Fox Corp Class A (FOXA)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 389,000 | 604,000 | 654,000 | 923,000 | 305,000 |
| Total assets | US$ in thousands | 21,972,000 | 21,866,000 | 22,185,000 | 22,926,000 | 21,750,000 |
| Operating ROA | 1.77% | 2.76% | 2.95% | 4.03% | 1.40% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $389,000K ÷ $21,972,000K
= 1.77%
Fox Corp Class A's operating return on assets (ROA) has shown a declining trend over the past five years, decreasing from 4.03% in June 2021 to 1.77% in June 2024. This indicates that the company's ability to generate operating profits from its assets has weakened over this period.
The decreasing trend in operating ROA may signal challenges in efficiently utilizing the company's assets to generate profits, possibly due to factors like declining revenue, increased expenses, or inefficient asset management.
Comparing the operating ROA to industry benchmarks and competitors can provide further insights into Fox Corp Class A's performance relative to its peers. Additionally, analyzing the company's operating expenses, asset turnover, and overall profitability metrics can help pinpoint areas for improvement and strategic focus to enhance operating ROA in the future.
Peer comparison
Jun 30, 2024