Fox Corp Class A (FOXA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 10,714,000 | 10,378,000 | 11,339,000 | 11,123,000 | 10,094,000 |
| ROE | 14.01% | 11.94% | 10.63% | 19.33% | 9.90% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,501,000K ÷ $10,714,000K
= 14.01%
Fox Corp Class A's return on equity (ROE) has shown variability over the past five years. In Jun 30, 2024, the ROE stood at 14.01%, representing an increase from the previous years. This indicates that for every dollar of equity invested, the company generated a profit of 14.01%, reflecting improved efficiency in utilizing shareholder's equity to generate earnings.
In Jun 30, 2023, the ROE was 11.94%, showing a moderate increase compared to the previous year. The company's ability to generate profits from shareholders' equity improved, albeit at a slower rate than in 2024.
In Jun 30, 2022, the ROE was 10.63%, indicating a slight decrease from the previous year. The company's profitability relative to shareholders' equity declined, possibly due to various factors affecting the company's financial performance.
In Jun 30, 2021, the ROE increased significantly to 19.33%, demonstrating a notable improvement in profitability relative to shareholders' equity. This could be attributed to the company's efficient utilization of equity to generate earnings.
In Jun 30, 2020, the ROE was 9.90%, indicating a lower return compared to the following years. The company's profitability relative to shareholders' equity was relatively lower, possibly reflecting challenges or factors impacting the company's financial performance.
Overall, Fox Corp Class A's ROE has fluctuated over the past five years, with varying levels of profitability relative to shareholders' equity. It is important for stakeholders to closely monitor the company's ROE trends to assess its financial performance and efficiency in generating returns for shareholders.
Peer comparison
Jun 30, 2024