Graham Holdings Co (GHC)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	205,288	67,079	352,075	300,365	327,855
Total assets	US$ in thousands	7,187,730	6,553,380	7,425,520	6,444,120	5,931,240
ROA		2.86%	1.02%	4.74%	4.66%	5.53%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $205,288K ÷ $7,187,730K
= 2.86%

The return on assets (ROA) for Graham Holdings Co. has shown fluctuations over the past five years. In 2023, the ROA increased significantly to 2.84%, up from 1.01% in 2022. However, it is still below the levels seen in 2021 and 2020, where the ROA was 4.71% and 4.64%, respectively. The highest ROA in the past five years was in 2019 at 5.50%.

This indicates that the company's ability to generate profits from its assets has varied over the years. The decrease in ROA in 2022 followed by an increase in 2023 suggests a potential improvement in the company's asset utilization and profitability. Further analysis would be required to understand the underlying reasons behind these fluctuations and to assess the company's overall financial performance.