News Corp B (NWS)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 8,120,000 | 8,051,000 | 8,182,000 | 7,892,000 | 8,064,000 | 8,077,000 | 8,115,000 | 7,872,000 | 8,222,000 | 8,425,000 | 8,383,000 | 8,210,000 | 8,211,000 | 8,188,000 | 8,131,000 | 7,639,000 | 7,582,000 | 7,832,000 | 8,958,000 | 8,714,000 |
| ROE | 3.28% | 2.58% | 2.79% | 1.76% | 1.85% | 3.31% | 3.68% | 5.93% | 7.58% | 5.92% | 5.92% | 5.99% | 4.02% | -0.65% | -10.60% | -13.20% | -16.74% | -11.78% | -2.04% | -1.99% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $266,000K ÷ $8,120,000K
= 3.28%
The return on equity (ROE) of News Corp B has shown a fluctuating trend over the past few quarters. It ranged from negative values like -1.99% and -10.60% to positive values such as 7.58% and 3.31%. Notably, the ROE has been volatile, with no clear upward or downward trajectory evident.
The highest ROE was observed in the quarter ending June 30, 2022, at 7.58%, which indicates a relatively strong performance in generating profit with shareholder equity. On the other hand, the lowest ROEs were recorded in the quarters ending September 30, 2020, and June 30, 2020, at -16.74% and -13.20%, respectively, reflecting significant challenges in profitability and efficiency during those periods.
Overall, the recent ROE values suggest some improvement compared to the negative returns observed in the two quarters ending March 31, 2021, and December 31, 2020. However, it is important to monitor this metric closely in subsequent quarters to assess the company's ability to generate returns for its shareholders effectively.
Peer comparison
Jun 30, 2024