New York Times Company (NYT)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 232,387 | 173,905 | 219,971 | 100,103 | 139,966 |
| Total assets | US$ in thousands | 2,714,600 | 2,533,750 | 2,564,110 | 2,307,690 | 2,089,140 |
| ROA | 8.56% | 6.86% | 8.58% | 4.34% | 6.70% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $232,387K ÷ $2,714,600K
= 8.56%
The return on assets (ROA) for New York Times Co. has exhibited fluctuations over the past five years, as indicated in the table. In 2023, the ROA increased to 8.57%, representing a positive trend compared to the previous year's 6.86%. This improvement suggests that the company's ability to generate profit from its assets strengthened in 2023.
Comparing the current ROA to earlier years, it is notable that the company's performance in 2023 surpassed the ROA figures from both 2020 and 2019, reflecting enhanced asset efficiency and profitability. Additionally, the ROA in 2023 was relatively higher than in 2021, indicating a rebound in asset utilization and profitability.
Overall, the upward trend in ROA for New York Times Co. over the five-year period demonstrates management's effectiveness in leveraging the company's assets to generate earnings. It also suggests a potentially positive outlook for the company's financial performance and efficiency in the upcoming periods.
Peer comparison
Dec 31, 2023