News Corp B (NWS)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -2,826,000 | -2,779,000 | -2,720,000 | -2,829,000 | -4,456,000 |
| Total assets | US$ in thousands | 16,684,000 | 16,921,000 | 17,221,000 | 16,771,000 | 14,261,000 |
| Operating ROA | -16.94% | -16.42% | -15.79% | -16.87% | -31.25% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $-2,826,000K ÷ $16,684,000K
= -16.94%
News Corp B's operating return on assets (ROA) has been fluctuating over the past five years. The operating ROA was -16.94% in 2024, showing a slight increase from the previous year but remaining in negative territory. While the company managed to improve its operating ROA from 2020 to 2023, the negative trend resumed in the latest period.
Overall, the operating ROA indicates that News Corp B is not efficiently generating profits from its assets to cover operating expenses. The negative operating ROA figures suggest that the company's operating income is insufficient to cover the costs of assets used in its operations.
It is essential for News Corp B to focus on improving its operational efficiency and profitability to enhance its operating return on assets in the future. Continued negative operating ROA could indicate financial challenges or inefficiencies that need to be addressed to ensure long-term sustainability and profitability.
Peer comparison
Jun 30, 2024