Paramount Global Class B (PARA)

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	-608,000	-1,101,000	-1,165,000	-447,000	1,104,000	3,141,000	3,448,000	4,065,000	4,543,000	3,295,000	3,372,000	2,817,000	2,422,000	1,354,000	1,369,000	1,865,000	3,308,000	4,453,000	4,709,000	4,686,000
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
ROA		-1.14%	-2.02%	-2.10%	-0.79%	1.89%	5.48%	6.05%	7.00%	7.75%	5.89%	6.11%	5.14%	4.60%	2.63%	2.67%	3.80%	6.67%	18.19%	19.76%	19.46%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $-608,000K ÷ $53,543,000K
= -1.14%

Paramount Global's return on assets (ROA) has been declining over the past eight quarters, indicating a decreasing ability to generate profits relative to its total assets. The company's ROA was negative in the most recent quarters, with Q4 2023 showing the lowest at -1.14%. This signifies that Paramount Global is not efficiently utilizing its assets to generate earnings and may be experiencing financial challenges. Additionally, the downward trend in ROA since Q1 2022 suggests a potential deterioration in the company's profitability and asset management efficiency. Management should closely evaluate the factors contributing to this decline in ROA and take corrective measures to improve operational performance and financial health.