Twenty-First Century Fox Inc. (NASDAQ:FOX)

Gross Profit Margin

The gross profit margin exhibits fluctuations over the analyzed period. It started at 36.78% in 2013, declined to its lowest point of 33.76% in 2014, then showed a recovery trend reaching a peak of 37.63% in 2017 before decreasing again to 34.97% in 2018. This pattern suggests variability in cost management or pricing strategies impacting gross profitability.

Operating Profit Margin

Operating profit margin follows a somewhat parallel trend to the gross profit margin but with less volatility. It began at 19.42% in 2013, dropped to 17.22% in 2014, then increased consistently to 21.89% by 2017, before a slight decrease to 20.75% in 2018. This indicates steady improvements in operational efficiency or control over operating expenses during most of the period examined.

Net Profit Margin

The net profit margin shows significant variability, indicating pronounced impacts from non-operating factors, taxation, or extraordinary items. It started at a strong 25.64% in 2013, declined sharply to 14.17% in 2014, surged to a high of 28.65% in 2015, then decreased notably to around 10% in 2016 and 2017, before a moderate rise to 14.68% in 2018. This volatility suggests inconsistencies in overall profitability despite operational gains.

Return on Equity (ROE)

ROE demonstrates a highly volatile pattern, mirroring the net profit margin trends but with even wider swings. Beginning at 41.75% in 2013, it fell markedly to 25.92% in 2014, peaked at 48.23% in 2015, then dropped significantly to around 20% in the following years with a slight increase to 22.82% in 2018. These fluctuations may reflect variations in net income, leverage, or equity base changes, highlighting inconsistent returns to shareholders.

Return on Assets (ROA)

ROA experienced a similar downward trend with a slight recovery at the end. It started at 13.93% in 2013 and decreased sharply to 8.24% in 2014, bounced back to 16.6% in 2015, before declining continuously to a low of 5.7% in 2016 and marginally increasing to 8.29% in 2018. This suggests fluctuating efficiency in asset utilization to generate profits, with a notable reduction in profitability relative to assets during the latter years.

The financial data reveals several important trends over the six-year period from June 30, 2013, to June 30, 2018.

Revenues

Revenues exhibited some volatility, increasing substantially from 27,675 million USD in 2013 to a peak of 31,867 million USD in 2014. However, this peak was followed by a decline to 27,326 million USD by 2016. After 2016, revenues demonstrated a recovery trend, rising to 30,400 million USD by 2018. Overall, despite fluctuations, the revenue level in 2018 was higher than in 2013, indicating a moderate upward trend over the entire period.

Gross Profit

Gross profit followed a somewhat inconsistent pattern. It increased from 10,179 million USD in 2013 to 10,759 million USD in 2014, then declined intermittently, reaching its lowest point of 10,197 million USD in 2016. A recovery was noted in 2017 with gross profit reaching 10,725 million USD, but it slightly decreased again in 2018 to 10,631 million USD. This suggests stability in gross profit levels with minor fluctuations rather than significant growth over the period.

Gross Profit Margin

The gross profit margin showed a degree of variability. It started at 36.78% in 2013 but decreased sharply to 33.76% in 2014. Subsequently, the margin improved, rising to 37.63% in 2017, which represents the highest margin during the period under review. In 2018, the margin declined again to 34.97%. These fluctuations indicate variability in cost management or pricing power, affecting profitability relative to revenues.

In summary, while revenues displayed a recovery after mid-period declines, gross profit remained relatively stable with some minor dips and recoveries. The gross profit margin’s fluctuations suggest varying operational efficiency or pricing strategies, impacting overall profitability. The data reflects a company that experienced volatility but managed to maintain a consistent gross profit base relative to changing revenue levels.

The financial data reveals several notable trends over the six-year period ending in June 2018. Revenues exhibit some fluctuations, initially increasing significantly from 27,675 million US dollars in June 2013 to a peak of 31,867 million US dollars in June 2014. This is followed by a decline over the next two fiscal years, dropping to 27,326 million US dollars by June 2016. Subsequently, revenues recover somewhat, rising to 30,400 million US dollars by June 2018, though they do not surpass the earlier peak of 2014.

Operating income generally trends upward throughout the period. Starting at 5,375 million US dollars in June 2013, operating income rises each year overall, reaching 6,307 million US dollars by June 2018. While minor variations appear, the overall trajectory indicates consistent growth in operating income despite some revenue volatility.

Operating profit margin

The operating profit margin shows variability but maintains relatively high levels. It decreases from 19.42% in June 2013 to 17.22% in June 2014, then increases markedly to 20.37% in June 2015 and slightly improves to 20.75% in June 2016. The margin peaks at 21.89% in June 2017 before slightly decreasing to 20.75% in June 2018. These fluctuations suggest ongoing efforts to manage operating efficiency, with margins stabilizing around 20% in the latter years.

Overall, the data reveals a pattern of revenue volatility alongside steadily increasing operating income, reflecting improved operational efficiency or cost management as evidenced by relatively stable and generally increasing operating profit margins. The company appears to have managed profitability effectively despite fluctuations in revenue levels.

Revenues

The revenues experienced fluctuations over the six-year period. Starting at 27,675 million USD in 2013, revenues increased to a peak of 31,867 million USD in 2014. Following that, revenues decreased in 2015 and 2016, reaching 27,326 million USD in 2016. There was a slight recovery in 2017 and 2018, with revenues rising to 30,400 million USD by 2018. Overall, the revenue trend shows variability with no consistent upward or downward trajectory.

Net income attributable to stockholders

Net income showed significant volatility throughout the years. It peaked in 2015 at 8,306 million USD, which was substantially higher than the 4,514 million USD recorded in 2014. Before and after this peak, net income values were lower, with 7,097 million USD in 2013 and a notable decline to 2,755 million USD in 2016. Net income saw a moderate recovery reaching 4,464 million USD in 2018. The data suggests considerable fluctuations in profitability without a steady trend.

Net profit margin

Net profit margin mirrored the fluctuations observed in net income. The highest margin was recorded in 2015 at 28.65%, reflecting strong profitability relative to revenues that year. Margins were significantly lower in 2014 (14.17%), 2016 (10.08%), and 2017 (10.36%), indicating reduced efficiency or increased costs during these periods. The margin improved somewhat to 14.68% in 2018 but did not return to the peak levels seen in 2015. This pattern highlights inconsistency in maintaining profitability ratios over time.

Overall insights

The financial performance shows variability with periods of strong profitability, particularly in 2015, followed by declines and partial recoveries in subsequent years. Revenue fluctuations combined with corresponding shifts in net income and net profit margin suggest that the company faced changing operational or market conditions affecting both top-line growth and profitability. The lack of a clear, sustained improvement in financial metrics indicates potential challenges in achieving stable earnings growth during the analyzed timeframe.

Net Income Trends

The net income attributable to stockholders exhibited considerable volatility over the period analyzed. Beginning at $7,097 million in 2013, there was a significant decline to $4,514 million in 2014, followed by a sharp increase to a peak of $8,306 million in 2015. The subsequent years saw a marked decline again, with net income decreasing to $2,755 million in 2016 and remaining relatively stable at $2,952 million in 2017 before recovering somewhat to $4,464 million in 2018. This pattern indicates substantial fluctuations in profitability, suggesting varying operational performance or the impact of atypical items during certain years.

Total Stockholders’ Equity

The total equity attributed to stockholders showed fluctuating but generally moderate changes during the period. Starting at $16,998 million in 2013, equity increased slightly to $17,418 million in 2014, then experienced a minor decline to $17,220 million in 2015. A notable decrease occurred in 2016, with equity falling to $13,661 million, possibly reflecting share repurchases, dividends, or other equity reductions. Equity rebounded thereafter to $15,722 million in 2017 and further to $19,564 million in 2018, suggesting renewed capital accumulation or improved retained earnings.

Return on Equity (ROE)

The ROE trend closely mirrored the net income fluctuations but demonstrated a significant downward trend after 2015. From a high of 41.75% in 2013, ROE dropped to 25.92% in 2014, then spiked to 48.23% in 2015, indicating strong profitability relative to equity. However, post-2015, ROE declined sharply to 20.17% in 2016 and continued lower to 18.78% in 2017 before a modest recovery to 22.82% in 2018. This decline reflects reduced efficiency in generating profits from equity or the effect of increased equity levels not matched by proportional net income growth.

Overall Insights

The financial data reveals a period of volatility in profitability, with net income and ROE peaking in 2015 but declining significantly thereafter. Although equity experienced fluctuations, the overall increase by 2018 may highlight strategic equity management. The decline in ROE following 2015 suggests operational challenges or increased equity base diluting returns. The recovery in net income and equity by 2018 could indicate stabilization or improvement in financial performance toward the end of the period.

The financial data reveals several notable trends over the examined periods. Net income attributable to stockholders exhibits significant fluctuation, with a peak occurring in the year ending June 30, 2015, followed by a sharp decline in the subsequent two years, and a moderate recovery in the latest period reported. This pattern indicates volatility in profitability, suggesting possible external or internal factors impacting earnings during these years.

Total assets demonstrate a downward trend from 2014 to 2016, reaching the lowest point in 2016, after which there is a gradual recovery. This movement in asset base could reflect strategic adjustments such as asset sales, impairments, or investments made during this timeframe.

The Return on Assets (ROA) closely mirrors the net income trend, showing a high in 2015, a substantial drop in 2016 and 2017, and an increase in 2018. The ROA values suggest that the company's efficiency in generating profit from its assets diminished during the mid-period years but improved by the end of the period observed.

Net Income

The income peaked notably in 2015 at 8,306 million US dollars, followed by a steep decline to 2,755 million in 2016, remaining low in 2017, before rising to 4,464 million in 2018.

Total Assets

Assets increased initially from 50,944 million to 54,793 million between 2013 and 2014, decreased steadily to 48,365 million in 2016, then showed growth to 53,831 million by 2018.

Return on Assets (ROA)

ROA followed net income patterns with a high of 16.6% in 2015, dropping to around 5.7%-5.82% in 2016 and 2017, then increasing to 8.29% in 2018.

The analysis indicates a period of earnings and asset management volatility, with recovery signs towards the end of the studied interval. This could suggest operational challenges faced in the middle years, potentially addressed by strategic initiatives implemented later.