News Corp B (NWS)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 8,120,000 | 8,064,000 | 8,222,000 | 8,211,000 | 7,582,000 |
| ROE | 3.28% | 1.85% | 7.58% | 4.02% | -16.74% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $266,000K ÷ $8,120,000K
= 3.28%
The return on equity (ROE) of News Corp B has shown mixed performance over the past five years. In 2024, the ROE stands at 3.28%, marking a slight improvement from the previous year's 1.85%. The increase in ROE demonstrates the company's ability to generate profit relative to its shareholders' equity.
Looking back to 2022, News Corp B achieved a ROE of 7.58%, reflecting a strong performance in utilizing shareholders' equity to generate profit. This was a notable improvement from the 4.02% ROE in 2021 but a significant recovery from the negative -16.74% ROE reported in 2020.
Despite the recent improvement in ROE, News Corp B may need to sustain or further enhance its profitability to ensure sustainable value creation for its shareholders. The fluctuating ROE over the years indicates the company's volatility in generating returns on equity, highlighting the importance of consistent performance and effective management of assets and liabilities.
Peer comparison
Jun 30, 2024