New York Times Company (NYT)
Return on assets (ROA)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 232,387 | 193,296 | 176,298 | 191,501 | 173,905 | 173,008 | 191,047 | 183,587 | 219,971 | 160,091 | 139,013 | 108,358 | 100,103 | 158,306 | 141,155 | 142,664 | 139,966 | 126,953 | 135,502 | 133,928 |
| Total assets | US$ in thousands | 2,714,600 | 2,546,530 | 2,479,070 | 2,472,290 | 2,533,750 | 2,515,390 | 2,512,860 | 2,529,270 | 2,564,110 | 2,469,410 | 2,348,010 | 2,282,760 | 2,307,690 | 2,139,540 | 2,058,360 | 2,023,470 | 2,089,140 | 2,254,960 | 2,206,370 | 2,194,560 |
| ROA | 8.56% | 7.59% | 7.11% | 7.75% | 6.86% | 6.88% | 7.60% | 7.26% | 8.58% | 6.48% | 5.92% | 4.75% | 4.34% | 7.40% | 6.86% | 7.05% | 6.70% | 5.63% | 6.14% | 6.10% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $232,387K ÷ $2,714,600K
= 8.56%
The Return on Assets (ROA) for New York Times Co. has shown relatively stable performance over the past eight quarters, ranging from 6.86% to 8.57%. This metric indicates the company's ability to generate profit relative to its total assets.
Throughout the periods, New York Times Co. has maintained a positive ROA, suggesting that it has been efficient in utilizing its assets to generate earnings. The increasing trend from Q2 2022 to Q4 2023 reflects improved profitability in relation to its asset base.
An ROA of around 7-8% signifies that the company is generating a healthy return on its investments in assets. However, there may be room for further optimization to enhance asset utilization and profitability. Overall, the consistent positive ROA indicates that New York Times Co. is effectively managing its assets to generate earnings for its stakeholders.
Peer comparison
Dec 31, 2023