Fox Corp Class A (FOXA)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 2,170,000 | 2,508,000 | 1,517,000 | 1,791,000 | 2,071,000 | 2,008,000 | 2,452,000 | 1,925,000 | 2,043,000 | 4,582,000 | 4,968,000 | 5,374,000 | 5,899,000 | 4,514,000 | 3,875,000 | 3,973,000 | 3,182,000 | 4,288,000 | 4,843,000 | 4,378,000 |
| Long-term debt | US$ in thousands | 6,598,000 | 7,196,000 | 7,195,000 | 5,962,000 | 5,961,000 | 5,961,000 | 7,208,000 | 7,207,000 | 7,206,000 | 7,205,000 | 7,204,000 | 7,203,000 | 7,202,000 | 7,201,000 | 7,949,000 | 7,947,000 | 7,946,000 | 6,754,000 | 6,753,000 | 6,752,000 |
| 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 |
| Return on total capital | 12.53% | 14.13% | 8.69% | 10.96% | 12.68% | 12.44% | 13.03% | 10.28% | 11.02% | 24.90% | 26.88% | 28.84% | 32.19% | 24.69% | 20.54% | 21.20% | 17.64% | 25.42% | 28.34% | 25.64% |
June 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,170,000K ÷ ($6,598,000K + $10,714,000K)
= 12.53%
Fox Corp Class A's return on total capital has shown some fluctuations over the past few quarters, ranging from as low as 8.69% to as high as 32.19%. The most recent return on total capital as of June 30, 2024, stands at 12.53%. This metric indicates that for every dollar of total capital invested in the company, Fox Corp Class A generated a return of 12.53% during the period.
The trend in return on total capital shows that the company has been able to effectively generate returns on its invested capital. However, the fluctuations in the ratio over time suggest some variability in the company's ability to efficiently utilize its capital resources to generate profits. It would be important to further analyze the company's financial performance and strategies to understand the reasons behind these fluctuations and assess the sustainability of its returns in the long term.
Peer comparison
Jun 30, 2024