Fox Corp Class A (FOXA)
Return on total capital
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 389,000 | 2,071,000 | 2,043,000 | 3,262,000 | 1,770,000 |
| Long-term debt | US$ in thousands | 6,598,000 | 5,961,000 | 7,206,000 | 7,202,000 | 7,946,000 |
| Total stockholders’ equity | US$ in thousands | 10,714,000 | 10,378,000 | 11,339,000 | 11,123,000 | 10,094,000 |
| Return on total capital | 2.25% | 12.68% | 11.02% | 17.80% | 9.81% |
June 30, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $389,000K ÷ ($6,598,000K + $10,714,000K)
= 2.25%
Fox Corp Class A's return on total capital has fluctuated over the past five years, ranging from a high of 17.80% in June 2021 to a low of 2.25% in June 2024. The company's performance in utilizing its total capital to generate profits has shown variability, with a significant decline in the most recent year compared to the previous years. This trend indicates that Fox Corp Class A may be facing challenges in efficiently deploying its capital to generate returns for its investors. Further analysis of the company's capital allocation strategies and operational performance may be necessary to understand the factors driving these fluctuations in return on total capital.
Peer comparison
Jun 30, 2024