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MSG Networks (MSG Networks) ROA % : 19.26% (As of Mar. 2021)


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What is MSG Networks ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. MSG Networks's annualized Net Income for the quarter that ended in Mar. 2021 was $182.3 Mil. MSG Networks's average Total Assets over the quarter that ended in Mar. 2021 was $946.7 Mil. Therefore, MSG Networks's annualized ROA % for the quarter that ended in Mar. 2021 was 19.26%.

The historical rank and industry rank for MSG Networks's ROA % or its related term are showing as below:

MSGN' s ROA % Range Over the Past 10 Years
Min: 0.4   Med: 7.33   Max: 34.25
Current: 19.92

During the past 13 years, MSG Networks's highest ROA % was 34.25%. The lowest was 0.40%. And the median was 7.33%.

MSGN's ROA % is not ranked
in the Media - Diversified industry.
Industry Median: 0.82 vs MSGN: 19.92

MSG Networks ROA % Historical Data

The historical data trend for MSG Networks's ROA % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MSG Networks ROA % Chart

MSG Networks Annual Data
Trend Dec10 Jun12 Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 20.77 34.92 21.69 21.57

MSG Networks Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.39 27.14 16.06 18.30 19.26

Competitive Comparison of MSG Networks's ROA %

For the Entertainment subindustry, MSG Networks's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MSG Networks's ROA % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, MSG Networks's ROA % distribution charts can be found below:

* The bar in red indicates where MSG Networks's ROA % falls into.



MSG Networks ROA % Calculation

MSG Networks's annualized ROA % for the fiscal year that ended in Jun. 2020 is calculated as:

ROA %=Net Income (A: Jun. 2020 )/( (Total Assets (A: Jun. 2019 )+Total Assets (A: Jun. 2020 ))/ count )
=185.221/( (866.899+850.803)/ 2 )
=185.221/858.851
=21.57 %

MSG Networks's annualized ROA % for the quarter that ended in Mar. 2021 is calculated as:

ROA %=Net Income (Q: Mar. 2021 )/( (Total Assets (Q: Dec. 2020 )+Total Assets (Q: Mar. 2021 ))/ count )
=182.332/( (921.701+971.757)/ 2 )
=182.332/946.729
=19.26 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2021) net income data. ROA % is displayed in the 30-year financial page.


MSG Networks  (NYSE:MSGN) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A bank’s ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

ROA %(Q: Mar. 2021 )
=Net Income/Total Assets
=182.332/946.729
=(Net Income / Revenue)*(Revenue / Total Assets)
=(182.332 / 711.412)*(711.412 / 946.729)
=Net Margin %*Asset Turnover
=25.63 %*0.7514
=19.26 %

Note: The Net Income data used here is four times the quarterly (Mar. 2021) net income data. The Revenue data used here is four times the quarterly (Mar. 2021) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.


MSG Networks ROA % Related Terms

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MSG Networks (MSG Networks) Business Description

Traded in Other Exchanges
N/A
Address
11 Pennsylvania Plaza, 3rd Floor, New York, NY, USA, 10001
MSG Networks Inc is engaged in sports production, and content development and distribution. The company owns and operates two regional sports and entertainment networks, MSG Network and MSG+, collectively MSG Networks. Its networks are distributed throughout its territory, which includes all of New York State and significant portions of New Jersey and Connecticut, as well as parts of Pennsylvania. The company generates revenues from affiliate fees charged to distributors for the right to carry its programming networks, as well as from the sale of advertising.
Executives
Stephen Mills director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Lawrence J. Burian officer: EVP and General Counsel TWO PENN PLAZA, NEW YORK NY 10121
Dawn Darino-gorski officer: SVP, Controller & PAO 11 PENNSYLVANIA PLAZA NEW YORK NY 10001
Andrea Greenberg officer: President and CEO 11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
Bret Richter officer: EVP, CFO & Treasurer 11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
James Lawrence Dolan director, 10 percent owner, officer: Executive Chairman, other: Member of 13D Group BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Kristin A Dolan director, 10 percent owner C/O MSG TWO PENN PLAZA, 26TH FLOOR, NEW YORK NY 10121
Aidan J Dolan director 11 PENN PLAZA, NEW YORK NY 10001
Joseph Cohen director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Quentin F Dolan director 11 PENNSYLVANIA PLAZA, NEW YORK NY 10001
Hank Ratner director 1111 STEWART AVE C/O CABLEVISON BETHPAGE NY 11714-3581
John L Sykes director 2 PENNSYLVANIA PLAZA, NEW YORK NY 10121
Joel M. Litvin director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10011
Paul Joseph Dolan director, other: Trustee of Member of 13D Group TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Joseph Lhota director TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121