Warner Bros Discovery Inc (WBD)
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 | -3,126,000 | -4,827,000 | -6,718,000 | -8,896,000 | -7,371,000 | -5,232,000 | -2,768,000 | 1,322,000 | 1,006,000 | 1,239,000 | 1,383,000 | 982,000 | 1,219,000 | 1,424,000 | 1,386,000 | 2,062,000 | 2,069,000 | 1,862,000 | 1,717,000 | 986,000 |
| Total assets | US$ in thousands | 122,757,000 | 123,749,000 | 128,618,000 | 130,584,000 | 134,001,000 | 136,049,000 | 142,240,000 | 33,799,000 | 34,427,000 | 34,318,000 | 34,572,000 | 33,625,000 | 34,087,000 | 33,438,000 | 33,089,000 | 33,390,000 | 33,735,000 | 32,825,000 | 33,845,000 | 32,444,000 |
| ROA | -2.55% | -3.90% | -5.22% | -6.81% | -5.50% | -3.85% | -1.95% | 3.91% | 2.92% | 3.61% | 4.00% | 2.92% | 3.58% | 4.26% | 4.19% | 6.18% | 6.13% | 5.67% | 5.07% | 3.04% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-3,126,000K ÷ $122,757,000K
= -2.55%
Warner Bros. Discovery Inc's return on assets (ROA) has fluctuated over the past eight quarters. The ROA has been negative for seven out of the eight quarters, indicating that the company's net income generated from its assets has been insufficient to cover its total assets. The ROA peaked at 3.20% in Q1 2022, indicating a temporary positive performance, but subsequently declined sharply. The most recent ROA in Q4 2023 was at -2.55%, showing a slight improvement compared to prior quarters.
The declining trend in ROA from Q1 2022 to Q4 2023 reflects potential inefficiencies in utilizing the company's assets to generate profits. It suggests that Warner Bros. Discovery Inc may need to improve its operational efficiency, profitability, or asset utilization to enhance its overall financial performance. Further analysis, including comparing the ROA to industry peers and investigating underlying factors affecting profitability, would provide deeper insights into the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2023
See also:
Warner Bros Discovery Inc Return on Assets (ROA) (Quarterly Data)