News Corp A (NWSA)
Return on assets (ROA)
| 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 assets | US$ in thousands | 16,684,000 | 16,921,000 | 17,221,000 | 16,771,000 | 14,261,000 |
| ROA | 1.59% | 0.88% | 3.62% | 1.97% | -8.90% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $266,000K ÷ $16,684,000K
= 1.59%
News Corp A's return on assets (ROA) has shown fluctuating trends over the past five years. In the most recent period ending June 30, 2024, the company's ROA stood at 1.59%, representing an improvement from the previous year's 0.88%. However, this figure is lower than the 3.62% ROA achieved in June 30, 2022.
The company experienced a significant decline in ROA in June 30, 2020, with a negative ROA of -8.90%, indicating that the company's assets were not generating a positive return at that time. Subsequently, there has been a steady recovery in ROA since then.
Overall, News Corp A's ROA performance suggests that the company has been able to effectively utilize its assets to generate returns in recent years, with room for further improvement to reach the levels achieved in 2022.
Peer comparison
Jun 30, 2024