Fox Corp Class A (FOXA)
Return on equity (ROE)
| 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 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 |
| ROE | 14.01% | 14.75% | 8.16% | 10.03% | 11.94% | 11.49% | 12.98% | 9.63% | 10.63% | 33.83% | 36.12% | 38.34% | 43.04% | 30.96% | 26.95% | 27.97% | 23.89% | 33.52% | 37.17% | 34.39% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,501,000K ÷ $10,714,000K
= 14.01%
The Return on Equity (ROE) of Fox Corp Class A has shown fluctuations over the last several quarters. ROE is a key financial ratio that measures the profitability of a company by evaluating how efficiently it is generating profits from shareholders' equity.
From December 2019 to June 2020, the ROE ranged from 34.39% to 27.97%, showing relatively strong profitability during this period. However, there was a significant increase in ROE in the following quarters, reaching as high as 43.04% in March 2021. This peak was followed by a gradual decrease in ROE over the next few quarters, with ROE ranging between 8.16% and 14.75% as of March 2024.
The fluctuations in ROE could be attributed to changes in the company's net income and shareholder equity over time. A higher ROE indicates that the company is generating more profits with each dollar of shareholders' equity, while a lower ROE may suggest a less efficient use of equity.
It is important for investors and stakeholders to closely monitor ROE trends to assess the profitability and efficiency of Fox Corp Class A in generating returns for its shareholders. Additional analysis of the company's financial performance and strategic initiatives may provide further insights into the factors influencing its ROE.
Peer comparison
Jun 30, 2024