News Corp B (NWS)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -2,826,000 | -2,769,000 | -2,730,000 | -2,781,000 | -2,779,000 | -2,935,000 | -2,945,000 | -2,800,000 | -2,720,000 | -2,861,000 | -2,878,000 | -2,833,000 | -2,829,000 | -450,000 | -1,480,000 | -1,678,000 | -2,077,000 | -950,000 | 71,000 | 64,000 |
| Total assets | US$ in thousands | 16,684,000 | 16,544,000 | 16,681,000 | 16,475,000 | 16,921,000 | 17,034,000 | 16,891,000 | 16,387,000 | 17,221,000 | 17,419,000 | 16,520,000 | 16,418,000 | 16,771,000 | 15,397,000 | 15,094,000 | 14,400,000 | 14,261,000 | 14,428,000 | 16,282,000 | 16,233,000 |
| Operating ROA | -16.94% | -16.74% | -16.37% | -16.88% | -16.42% | -17.23% | -17.44% | -17.09% | -15.79% | -16.42% | -17.42% | -17.26% | -16.87% | -2.92% | -9.81% | -11.65% | -14.56% | -6.58% | 0.44% | 0.39% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-2,826,000K ÷ $16,684,000K
= -16.94%
The operating return on assets (operating ROA) for News Corp B has been consistently negative over the past several quarters, indicating that the company is not efficiently generating profits from its assets. The trend shows that the operating ROA has been fluctuating around the negative range, with the most recent value being -16.94% as of June 30, 2024.
This negative trend suggests that News Corp B may be facing challenges in effectively utilizing its assets to generate operating income. It is important for the company to assess and improve its operational efficiency, profitability, and asset management strategies to enhance its overall financial performance.
Additionally, the significant negative values of operating ROA over the past few quarters highlight the need for News Corp B to carefully evaluate and possibly restructure its operations to achieve better returns on its assets and improve its overall financial health.
Peer comparison
Jun 30, 2024