News Corp A (NWSA)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -2,826,000 | -2,769,000 | -2,730,000 | -2,781,000 | -2,779,000 | -2,935,000 | -2,945,000 | -2,800,000 | -2,720,000 | -2,861,000 | -2,878,000 | -2,833,000 | -2,829,000 | -450,000 | -1,480,000 | -1,678,000 | -2,077,000 | -950,000 | 71,000 | 64,000 |
| 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 |
| Operating ROA | -16.94% | -16.74% | -16.37% | -16.88% | -16.42% | -17.23% | -17.44% | -17.09% | -15.79% | -16.42% | -17.42% | -17.26% | -16.87% | -2.92% | -9.81% | -11.65% | -14.56% | -6.58% | 0.44% | 0.39% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-2,826,000K ÷ $16,684,000K
= -16.94%
The operating return on assets (ROA) for News Corp A has been consistently negative over the past several quarters, indicating that the company is not effectively generating profits from its assets through its core operations. The downward trend in operating ROA suggests that the company's operational efficiency and profitability have been deteriorating during the period under review. The most recent operating ROA figure of -16.94% as of June 30, 2024, reflects a continuation of this negative performance trend. However, it is worth noting that there was a notable improvement in operating ROA in the first quarter of 2021, where the figure was as high as 0.44%, before deteriorating again in subsequent quarters. Overall, the persistent negative operating ROA figures signal potential challenges in News Corp A's ability to effectively utilize its assets to generate profits from its core business operations.
Peer comparison
Jun 30, 2024