Warner Bros Discovery Inc (WBD)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -3,126,000 | -7,371,000 | 1,006,000 | 1,219,000 | 2,069,000 |
| Total assets | US$ in thousands | 122,757,000 | 134,001,000 | 34,427,000 | 34,087,000 | 33,735,000 |
| ROA | -2.55% | -5.50% | 2.92% | 3.58% | 6.13% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-3,126,000K ÷ $122,757,000K
= -2.55%
Warner Bros. Discovery Inc's return on assets (ROA) has been fluctuating over the past five years. The company experienced a negative ROA of -2.55% at the end of 2023, following a more significant decline from -5.54% in 2022. This suggests that the company's assets are not generating sufficient profits. In the previous years, the ROA was positive, with 2.27% in 2021, 2.70% in 2020, and 5.47% in 2019. The declining trend in ROA could indicate potential inefficiencies in asset utilization or declining profitability. Warner Bros. Discovery Inc should focus on optimizing its asset management and enhancing profitability to improve its return on assets in the future.
Peer comparison
Dec 31, 2023