News Corp A (NWSA)
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 A has shown fluctuation over the past several quarters. ROE indicates how efficiently a company is generating profits from its shareholder's equity.
From Dec 31, 2019, to Jun 30, 2020, the ROE was negative, indicating that the company was not generating profits from its shareholders' equity during that period. However, from Sep 30, 2020, to Mar 31, 2022, the ROE showed an improving trend, reaching a peak of 7.58% on Sep 30, 2022, before experiencing a slight decline.
From Mar 31, 2022, to Jun 30, 2024, the ROE remained relatively stable, ranging between 2.58% to 3.68%. Although the ROE has shown some improvement from the negative values in 2020, it still remains relatively low compared to the peak levels in 2022.
Overall, the company's ROE performance has been mixed, with periods of improvement followed by fluctuations. Further analysis of the company's financial strategies and operational performance may provide insights into the factors influencing the ROE trends.
Peer comparison
Jun 30, 2024