Paramount Global Class B (PARA)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -451,000 | -673,000 | -728,000 | 341,000 | 2,342,000 | 4,824,000 | 5,137,000 | 5,544,000 | 6,297,000 | 4,716,000 | 4,740,000 | 4,765,000 | 4,139,000 | 3,012,000 | 3,093,000 | 3,256,000 | 4,146,000 | 5,449,000 | 5,772,000 | 5,806,000 |
| Total assets | US$ in thousands | 53,543,000 | 54,640,000 | 55,361,000 | 56,561,000 | 58,393,000 | 57,287,000 | 56,961,000 | 58,043,000 | 58,620,000 | 55,912,000 | 55,204,000 | 54,773,000 | 52,663,000 | 51,425,000 | 51,188,000 | 49,045,000 | 49,585,000 | 24,476,000 | 23,835,000 | 24,075,000 |
| Operating ROA | -0.84% | -1.23% | -1.32% | 0.60% | 4.01% | 8.42% | 9.02% | 9.55% | 10.74% | 8.43% | 8.59% | 8.70% | 7.86% | 5.86% | 6.04% | 6.64% | 8.36% | 22.26% | 24.22% | 24.12% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-451,000K ÷ $53,543,000K
= -0.84%
Paramount Global's operating return on assets (ROA) has fluctuated over the past eight quarters. In the most recent quarter, Q4 2023, the operating ROA was 3.68%, marking an improvement from the previous two quarters where it was negative (-0.59% in Q3 2023 and -0.43% in Q2 2023). However, this value is lower compared to the same quarter in the previous year (Q4 2022) where the operating ROA was 4.92%.
Overall, Paramount Global's operating ROA has shown some variability over the analyzed period, with the highest values observed in Q2 2022 (5.38%) and Q1 2022 (5.76%). It is important for the company's management to further analyze the factors contributing to these fluctuations in the operating ROA to make informed decisions that can optimize the utilization of assets and improve financial performance in the future.
Peer comparison
Dec 31, 2023