New York Times Company (NYT)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 276,272 | 201,967 | 268,034 | 176,256 | 175,582 |
| Total assets | US$ in thousands | 2,714,600 | 2,533,750 | 2,564,110 | 2,307,690 | 2,089,140 |
| Operating ROA | 10.18% | 7.97% | 10.45% | 7.64% | 8.40% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $276,272K ÷ $2,714,600K
= 10.18%
Operating return on assets (ROA) measures how efficiently a company generates operating income from its assets. In the case of New York Times Co., operating ROA has shown a relatively consistent performance over the past five years.
In 2023, New York Times Co. achieved an operating ROA of 10.72%, up from 10.09% in 2022 and 10.60% in 2021. This increase indicates improved efficiency in utilizing its assets to generate operating income.
Comparing to previous years, the company's operating ROA in 2020 was 7.64% and 8.50% in 2019. The upward trend in operating ROA from 2020 to 2023 reflects enhanced asset utilization and operational efficiency within the company.
Overall, New York Times Co. has consistently maintained a healthy operating ROA, suggesting effective management of assets to generate operating profits. A higher operating ROA indicates better operational performance and efficiency, which could be attributed to effective cost management, revenue generation, and overall operational effectiveness within the organization.
Peer comparison
Dec 31, 2023