Graham Holdings Co (GHC)

Return on assets (ROA)

		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	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	205,288	158,189	214,000	23,727	67,079	145,600	152,406	335,249	352,075	504,535	542,564	446,060	300,365	209,105	174,635	212,862	327,855	238,659	320,578	310,063
Total assets	US$ in thousands	7,187,730	6,689,190	6,603,960	6,542,200	6,553,380	7,277,130	7,161,300	7,360,140	7,425,520	6,679,470	6,576,540	6,518,420	6,444,120	5,811,510	5,672,320	5,645,820	5,931,240	5,487,750	5,212,950	5,197,230
ROA		2.86%	2.36%	3.24%	0.36%	1.02%	2.00%	2.13%	4.55%	4.74%	7.55%	8.25%	6.84%	4.66%	3.60%	3.08%	3.77%	5.53%	4.35%	6.15%	5.97%

December 31, 2023 calculation

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

Graham Holdings Co.'s return on assets (ROA) has varied over the past eight quarters, ranging from a low of 0.36% in Q1 2023 to a high of 4.52% in Q1 2022. Overall, the company's ROA performance has been moderately strong, with the average ROA over the period being 2.33%. This indicates that, on average, the company is generating $0.0233 in profit for every $1 of assets it holds.

The significant fluctuations in ROA suggest that the company's asset utilization and profitability have been inconsistent. It is essential for investors and analysts to further investigate the reasons behind these fluctuations to understand the company's operational efficiency and ability to generate returns on its assets effectively.