News Corp A (NWSA)
Return on assets (ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,180,000 | 487,000 | 414,000 | 355,000 | 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 |
| Total assets | US$ in thousands | 15,504,000 | 16,580,000 | 16,161,000 | 16,927,000 | 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 |
| ROA | 7.61% | 2.94% | 2.56% | 2.10% | 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% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,180,000K ÷ $15,504,000K
= 7.61%
The analysis of News Corp A's return on assets (ROA) over the specified periods indicates a significant evolution from negative to positive territory, followed by periods of stabilization and subsequent improvement.
Initially, the ROA was markedly negative as of September 30, 2020, at -7.00%, reflecting substantial challenges in generating profit from its asset base amidst the economic conditions of that period, likely exacerbated by the global impacts of the COVID-19 pandemic. By the end of 2020, the ROA improved to -5.71%, indicating a reduction in losses and some operational resilience.
Throughout 2021, a substantial positive shift was observed. By March 31, 2021, the ROA approached near break-even at -0.34%, and subsequently turned positive with 1.97% on June 30, 2021. This upward trajectory continued into late 2021, with the ROA reaching 3.00% at both September and December 2021, signifying consistent profitability and efficient asset utilization during this period.
In 2022, profitability remained positive but showed signs of modest decline, registering 2.86% at the end of March, 3.62% in June, and slightly decreasing to 2.85% by the end of September. The decline persisted into December, with the ROA prevailing at 1.77%, indicating a slight reduction in asset productivity or profit margins.
The subsequent period demonstrates a gradual decrease in ROA: 1.57% in Q1 2023, further declining to 0.88% in June 2023, and 0.84% in September 2023. Although still positive, these figures reflect ongoing challenges in maintaining higher levels of profitability relative to assets.
Looking ahead, slight recovery trends are observed with ROA figures of 1.37% in December 2023, 1.26% in March 2024, and an increase to 1.59% in June 2024, followed by a more notable rise to 2.10% in September 2024 and 2.56% in December 2024. The positive trajectory continues into early 2025, with the ROA reaching 2.94% in March and a significant jump to 7.61% in June 2025.
In summary, News Corp A experienced a severe negative ROA during the early part of the analyzed period, with a general trend towards stabilization and recovery beginning around mid-2021. The recent upward movement, particularly in mid-2025, suggests an improving operational efficiency and asset profitability, albeit with fluctuations that reflect ongoing risks and market dynamics impacting the company's asset utilization and profit margins.
Peer comparison
Jun 30, 2025