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.