News Corp B (NWS)
Return on assets (ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,180,000 | 487,000 | 414,000 | 355,000 | 266,000 | 208,000 | 228,000 | 139,000 | 149,000 | 267,000 | 299,000 | 467,000 | 623,000 | 499,000 | 496,000 | 492,000 | 330,000 | -53,000 | -862,000 | -1,008,000 |
| Total assets | US$ in thousands | 15,504,000 | 16,580,000 | 16,161,000 | 16,927,000 | 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 |
| ROA | 7.61% | 2.94% | 2.56% | 2.10% | 1.59% | 1.26% | 1.37% | 0.84% | 0.88% | 1.57% | 1.77% | 2.85% | 3.62% | 2.86% | 3.00% | 3.00% | 1.97% | -0.34% | -5.71% | -7.00% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,180,000K ÷ $15,504,000K
= 7.61%
The analysis of News Corp B's return on assets (ROA) over the indicated period reveals significant variations reflecting the company's operational performance and strategic positioning. Initially, during the fiscal year ending September 30, 2020, the ROA was negative at -7.00%, indicating that the company's net income was insufficient to cover its assets, likely due to pandemic-related disruptions or structural challenges. The following quarter showed an improvement to -5.71%, suggesting a gradual recovery.
By March 31, 2021, the ROA approached near breakeven at -0.34%, indicating the company was beginning to generate positive returns relative to its asset base. This improvement continued into the subsequent quarters, with a marked positive turning point reaching 1.97% by June 30, 2021. The series of positive ROA figures persisted through the latter part of 2021 and into 2022, with ROA stabilizing around 2.86% to 3.62%, demonstrating sustained operational profitability and effective asset utilization.
However, starting from late 2022, there was a noticeable decline in ROA, dropping to 1.77% in December 2022, and further to 1.57% in March 2023. This downward trend suggests potential headwinds affecting profitability or increased asset bases not proportionally generating income. The ROA continued to gradually decrease through 2023, reaching 0.84% in September 2023, indicating a slowdown in asset efficiency or profitability margins.
In the most recent quarters, a recovery trend is observed: ROA increased slightly to 1.37% in December 2023, then to 1.26% in March 2024, and further to 2.10% by September 2024. The upward trajectory continued into 2025, with ROA reaching 2.56% in December 2024 and significantly increasing to 2.94% in March 2025. The most notable turnaround is seen at the June 30, 2025, where the ROA surges to 7.61%, indicating a robust improvement in asset efficiency and profitability in the recent period.
Overall, the ROA pattern reflects an initial period of substantial losses, followed by a phase of steady recovery and stabilization in profitability margins, albeit at relatively modest levels. The recent sharp increase in ROA suggests a significant enhancement in asset utilization or profit generation, positioning the company favorably for future performance assessment.
Peer comparison
Jun 30, 2025