Stock Analysis on Net

Paramount Global (NASDAQ:PARA)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 4, 2023.

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Paramount Global, ROA, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The financial data reveals significant fluctuations in net earnings, total assets, and return on assets (ROA) over the observed period. The net earnings attributable to the company show considerable volatility with sharp losses recorded in certain years, notably in 2005 and 2008, with losses of $7,089 million and $11,673 million respectively. Following these setbacks, the company experienced a general recovery and growth trend in net earnings from 2006 onward, reaching peaks in 2019 and 2021 with earnings of $3,308 million and $4,543 million respectively. However, the subsequent decline to $1,104 million in 2022 suggests some recent operational or market challenges.

Total assets exhibit a distinct pattern of relative stability with mild decreases and increases up until 2018, hovering mostly around the $26 billion mark. Notably, there is a substantial increase starting in 2019, where total assets approximate $49.5 billion and continue to rise, peaking at about $58.6 billion in 2021 before a slight dip in 2022. This uptrend indicates significant asset accumulation or revaluation during this latter period, potentially due to acquisitions, investments, or accounting adjustments.

Return on assets (ROA) displays a highly erratic pattern, corresponding closely with the fluctuations in net earnings. The sharp negative ROA in 2005 and 2008 (-16.47% and -43.41%) aligns with the large net losses in those years. Positive ROA figures resume following these years, generally improving and reaching a notable high of 12.29% in 2014. Thereafter, ROA declines with a few intermittent recoveries, maintaining positive but lower levels throughout 2017 to 2022. The ROA of 1.89% recorded in 2022, despite the increased asset base, suggests reduced profitability relative to the size of assets during that year.

In summary, the data indicates periods of financial distress and recovery. The company demonstrated resilience by recovering net earnings and improving ROA after the significant losses early in the period. The asset growth in recent years contrasts with the decreasing ROA, pointing to growing asset holdings that have not been matched by proportional net income growth, thereby indicating a potential need for improved asset utilization or enhanced profitability strategies going forward.


Comparison to Competitors

Paramount Global, ROA, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Media & Entertainment)

Paramount Global, ROA, long-term trends, comparison to sector (media & entertainment)

Microsoft Excel

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Communication Services)

Paramount Global, ROA, long-term trends, comparison to industry (communication services)

Microsoft Excel

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).