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News (NWSA) Return-on-Tangible-Equity

: 136.24% (As of Dec. 2023)
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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. News's annualized net income for the quarter that ended in Dec. 2023 was $624 Mil. News's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $458 Mil. Therefore, News's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 136.24%.

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

NWSA' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -76.03   Med: 2.95   Max: 70.76
Current: 53.95

During the past 13 years, News's highest Return-on-Tangible-Equity was 70.76%. The lowest was -76.03%. And the median was 2.95%.

NWSA's Return-on-Tangible-Equity is ranked better than
83.54% of 899 companies
in the Media - Diversified industry
Industry Median: 5.66 vs NWSA: 53.95

News Return-on-Tangible-Equity Historical Data

The historical data trend for News's Return-on-Tangible-Equity 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 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Return-on-Tangible-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.36 -76.03 20.98 70.76 36.47

News Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Return-on-Tangible-Equity 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 84.94 52.49 -7.67 29.78 136.24

Competitive Comparison

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

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

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



News Return-on-Tangible-Equity Calculation

News's annualized Return-on-Tangible-Equity for the fiscal year that ended in Jun. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Jun. 2023 )  (A: Jun. 2022 )(A: Jun. 2023 )
=149/( (382+435 )/ 2 )
=149/408.5
=36.47 %

News's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=624/( (371+545)/ 2 )
=624/458
=136.24 %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


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

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


News Return-on-Tangible-Equity Related Terms

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


News (NWSA) Business Description

Address
1211 Avenue of the Americas, New York, NY, USA, 10036
News Corporation is a diversified media conglomerate with significant presence in the U.S, the U.K., and Australia. Key mastheads 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 61%-owned REA Group is the dominant real estate classified business in Australia. In addition, it owns HarperCollins, one of the largest book publishers in the world, and also has a substantial digital property advertising business (Move) in the U.S.
Executives
Marygrace Degrazio officer: Chief Accounting Officer 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Kelly Ayotte director C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Susan Panuccio officer: Chief Financial Officer C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
David B Pitofsky officer: General Counsel C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Kevin Halpin officer: Deputy Chief Financial Officer 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Joel Klein director C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
James R Murdoch director C/O LUPA SYSTEMS, 363 LAFAYETTE STREET, NEW YORK NY 10022
John Elkann director 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10003
Elaine L. Chao director C/O DOLE FOOD COMPANY, INC., ONE DOLE DRIVE, WESTLAKE VILLAGE CA 91362
Ana Paula Pessoa director 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10003
Masroor Siddiqui director 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10003
Natalie Bancroft director C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Jose Maria Aznar director C/O NEWS AMERICA INCORPORATED, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Lachlan K Murdoch 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

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