News Corp A (NWSA)
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 A has fluctuated over the past five years. In the most recent fiscal year ending on June 30, 2024, the ROE was 3.28%, showing a slight improvement from the previous year's ROE of 1.85%. However, compared to two years ago, when the ROE was 7.58%, the current ROE appears lower.
The ROE for the fiscal year ending on June 30, 2021 was 4.02%, indicating a moderate performance in generating profits relative to shareholders' equity. Notably, in the fiscal year ending on June 30, 2020, the company experienced a negative ROE of -16.74%, implying that the company suffered a loss or earned a return that did not cover the shareholders' equity.
Overall, the trend in ROE for News Corp A shows volatility, with both positive and negative returns in recent years. It is essential for stakeholders to closely monitor the company's financial performance and assess the factors influencing the ROE to gauge the effectiveness of the company in generating returns for its shareholders.
Peer comparison
Jun 30, 2024