News Corp B (NWS)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 266,000 | 149,000 | 623,000 | 330,000 | -1,269,000 |
| Total assets | US$ in thousands | 16,684,000 | 16,921,000 | 17,221,000 | 16,771,000 | 14,261,000 |
| ROA | 1.59% | 0.88% | 3.62% | 1.97% | -8.90% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $266,000K ÷ $16,684,000K
= 1.59%
The return on assets (ROA) of News Corp B has shown fluctuating trends over the past five years.
In Jun 30, 2024, the ROA improved to 1.59% from the previous year's 0.88%, indicating a better ability to generate profits from its assets.
However, in Jun 30, 2023, the ROA dropped to 0.88% from 3.62% in Jun 30, 2022, reflecting a significant decline in profitability relative to its asset base.
The ROA was 1.97% in Jun 30, 2021, showing a moderate return on assets, and had a negative ROA of -8.90% in Jun 30, 2020, suggesting that the company incurred losses in that period that exceeded the value of its assets.
Overall, the ROA of News Corp B has been volatile, indicating fluctuations in its profitability relative to its asset base. Further analysis is required to understand the factors driving these changes and to assess the company's efficiency in utilizing its assets to generate returns.
Peer comparison
Jun 30, 2024