 7,202,000 | 7,201,000 | 7,949,000 | 7,947,000 | 7,946,000 | 6,754,000 | 6,753,000 | 6,752,000 |
| 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 |
| Return on total capital | 12.53% | 14.13% | 8.69% | 10.96% | 12.68% | 12.44% | 13.03% | 10.28% | 11.02% | 24.90% | 26.88% | 28.84% | 32.19% | 24.69% | 20.54% | 21.20% | 17.64% | 25.42% | 28.34% | 25.64% |
June 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,170,000K ÷ ($6,598,000K + $10,714,000K)
= 12.53%
The return on total capital for Fox Corp Class B has varied over the past quarters, ranging from as low as 8.69% to as high as 32.19%. The return on total capital represents the profitability of the company's investments made from both equity and debt sources.
The trend shows fluctuations in the return on total capital, indicating varying levels of efficiency in generating profits from the capital employed. The higher returns in certain periods like Q4 2021 and Q1 2022 suggest successful investment strategies or effective operational performance. On the other hand, lower returns in Q4 2020 and Q1 2023 may point towards challenges or lower profitability during those periods.
Overall, a consistent analysis of return on total capital can help assess the company's ability to generate profits relative to the capital invested and can provide insights into the company's financial performance and management effectiveness over time.
Peer comparison
Jun 30, 2024