Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Income Statement
- Statement of Comprehensive Income
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
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Profitability Ratios (Summary)
Twenty-First Century Fox Inc., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-K (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-K (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30).
The financial data over the referenced periods reveals several key trends in the company’s profitability and efficiency metrics.
- Gross Profit Margin
- The gross profit margin displays a generally stable and slightly increasing trend, starting at 35.86% and fluctuating modestly before rising to 35.38% by the end of the period. This indicates consistent control over the direct costs relative to sales revenue, suggesting steady operational efficiency in production or service delivery.
- Operating Profit Margin
- Operating margins demonstrate a clear upward trajectory, beginning at 18.28% and climbing to a peak above 22% in some quarters, followed by some volatility but remaining above 20% in most recent periods. This suggests improved management of operating expenses relative to revenue, enhancing operating profitability.
- Net Profit Margin
- The net profit margin shows considerable volatility throughout the periods with notable peaks and troughs. Initial values indicate a decrease from above 21% down to single digits around 2015-2016, reflective of either increased non-operating expenses or irregular financial impacts. However, there is a marked recovery in later periods, reaching a substantial 44.71% at the end of the observed timeline, indicating a significant improvement in overall profitability, possibly influenced by non-recurring items or extraordinary gains.
- Return on Equity (ROE)
- Return on equity exhibits substantial fluctuation, ranging from a high above 50% early in the timeline to a dip near 15-18% in the middle periods, before partially recovering to over 43% at the final period. This pattern indicates changing efficiency in generating shareholder returns from equity investments, potentially reflecting variations in net income and equity base.
- Return on Assets (ROA)
- Return on assets follows a similar fluctuating pattern as ROE but on a lower scale, starting around 11.54%, declining to near 4-6% in mid periods, then recovering to reach 21.06% toward the end. This suggests periods of varying asset utilization efficiency and profitability from total asset investments, with stronger performance in recent quarters.
In summary, the company maintains solid gross and operating profit margins with an upward trend, indicative of operational strength. However, net profit margins and returns on equity and assets exhibit significant volatility, showing periods of both strong returns and diminished profitability. The recovery and growth in these bottom-line profitability measures toward the end of the data series may suggest effective strategic initiatives, one-time events, or improved financial management contributing to enhanced overall performance.
Return on Sales
Return on Investment
Gross Profit Margin
Twenty-First Century Fox Inc., gross profit margin calculation (quarterly data)
| Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Gross profit | |||||||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Gross profit margin1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Alphabet Inc. | |||||||||||||||||||||||||||||
| Comcast Corp. | |||||||||||||||||||||||||||||
| Meta Platforms Inc. | |||||||||||||||||||||||||||||
| Netflix Inc. | |||||||||||||||||||||||||||||
| Trade Desk Inc. | |||||||||||||||||||||||||||||
| Walt Disney Co. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-K (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-K (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30).
1 Q2 2019 Calculation
Gross profit margin = 100
× (Gross profitQ2 2019
+ Gross profitQ1 2019
+ Gross profitQ4 2018
+ Gross profitQ3 2018)
÷ (RevenuesQ2 2019
+ RevenuesQ1 2019
+ RevenuesQ4 2018
+ RevenuesQ3 2018)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data over the observed quarters reveals several notable trends regarding gross profit, revenues, and gross profit margins.
- Revenues
- Revenues exhibit significant fluctuations throughout the periods. Initially, revenues increased from approximately 7,061 million to a peak near 8,163 million between late 2013 and the turn of 2014. Subsequently, there is a downward trend reaching a low around the mid-2015 period at approximately 6,077 million. Revenues recovered somewhat after this trough, but continued to fluctuate, demonstrating periods of both growth and decline without establishing a consistent long-term trend. The final quarter reports revenues near 8,499 million, which is an increase relative to prior quarters, suggesting some recovery or seasonality effects.
- Gross Profit
- Gross profit generally follows the pattern of revenues but with less volatility. Starting just above 2,600 million, gross profit shows modest growth until early 2014, then declines steadily into mid-2015 alongside revenue decreases. Subsequently, gross profit oscillates, with intermittent rises and drops that correspond roughly with changes in revenue levels. The end of the period indicates a gross profit near 2,494 million, somewhat lower than the earlier peaks but reflecting the general revenue movements over the years.
- Gross Profit Margin
- The gross profit margin percentage reveals an upward trend over the long term. Initially in the mid-30% range (around 35.86%), it experienced a decline reaching a low point near 33.59% by late 2014. However, from that point onwards, the margin progressively improved, peaking in the range of 37.93% in early 2016 and maintaining levels mostly above 35% thereafter. Although there is minor fluctuation, the overall pattern shows enhanced efficiency or improved cost management, as indicated by the rising gross profit margin despite the variable revenue levels.
In summary, the data indicates a period of revenue instability with notable downturns and recoveries. Gross profit largely tracks these revenue changes but with less pronounced volatility. Importantly, the gross profit margin trend implies rising profitability efficiency over time, suggesting the company was able to improve its cost base or pricing power even when revenues faced challenges.
Operating Profit Margin
Twenty-First Century Fox Inc., operating profit margin calculation (quarterly data)
| Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Operating income | |||||||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Operating profit margin1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Alphabet Inc. | |||||||||||||||||||||||||||||
| Comcast Corp. | |||||||||||||||||||||||||||||
| Meta Platforms Inc. | |||||||||||||||||||||||||||||
| Netflix Inc. | |||||||||||||||||||||||||||||
| Trade Desk Inc. | |||||||||||||||||||||||||||||
| Walt Disney Co. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-K (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-K (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30).
1 Q2 2019 Calculation
Operating profit margin = 100
× (Operating incomeQ2 2019
+ Operating incomeQ1 2019
+ Operating incomeQ4 2018
+ Operating incomeQ3 2018)
÷ (RevenuesQ2 2019
+ RevenuesQ1 2019
+ RevenuesQ4 2018
+ RevenuesQ3 2018)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Operating Income
- The operating income demonstrates fluctuation throughout the observed periods. Initially, there is a generally stable pattern with values around the 1200 to 1500 million USD range in 2013 and 2014. In 2015, the income hovers between 1300 and 1600 million USD, peaking in the first quarter of 2016 at 1715 million USD. A significant decline occurs in the second quarter of 2016, dropping to 982 million USD. Subsequently, the operating income recovers and stays mostly between 1500 and 1800 million USD through 2017. However, volatility persists with intermittent declines in 2017 and 2018, concluding at 1396 million USD in the last reported quarter. Overall, the operating income shows resilience but with periods of pronounced variability.
- Revenues
- Revenues display a downward trend with notable variability over the evaluated quarters. Starting at approximately 7061 million USD in late 2013, revenues experience an increase to over 8400 million USD early in 2014, followed by a marked decline that extends through 2015 and mid-2016, reaching lows near 6200 to 6500 million USD. A recovery phase is noticeable from late 2016 through 2017 where revenues climb back over 7000 million USD, peaking again near 8000 million USD. In late 2018, revenues demonstrate upward momentum, closing at 8499 million USD, the highest in the dataset. The general trend implies periodic revenue contraction matched by phases of recovery, suggesting fluctuating market or operational factors impacting sales.
- Operating Profit Margin
- The operating profit margin exhibits a consistent upward trend across the time frame, signaling improving operational efficiency or cost management relative to revenues. Margins start in the mid-teens percentage range (around 17%) in 2013 and steadily rise, reaching peaks above 22% in late 2015 and early 2016. Though there is a slight drop in mid-2016, the margin stabilizes around 20-22% thereafter. By the end of 2018, the operating profit margin is approximately 21%, indicating sustained robust profitability. This upward trend in margin contrasts somewhat with the fluctuations in operating income and revenues, suggesting an effective control over operating costs or enhanced product mix.
- Overall Insights
- The analysis reveals that while revenues and operating income faced volatility over the examined quarters, the operating profit margin demonstrated a steady improvement. Revenues exhibit cyclical patterns with periods of both contraction and growth, potentially reflecting external market conditions or internal business adjustments. Operating income reflects this variability but maintains an overall growth after a mid-period dip. The consistent increase in operating profit margin is a positive indicator of profitability enhancement despite revenue fluctuations. This suggests that the company may have implemented successful efficiency initiatives or strategic adjustments offsetting the impact of revenue variability.
Net Profit Margin
Twenty-First Century Fox Inc., net profit margin calculation (quarterly data)
| Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income attributable to Twenty-First Century Fox, Inc. stockholders | |||||||||||||||||||||||||||||
| Revenues | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| Net profit margin1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||||||||||
| Alphabet Inc. | |||||||||||||||||||||||||||||
| Comcast Corp. | |||||||||||||||||||||||||||||
| Meta Platforms Inc. | |||||||||||||||||||||||||||||
| Netflix Inc. | |||||||||||||||||||||||||||||
| Trade Desk Inc. | |||||||||||||||||||||||||||||
| Walt Disney Co. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-K (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-K (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30).
1 Q2 2019 Calculation
Net profit margin = 100
× (Net income attributable to Twenty-First Century Fox, Inc. stockholdersQ2 2019
+ Net income attributable to Twenty-First Century Fox, Inc. stockholdersQ1 2019
+ Net income attributable to Twenty-First Century Fox, Inc. stockholdersQ4 2018
+ Net income attributable to Twenty-First Century Fox, Inc. stockholdersQ3 2018)
÷ (RevenuesQ2 2019
+ RevenuesQ1 2019
+ RevenuesQ4 2018
+ RevenuesQ3 2018)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Net Income Trend
- The net income attributable to stockholders demonstrates significant fluctuations over the observed quarters. Initially, the values remain relatively stable around the 1,000 million US$ mark, with a notable peak in December 2014 reaching approximately 6,207 million US$. Following this peak, there is a steep decline in subsequent quarters until mid-2015 where values drop sharply to below 100 million US$. Afterwards, net income exhibits a gradual recovery trend with increased volatility. By the final quarter covered, net income attains its highest recorded value exceeding 10,800 million US$, indicating a substantial improvement compared to the earlier periods.
- Revenue Pattern
- Revenues show moderate variation across the period, generally oscillating between approximately 6,000 million and 8,500 million US$. The data reflects several phases of both decline and growth. The revenue peaked near the end of 2013 and early 2014, followed by a declining phase till mid-2015. Subsequent quarters show a pattern of moderate recovery and stability with some periodic declines. The ending data points reflect an upward revenue trend, approaching the higher range observed during the period.
- Net Profit Margin Analysis
- The net profit margin percentage exhibits a variable but insightful trend. Early data points reveal margins generally between 10% and 21%, peaking at over 28% during late 2014 and early 2015, coinciding with the peak in net income. Margins then contract sharply down to single digits near the end of 2015 and early 2016. A steady improvement follows thereafter, with margins gradually increasing to above 16% in late 2018. The final period ends with an exceptional margin exceeding 44%, suggesting enhanced profitability relative to revenue in that quarter.
- Overall Financial Insights
- The financial data reflects a cyclical pattern with notable volatility in profitability and net income, contrasting with more stable but variable revenue streams. The pronounced peaks and troughs in net income and profit margins likely indicate the impact of extraordinary items or significant operational changes during specific quarters. The trend towards increasing profit margins and net income in the latter part of the series signals improved operational efficiency or favorable market conditions. The final quarter's exceptionally high net income and profit margin merit further examination for underlying causes, such as one-time events or strategic financial decisions.
Return on Equity (ROE)
Twenty-First Century Fox Inc., ROE calculation (quarterly data)
| Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income attributable to Twenty-First Century Fox, Inc. stockholders | |||||||||||||||||||||||||||||
| Total Twenty-First Century Fox, Inc. stockholders’ equity | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| ROE1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||||||||||
| Alphabet Inc. | |||||||||||||||||||||||||||||
| Comcast Corp. | |||||||||||||||||||||||||||||
| Meta Platforms Inc. | |||||||||||||||||||||||||||||
| Netflix Inc. | |||||||||||||||||||||||||||||
| Trade Desk Inc. | |||||||||||||||||||||||||||||
| Walt Disney Co. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-K (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-K (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30).
1 Q2 2019 Calculation
ROE = 100
× (Net income attributable to Twenty-First Century Fox, Inc. stockholdersQ2 2019
+ Net income attributable to Twenty-First Century Fox, Inc. stockholdersQ1 2019
+ Net income attributable to Twenty-First Century Fox, Inc. stockholdersQ4 2018
+ Net income attributable to Twenty-First Century Fox, Inc. stockholdersQ3 2018)
÷ Total Twenty-First Century Fox, Inc. stockholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Income Attributable to Stockholders
- The net income experienced considerable fluctuation over the reported periods. Initially, values were relatively stable, ranging between approximately 999 million and 1255 million dollars. There was a notable spike in December 2014, reaching 6207 million, followed by a sharp decline to 87 million in June 2015. Subsequent quarters showed variability, with income generally trending upwards from mid-2016 onwards, culminating in a peak of 10815 million dollars by the end of 2018. This pattern suggests periods of significant profitability interspersed with phases of reduced earnings, indicating possible impacts from extraordinary items or changes in operational performance.
- Total Stockholders’ Equity
- Stockholders’ equity showed a gradual downward trend from late 2013 to mid-2016, decreasing from about 17,649 million to 13,661 million dollars. From mid-2016 forward, an upward trend emerged, with equity rising steadily and significantly, peaking at 32,005 million dollars by the end of 2018. This increase in equity in the latter periods may reflect retained earnings growth, issuance of stock, or other capital changes, highlighting an overall strengthening of the company’s financial base after a period of decline.
- Return on Equity (ROE)
- ROE exhibited considerable volatility corresponding with fluctuations in net income and equity. Early periods reflected very high ROE values, notably exceeding 40% in late 2014 and early 2015, coinciding with elevated net income relative to equity. Following this peak, ROE generally declined, stabilizing between 15% and 23% during 2016 and 2017, before rising again sharply to over 43% at the end of 2018. The variations in ROE suggest shifts in profitability efficiency relative to the equity base, influenced by both earnings volatility and changes in equity position.
- Overall Insights
- The data reveals a pattern of significant earnings and equity fluctuations over the analyzed period. Sharp increases in net income and ROE during late 2014 and late 2018 indicate episodes of heightened profitability, possibly linked to extraordinary gains or operational improvements. Conversely, periods of reduced earnings and equity contraction suggest intervals of financial strain or restructuring. The steady rise in equity in later years points to enhanced capital strength, supporting sustainable profitability as indicated by improved ROE levels. These trends highlight a dynamic financial performance with phases of volatility ultimately trending toward growth and strengthened shareholder value.
Return on Assets (ROA)
Twenty-First Century Fox Inc., ROA calculation (quarterly data)
| Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | Dec 31, 2014 | Sep 30, 2014 | Jun 30, 2014 | Mar 31, 2014 | Dec 31, 2013 | Sep 30, 2013 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income attributable to Twenty-First Century Fox, Inc. stockholders | |||||||||||||||||||||||||||||
| Total assets | |||||||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||||||
| ROA1 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||||||||||
| Alphabet Inc. | |||||||||||||||||||||||||||||
| Comcast Corp. | |||||||||||||||||||||||||||||
| Meta Platforms Inc. | |||||||||||||||||||||||||||||
| Netflix Inc. | |||||||||||||||||||||||||||||
| Trade Desk Inc. | |||||||||||||||||||||||||||||
| Walt Disney Co. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-K (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-K (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30).
1 Q2 2019 Calculation
ROA = 100
× (Net income attributable to Twenty-First Century Fox, Inc. stockholdersQ2 2019
+ Net income attributable to Twenty-First Century Fox, Inc. stockholdersQ1 2019
+ Net income attributable to Twenty-First Century Fox, Inc. stockholdersQ4 2018
+ Net income attributable to Twenty-First Century Fox, Inc. stockholdersQ3 2018)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial performance over the quarters demonstrates notable fluctuations in both profitability and asset base, indicating periods of varying operational effectiveness and asset utilization.
- Net Income
- The net income attributable to stockholders exhibits marked volatility, with peaks and troughs throughout the observed timeframe. Initially, the values hover slightly above 1,000 million US dollars, peaking in the quarter ending December 31, 2014, at 6,207 million US dollars, which suggests an extraordinary gain or event during that period. Subsequently, net income declines sharply in early 2015, followed by oscillations around 600 to 900 million US dollars for several quarters. The final quarter in the dataset shows a sharp increase, reaching 10,815 million US dollars, highlighting another significant positive event or transaction impacting income.
- Total Assets
- Total assets generally demonstrate a declining trend from around 53,000 million US dollars in late 2013 to just below 48,000 million US dollars by the end of 2015. After this period, assets stabilize and gradually increase, reaching nearly 65,000 million US dollars by the final quarter. This upward trajectory towards the end may indicate asset acquisitions, capital investments, or revaluation impacts.
- Return on Assets (ROA)
- The ROA values fluctuate considerably, peaking at 17.9% and 17.66% in late 2014 and early 2015, closely corresponding to periods of high net income. Thereafter, ROA declines to levels around 5-6% for multiple quarters, reflecting reduced efficiency or lower profitability relative to the asset base during that timeframe. An upward trend begins again in late 2017, with ROA reaching 21.06% in the final quarter, consistent with the spike in net income.
- Analysis Summary
- The data indicates the company experienced episodic events positively impacting net income and ROA, particularly in late 2014 and at the end of the reporting period. The asset base contraction from 2013 to 2015 followed by growth may reflect strategic restructuring or asset management activities. The oscillation in profitability metrics suggests periods of operational and financial volatility, while the significant gains in the last reported quarter may be due to extraordinary activities such as asset sales, mergers, or other one-time transactions.