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News Return-on-Tangible-Asset

: 4.64% (As of Jun. 2022)
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. News's annualized Net Income for the quarter that ended in Jun. 2022 was $440 Mil. News's average total tangible assets for the quarter that ended in Jun. 2022 was $9,488 Mil. Therefore, News's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 was 4.64%.

The historical rank and industry rank for News's Return-on-Tangible-Asset or its related term are showing as below:

NWSA' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -17.93   Med: 1.86   Max: 6.45
Current: 6.42

During the past 13 years, News's highest Return-on-Tangible-Asset was 6.45%. The lowest was -17.93%. And the median was 1.86%.

NWSA's Return-on-Tangible-Asset is ranked better than
69.15% of 1021 companies
in the Media - Diversified industry
Industry Median: 2.21 vs NWSA: 6.42

News Return-on-Tangible-Asset Historical Data

The historical data trend for News's Return-on-Tangible-Asset 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.

News Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Return-on-Tangible-Asset
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -17.93 1.87 -15.30 3.59 6.45

News Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Return-on-Tangible-Asset 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 Premium Member Only Premium Member Only Premium Member Only -0.59 7.97 9.58 3.37 4.64

Competitive Comparison

For the Entertainment subindustry, News's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.

   

News Return-on-Tangible-Asset Distribution

For the Media - Diversified industry and Communication Services sector, News's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where News's Return-on-Tangible-Asset falls into.



News Return-on-Tangible-Asset Calculation

News's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jun. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jun. 2022 )  (A: Jun. 2021 )(A: Jun. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jun. 2022 )  (A: Jun. 2021 )(A: Jun. 2022 )
=623/( (9939+9381)/ 2 )
=623/9660
=6.45 %

News's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2022 )  (Q: Mar. 2022 )(Q: Jun. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2022 )  (Q: Mar. 2022 )(Q: Jun. 2022 )
=440/( (9594+9381)/ 2 )
=440/9487.5
=4.64 %

* 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Jun. 2022) net income data.


News  (NAS:NWSA) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset 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. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset 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 Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


News Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of News's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


News Business Description

News logo
Address
1211 Avenue of the Americas, New York, NY, USA, 10036
News Corporation is a media conglomerate with large presence in the U.S, the U.K., and Australia. Key brands include The Wall Street Journal, Herald Sun, and The Times. The company also has a strong presence in the Australian pay-TV market through Fox Sports and Foxtel (both 65%-owned), while its 62%-owned REA Group is the dominant real estate classified business in Australia. In addition, it owns HarperCollins, one of the largest book publishers globally, and also has a substantial digital property advertising business (Move) in the U.S.
Executives
Ayotte Kelly director C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Panuccio Susan officer: Chief Financial Officer C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Pitofsky David B officer: General Counsel C/O NEWS CORPORATION 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Klein Joel director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Halpin Kevin officer: Deputy Chief Financial Officer 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Murdoch Lachlan K director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Elkann John director 1211 AVENUE OF THE AMERICAS NEW YORK NY 10003
Chao Elaine L. director C/O DOLE FOOD COMPANY, INC. ONE DOLE DRIVE WESTLAKE VILLAGE CA 91362
Murdoch James R director C/O LUPA SYSTEMS 363 LAFAYETTE STREET NEW YORK NY 10022
Pessoa Ana Paula director 1211 AVENUE OF THE AMERICAS NEW YORK NY 10003
Siddiqui Masroor director 1211 AVENUE OF THE AMERICAS NEW YORK NY 10003
Bancroft Natalie director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Aznar Jose Maria director C/O NEWS AMERICA INCORPORATED 1211 AVENUE OF THE AMERICAS NEW YORK NY 10036
Cruden Financial Services Llc 10 percent owner C/O MCDONALD CARANO WILSON LLP 100 LIBERTY STREET RENO NV 89501
Murdoch Family Trust 10 percent owner C/O MCDONALD CARANO WILSON LLP 100 LIBERTY STREET RENO NV 89501

News Headlines

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