New York Times Company (NYT)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 293,825 | 232,387 | 173,905 | 219,971 | 100,103 |
| Total assets | US$ in thousands | 2,841,480 | 2,714,600 | 2,533,750 | 2,564,110 | 2,307,690 |
| ROA | 10.34% | 8.56% | 6.86% | 8.58% | 4.34% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $293,825K ÷ $2,841,480K
= 10.34%
The Return on Assets (ROA) is a key financial ratio that measures a company's ability to generate profit from its total assets. Based on the provided data for New York Times Company, the ROA has shown a positive trend over the past five years.
As of December 31, 2020, the ROA stood at 4.34%, indicating that the company generated $0.0434 in profit for every dollar of assets. Subsequently, the ROA increased to 8.58% by December 31, 2021, signaling an improvement in the company's profitability efficiency.
In the following years, the ROA fluctuated but generally remained at healthy levels. By December 31, 2022, the ROA was 6.86%, showing a slight decrease from the previous year. However, the ROA bounced back to 8.56% by December 31, 2023, suggesting the company's enhanced ability to generate earnings from its assets.
Notably, by the end of December 31, 2024, the ROA reached its highest point at 10.34%, demonstrating significant profitability relative to its asset base. This upward trend in ROA indicates that New York Times Company has been effectively utilizing its assets to generate profits over the analyzed period.
Overall, the increasing trend in ROA reflects favorably on the company's operational efficiency and profitability, showcasing its ability to generate higher returns from its asset base.
Peer comparison
Dec 31, 2024