Fox Corp Class A (FOXA)
Return on assets (ROA)
| 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 assets | US$ in thousands | 21,972,000 | 21,866,000 | 22,185,000 | 22,926,000 | 21,750,000 |
| ROA | 6.83% | 5.67% | 5.43% | 9.38% | 4.59% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $1,501,000K ÷ $21,972,000K
= 6.83%
Fox Corp Class A's return on assets (ROA) has shown fluctuating trends over the past five years. In particular, the ROA increased from 4.59% in 2020 to 9.38% in 2021, indicating a significant improvement in the company's ability to generate profits from its assets. However, the ROA decreased to 5.43% in 2022 and further to 5.67% in 2023, suggesting a decline in profitability relative to the previous year.
The most recent ROA figure of 6.83% for June 30, 2024, reflects a slight improvement compared to the previous year but remains below the peak achieved in 2021. This indicates that Fox Corp Class A is still generating a reasonable level of profit relative to its assets, although not as high as in the prior year.
Overall, while the company has shown some volatility in its ROA figures over the past five years, it is important to assess the trend over a longer period to understand the underlying performance and efficiency of Fox Corp Class A in utilizing its assets to generate profits.
Peer comparison
Jun 30, 2024