Calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2025 | -48.79% | = | 100 | × | (4,478,900) | ÷ | 9,180,700) |
| Mar 31, 2024 | -30.65% | = | 100 | × | (3,744,200) | ÷ | 12,216,900) |
| Mar 31, 2023 | -7.09% | = | 100 | × | (1,124,700) | ÷ | 15,862,100) |
| Mar 31, 2022 | 6.39% | = | 100 | × | 418,022) | ÷ | 6,546,219) |
| Mar 31, 2021 | 9.77% | = | 100 | × | 588,886) | ÷ | 6,028,218) |
| Mar 31, 2020 | 8.17% | = | 100 | × | 404,459) | ÷ | 4,948,832) |
| Mar 31, 2019 | 7.87% | = | 100 | × | 333,837) | ÷ | 4,243,065) |
| Mar 31, 2018 | 4.64% | = | 100 | × | 173,533) | ÷ | 3,737,841) |
| Mar 31, 2017 | 2.14% | = | 100 | × | 67,303) | ÷ | 3,149,154) |
| Mar 31, 2016 | -0.32% | = | 100 | × | (8,302) | ÷ | 2,590,277) |
| Mar 31, 2015 | -12.53% | = | 100 | × | (279,470) | ÷ | 2,231,100) |
| Mar 31, 2014 | 20.09% | = | 100 | × | 361,605) | ÷ | 1,799,630) |
| Mar 31, 2013 | -2.31% | = | 100 | × | (29,491) | ÷ | 1,277,839) |
| Mar 31, 2012 | -9.47% | = | 100 | × | (108,816) | ÷ | 1,149,427) |
| Mar 31, 2011 | 4.99% | = | 100 | × | 48,458) | ÷ | 971,659) |
| Mar 31, 2010 | -14.65% | = | 100 | × | (122,995) | ÷ | 839,276) |
| Oct 31, 2009 | -13.68% | = | 100 | × | (137,930) | ÷ | 1,008,571) |
| Oct 31, 2008 | 8.96% | = | 100 | × | 97,097) | ÷ | 1,083,352) |
| Oct 31, 2007 | -16.65% | = | 100 | × | (138,406) | ÷ | 831,143) |
| Oct 31, 2006 | -21.28% | = | 100 | × | (184,889) | ÷ | 868,806) |
| Oct 31, 2005 | 4.02% | = | 100 | × | 37,475) | ÷ | 932,876) |
Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
1 US$ in thousands
The analysis of Return on Assets (ROA) from 2005 through 2025 reveals a history of significant volatility, characterized by alternating periods of profitability and substantial net losses. The overall trajectory indicates three distinct phases: a period of extreme fluctuation, a phase of relative stability and growth, and a recent period of severe decline.
- Early Volatility and Instability (2005–2013)
- During this timeframe, ROA exhibited erratic movements, frequently swinging between positive and negative territory. A significant drop occurred between 2005 (4.02%) and 2006 (-21.28%), reflecting a sharp turn toward net losses. While brief recoveries occurred, such as in 2008 (8.96%) and 2011 (4.99%), the period was primarily defined by inconsistent earnings and a lack of sustained asset efficiency.
- Operational Expansion and Profitability Growth (2014–2022)
- A period of improved financial performance is observed starting in 2014, which saw a peak ROA of 20.09%. Following a sharp correction in 2015, the company entered a steady upward trend in asset efficiency. ROA climbed consistently from -0.32% in 2016 to a high of 9.77% in 2021. This trend coincided with a steady increase in total assets, which grew from approximately 1.8 billion in 2014 to over 6.5 billion by 2022, indicating that the company successfully scaled its asset base while increasing net income.
- Recent Performance Deterioration (2023–2025)
- A severe downward reversal is evident in the most recent three years. ROA shifted from a positive 6.39% in 2022 to -7.09% in 2023, plummeting further to -30.65% in 2024 and -48.79% in 2025. This decline is driven by an unprecedented increase in net losses, reaching 4.48 billion by 2025. Although total assets peaked in 2023 at 15.86 billion before decreasing to 9.18 billion in 2025, the magnitude of the net losses has outpaced asset adjustments, leading to a precipitous drop in ROA.
- Asset Base and Income Correlation
- The relationship between total assets and net income has shifted over the long term. In the middle period, asset growth was generally supportive of income growth. However, in the final period, the massive expansion of the asset base to 15.86 billion in 2023 did not translate into higher returns, but instead preceded a period of significant capital erosion and negative returns on those assets.
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Comparison to Competitors
| Take-Two Interactive Software Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Mar 31, 2025 | -48.79% | 22.20% | 7.34% | 16.52% | 19.75% | 6.28% |
| Mar 31, 2024 | -30.65% | 22.24% | 6.08% | 22.59% | 16.24% | 2.53% |
| Mar 31, 2023 | -7.09% | 18.34% | 5.81% | 17.03% | 11.10% | 1.15% |
| Mar 31, 2022 | 6.39% | 16.42% | 2.09% | 12.49% | 9.24% | 1.54% |
| Mar 31, 2021 | 9.77% | 21.16% | 5.13% | 23.72% | 11.48% | 0.98% |
| Mar 31, 2020 | 8.17% | 12.60% | 3.85% | 18.29% | 7.03% | -1.42% |
| Mar 31, 2019 | 7.87% | 12.45% | 4.96% | 13.86% | 5.49% | 5.70% |
| Mar 31, 2018 | 4.64% | 13.20% | 4.66% | 22.72% | 4.66% | 12.78% |
| Mar 31, 2017 | 2.14% | 6.42% | 12.15% | 18.85% | 2.94% | 9.37% |
| Mar 31, 2016 | -0.32% | 11.63% | 4.82% | 15.73% | 1.37% | 10.20% |
| Mar 31, 2015 | -12.53% | 11.09% | 4.90% | 7.46% | 1.20% | 9.51% |
| Mar 31, 2014 | 20.09% | 11.01% | 5.26% | 7.32% | 3.78% | 8.91% |
| Mar 31, 2013 | -2.31% | 11.65% | 4.29% | 8.38% | 2.08% | 7.55% |
| Mar 31, 2012 | -9.47% | 11.45% | 3.76% | 0.35% | 0.43% | 7.59% |
| Mar 31, 2011 | 4.99% | 13.42% | 2.64% | — | 7.37% | 6.66% |
| Mar 31, 2010 | -14.65% | 14.70% | 3.07% | — | 16.38% | 5.73% |
| Oct 31, 2009 | -13.68% | 16.10% | 3.23% | — | 17.04% | 5.24% |
| Oct 31, 2008 | 8.96% | 13.31% | 2.25% | — | 13.44% | 7.08% |
| Oct 31, 2007 | -16.65% | 16.59% | 2.28% | — | 10.35% | 7.69% |
| Oct 31, 2006 | -21.28% | 16.66% | 2.29% | — | 8.06% | 5.62% |
| Oct 31, 2005 | 4.02% | 14.27% | 0.90% | — | 11.52% | 4.77% |
Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Sector (Media & Entertainment)
Take-Two Interactive Software Inc., ROA, long-term trends, comparison to sector (media & entertainment)
| Take-Two Interactive Software Inc. | Media & Entertainment | |
|---|---|---|
| Mar 31, 2025 | -48.79% | 15.87% |
| Mar 31, 2024 | -30.65% | 15.48% |
| Mar 31, 2023 | -7.09% | 11.82% |
| Mar 31, 2022 | 6.39% | 9.07% |
| Mar 31, 2021 | 9.77% | 13.02% |
| Mar 31, 2020 | 8.17% | 8.04% |
| Mar 31, 2019 | 7.87% | 8.75% |
| Mar 31, 2018 | 4.64% | 11.10% |
| Mar 31, 2017 | 2.14% | 10.43% |
| Mar 31, 2016 | -0.32% | 9.25% |
| Mar 31, 2015 | -12.53% | 7.95% |
| Mar 31, 2014 | 20.09% | 7.95% |
| Mar 31, 2013 | -2.31% | 7.34% |
| Mar 31, 2012 | -9.47% | 6.43% |
| Mar 31, 2011 | 4.99% | 6.19% |
| Mar 31, 2010 | -14.65% | 6.60% |
| Oct 31, 2009 | -13.68% | 6.26% |
| Oct 31, 2008 | 8.96% | 5.43% |
| Oct 31, 2007 | -16.65% | 5.76% |
| Oct 31, 2006 | -21.28% | 4.77% |
| Oct 31, 2005 | 4.02% | 2.98% |
Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Industry (Communication Services)
Take-Two Interactive Software Inc., ROA, long-term trends, comparison to industry (communication services)
| Take-Two Interactive Software Inc. | Communication Services | |
|---|---|---|
| Mar 31, 2025 | -48.79% | 11.31% |
| Mar 31, 2024 | -30.65% | 10.41% |
| Mar 31, 2023 | -7.09% | 7.94% |
| Mar 31, 2022 | 6.39% | 5.43% |
| Mar 31, 2021 | 9.77% | 8.36% |
| Mar 31, 2020 | 8.17% | 4.69% |
| Mar 31, 2019 | 7.87% | 6.30% |
| Mar 31, 2018 | 4.64% | 7.37% |
| Mar 31, 2017 | 2.14% | 9.22% |
| Mar 31, 2016 | -0.32% | 6.13% |
| Mar 31, 2015 | -12.53% | 5.86% |
| Mar 31, 2014 | 20.09% | 4.94% |
| Mar 31, 2013 | -2.31% | 5.87% |
| Mar 31, 2012 | -9.47% | 3.63% |
| Mar 31, 2011 | 4.99% | 3.13% |
| Mar 31, 2010 | -14.65% | 5.26% |
| Oct 31, 2009 | -13.68% | 4.17% |
| Oct 31, 2008 | 8.96% | 4.53% |
| Oct 31, 2007 | -16.65% | 4.38% |
| Oct 31, 2006 | -21.28% | 3.48% |
| Oct 31, 2005 | 4.02% | 3.57% |
Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-03-31), 10-K (reporting date: 2013-03-31), 10-K (reporting date: 2012-03-31), 10-K (reporting date: 2011-03-31), 10-K (reporting date: 2010-03-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).