News Corp B (NWS)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | -1,269,000 | -923,000 | -183,000 | -173,000 |
| 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 |
| ROA | 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% | -8.90% | -6.40% | -1.12% | -1.07% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $266,000K ÷ $16,684,000K
= 1.59%
The return on assets (ROA) of News Corp B has shown fluctuations over the past 20 quarters. ROA is a key financial ratio that measures a company's ability to generate profit from its assets.
In the most recent quarter of June 30, 2024, the ROA was 1.59%, indicating that the company generated $1.59 in earnings for every $100 of assets. This was an improvement from the previous quarter's ROA of 1.26%.
Looking at the trend over the past two years, the ROA has varied between positive and negative values. The highest ROA was observed in the quarter ending March 31, 2022, at 3.62%, while the lowest ROA was recorded in the quarter ending September 30, 2020, at -8.90%.
Overall, the company's ROA has shown volatility, likely impacted by changes in asset utilization efficiency, profitability, and asset management strategies. It is important for investors and stakeholders to closely monitor these fluctuations to assess the company's financial performance and sustainability.
Peer comparison
Jun 30, 2024