Paramount Global Class B (PARA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -6,190,000 | -608,000 | 1,104,000 | 4,543,000 | 2,422,000 |
| Total assets | US$ in thousands | 46,172,000 | 53,543,000 | 58,393,000 | 58,620,000 | 52,663,000 |
| ROA | -13.41% | -1.14% | 1.89% | 7.75% | 4.60% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-6,190,000K ÷ $46,172,000K
= -13.41%
Based on the data provided, the return on assets (ROA) for Paramount Global Class B shows fluctuation over the years. In December 31, 2020, the ROA was 4.60%, indicating that the company generated a profit of 4.60 cents for every dollar of assets it owns. The ROA increased to 7.75% by December 31, 2021, suggesting improved asset utilization and profitability during that period.
However, the trend reversed in subsequent years as the ROA decreased significantly to 1.89% by December 31, 2022, and turned negative in the following years. By December 31, 2023, the ROA was -1.14%, implying that the company's assets were not generating profits but instead incurring losses. The downward trend persisted as the ROA plummeted to -13.41% by December 31, 2024, indicating a substantial decline in asset performance and profitability.
Overall, Paramount Global Class B's ROA has been volatile, showing periods of improvement followed by significant deterioration, which may raise concerns about the company's asset management efficiency and overall financial performance.
Peer comparison
Dec 31, 2024