Fox Corp Class A (FOXA)
Return on assets (ROA)
| 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 assets | US$ in thousands | 21,972,000 | 21,717,000 | 22,846,000 | 21,649,000 | 21,866,000 | 22,396,000 | 23,126,000 | 22,424,000 | 22,185,000 | 22,016,000 | 22,878,000 | 23,161,000 | 22,926,000 | 22,907,000 | 22,754,000 | 22,497,000 | 21,750,000 | 20,237,000 | 20,450,000 | 20,534,000 |
| ROA | 6.83% | 7.17% | 3.66% | 4.81% | 5.67% | 5.22% | 6.52% | 4.95% | 5.43% | 17.21% | 17.80% | 18.92% | 20.88% | 14.98% | 12.93% | 13.42% | 11.09% | 16.75% | 18.78% | 17.28% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,501,000K ÷ $21,972,000K
= 6.83%
Fox Corp Class A's return on assets (ROA) has shown fluctuations over the past eight quarters, ranging from a low of 3.66% to a high of 20.88%. The ROA for the latest quarter, ending on June 30, 2024, stands at 6.83%. This indicates that for every dollar of assets, Fox Corp Class A generated a profit of 6.83 cents during this period.
The trend over the quarters shows some volatility, with peaks and troughs in performance. The ROA was relatively stable in the range of 5% to 6% during the first three quarters of 2023, before experiencing a significant spike to over 17% in the last quarter of the year and continuing into the first quarter of 2022. This suggests a period of strong profitability relative to its asset base.
It is important to note that a higher ROA indicates efficient asset utilization and profitability, while a lower ROA may suggest inefficiency or lower profitability. Investors and analysts may further investigate the factors driving these fluctuations in ROA to assess Fox Corp Class A's overall financial health and performance.
Peer comparison
Jun 30, 2024