Stock Analysis on Net
Stock Analysis on Net

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

This company has been moved to the archive! The financial data has not been updated since February 6, 2019.

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin 
Quarterly Data

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

Twenty-First Century Fox Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Dec 31, 2018 43.36% = 21.06% × 2.06
Sep 30, 2018 23.64% = 8.98% × 2.63
Jun 30, 2018 22.82% = 8.29% × 2.75
Mar 31, 2018 21.19% = 7.45% × 2.85
Dec 31, 2017 21.54% = 7.49% × 2.87
Sep 30, 2017 18.31% = 5.74% × 3.19
Jun 30, 2017 18.78% = 5.82% × 3.23
Mar 31, 2017 20.26% = 6.00% × 3.38
Dec 31, 2016 21.51% = 6.27% × 3.43
Sep 30, 2016 21.01% = 5.97% × 3.52
Jun 30, 2016 20.17% = 5.70% × 3.54
Mar 31, 2016 15.72% = 4.62% × 3.40
Dec 31, 2015 16.61% = 5.01% × 3.32
Sep 30, 2015 51.99% = 16.55% × 3.14
Jun 30, 2015 48.23% = 16.60% × 2.91
Mar 31, 2015 51.24% = 17.90% × 2.86
Dec 31, 2014 46.92% = 17.66% × 2.66
Sep 30, 2014 26.41% = 7.85% × 3.36
Jun 30, 2014 25.92% = 8.24% × 3.15
Mar 31, 2014 18.00% = 5.69% × 3.17
Dec 31, 2013 28.02% = 9.28% × 3.02
Sep 30, 2013 35.53% = 11.54% × 3.08
Jun 30, 2013 41.75% = 13.93% × 3.00
Mar 31, 2013 — = — × 2.28
Dec 31, 2012 — = — × 2.23
Sep 30, 2012 — = — × 2.27

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), 10-K (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-Q (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30).

The primary reason for the increase in return on equity ratio (ROE) over Q2 2019 is the increase in profitability measured by return on assets ratio (ROA).

Three-Component Disaggregation of ROE

Twenty-First Century Fox Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Dec 31, 2018 43.36% = 44.71% × 0.47 × 2.06
Sep 30, 2018 23.64% = 16.01% × 0.56 × 2.63
Jun 30, 2018 22.82% = 14.68% × 0.56 × 2.75
Mar 31, 2018 21.19% = 13.76% × 0.54 × 2.85
Dec 31, 2017 21.54% = 13.50% × 0.56 × 2.87
Sep 30, 2017 18.31% = 10.30% × 0.56 × 3.19
Jun 30, 2017 18.78% = 10.36% × 0.56 × 3.23
Mar 31, 2017 20.26% = 10.72% × 0.56 × 3.38
Dec 31, 2016 21.51% = 10.99% × 0.57 × 3.43
Sep 30, 2016 21.01% = 10.45% × 0.57 × 3.52
Jun 30, 2016 20.17% = 10.08% × 0.56 × 3.54
Mar 31, 2016 15.72% = 8.46% × 0.55 × 3.40
Dec 31, 2015 16.61% = 9.09% × 0.55 × 3.32
Sep 30, 2015 51.99% = 29.23% × 0.57 × 3.14
Jun 30, 2015 48.23% = 28.65% × 0.58 × 2.91
Mar 31, 2015 51.24% = 29.54% × 0.61 × 2.86
Dec 31, 2014 46.92% = 28.53% × 0.62 × 2.66
Sep 30, 2014 26.41% = 13.14% × 0.60 × 3.36
Jun 30, 2014 25.92% = 14.17% × 0.58 × 3.15
Mar 31, 2014 18.00% = 10.26% × 0.55 × 3.17
Dec 31, 2013 28.02% = 16.60% × 0.56 × 3.02
Sep 30, 2013 35.53% = 21.30% × 0.54 × 3.08
Jun 30, 2013 41.75% = 25.64% × 0.54 × 3.00
Mar 31, 2013 — = — × — × 2.28
Dec 31, 2012 — = — × — × 2.23
Sep 30, 2012 — = — × — × 2.27

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), 10-K (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-Q (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30).

The primary reason for the increase in return on equity ratio (ROE) over Q2 2019 is the increase in profitability measured by net profit margin ratio.

Five-Component Disaggregation of ROE

Twenty-First Century Fox Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Dec 31, 2018 43.36% = 0.92 × 0.93 × 52.56% × 0.47 × 2.06
Sep 30, 2018 23.64% = 1.15 × 0.78 × 17.99% × 0.56 × 2.63
Jun 30, 2018 22.82% = 1.09 × 0.77 × 17.59% × 0.56 × 2.75
Mar 31, 2018 21.19% = 1.05 × 0.75 × 17.35% × 0.54 × 2.85
Dec 31, 2017 21.54% = 1.05 × 0.75 × 17.06% × 0.56 × 2.87
Sep 30, 2017 18.31% = 0.67 × 0.78 × 19.61% × 0.56 × 3.19
Jun 30, 2017 18.78% = 0.68 × 0.78 × 19.61% × 0.56 × 3.23
Mar 31, 2017 20.26% = 0.73 × 0.77 × 18.84% × 0.56 × 3.38
Dec 31, 2016 21.51% = 0.72 × 0.78 × 19.49% × 0.57 × 3.43
Sep 30, 2016 21.01% = 0.71 × 0.77 × 18.92% × 0.57 × 3.52
Jun 30, 2016 20.17% = 0.71 × 0.77 × 18.55% × 0.56 × 3.54
Mar 31, 2016 15.72% = 0.64 × 0.75 × 17.62% × 0.55 × 3.40
Dec 31, 2015 16.61% = 0.65 × 0.76 × 18.35% × 0.55 × 3.32
Sep 30, 2015 51.99% = 0.88 × 0.88 × 37.48% × 0.57 × 3.14
Jun 30, 2015 48.23% = 0.87 × 0.89 × 37.08% × 0.58 × 2.91
Mar 31, 2015 51.24% = 0.86 × 0.90 × 38.16% × 0.61 × 2.86
Dec 31, 2014 46.92% = 0.88 × 0.90 × 36.18% × 0.62 × 2.66
Sep 30, 2014 26.41% = 0.74 × 0.83 × 21.18% × 0.60 × 3.36
Jun 30, 2014 25.92% = 0.78 × 0.84 × 21.67% × 0.58 × 3.15
Mar 31, 2014 18.00% = 0.73 × 0.80 × 17.67% × 0.55 × 3.17
Dec 31, 2013 28.02% = 0.75 × 0.86 × 25.75% × 0.56 × 3.02
Sep 30, 2013 35.53% = 0.78 × 0.88 × 30.90% × 0.54 × 3.08
Jun 30, 2013 41.75% = 0.81 × 0.89 × 35.59% × 0.54 × 3.00
Mar 31, 2013 — = — × — × — × — × 2.28
Dec 31, 2012 — = — × — × — × — × 2.23
Sep 30, 2012 — = — × — × — × — × 2.27

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), 10-K (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-Q (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30).

The primary reason for the increase in return on equity ratio (ROE) over Q2 2019 is the increase in operating profitability measured by EBIT margin ratio.

Two-Component Disaggregation of ROA

Twenty-First Century Fox Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Dec 31, 2018 21.06% = 44.71% × 0.47
Sep 30, 2018 8.98% = 16.01% × 0.56
Jun 30, 2018 8.29% = 14.68% × 0.56
Mar 31, 2018 7.45% = 13.76% × 0.54
Dec 31, 2017 7.49% = 13.50% × 0.56
Sep 30, 2017 5.74% = 10.30% × 0.56
Jun 30, 2017 5.82% = 10.36% × 0.56
Mar 31, 2017 6.00% = 10.72% × 0.56
Dec 31, 2016 6.27% = 10.99% × 0.57
Sep 30, 2016 5.97% = 10.45% × 0.57
Jun 30, 2016 5.70% = 10.08% × 0.56
Mar 31, 2016 4.62% = 8.46% × 0.55
Dec 31, 2015 5.01% = 9.09% × 0.55
Sep 30, 2015 16.55% = 29.23% × 0.57
Jun 30, 2015 16.60% = 28.65% × 0.58
Mar 31, 2015 17.90% = 29.54% × 0.61
Dec 31, 2014 17.66% = 28.53% × 0.62
Sep 30, 2014 7.85% = 13.14% × 0.60
Jun 30, 2014 8.24% = 14.17% × 0.58
Mar 31, 2014 5.69% = 10.26% × 0.55
Dec 31, 2013 9.28% = 16.60% × 0.56
Sep 30, 2013 11.54% = 21.30% × 0.54
Jun 30, 2013 13.93% = 25.64% × 0.54
Mar 31, 2013 — = — × —
Dec 31, 2012 — = — × —
Sep 30, 2012 — = — × —

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), 10-K (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-Q (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30).

The primary reason for the increase in return on assets ratio (ROA) over Q2 2019 is the increase in profitability measured by net profit margin ratio.

Four-Component Disaggregation of ROA

Twenty-First Century Fox Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Dec 31, 2018 21.06% = 0.92 × 0.93 × 52.56% × 0.47
Sep 30, 2018 8.98% = 1.15 × 0.78 × 17.99% × 0.56
Jun 30, 2018 8.29% = 1.09 × 0.77 × 17.59% × 0.56
Mar 31, 2018 7.45% = 1.05 × 0.75 × 17.35% × 0.54
Dec 31, 2017 7.49% = 1.05 × 0.75 × 17.06% × 0.56
Sep 30, 2017 5.74% = 0.67 × 0.78 × 19.61% × 0.56
Jun 30, 2017 5.82% = 0.68 × 0.78 × 19.61% × 0.56
Mar 31, 2017 6.00% = 0.73 × 0.77 × 18.84% × 0.56
Dec 31, 2016 6.27% = 0.72 × 0.78 × 19.49% × 0.57
Sep 30, 2016 5.97% = 0.71 × 0.77 × 18.92% × 0.57
Jun 30, 2016 5.70% = 0.71 × 0.77 × 18.55% × 0.56
Mar 31, 2016 4.62% = 0.64 × 0.75 × 17.62% × 0.55
Dec 31, 2015 5.01% = 0.65 × 0.76 × 18.35% × 0.55
Sep 30, 2015 16.55% = 0.88 × 0.88 × 37.48% × 0.57
Jun 30, 2015 16.60% = 0.87 × 0.89 × 37.08% × 0.58
Mar 31, 2015 17.90% = 0.86 × 0.90 × 38.16% × 0.61
Dec 31, 2014 17.66% = 0.88 × 0.90 × 36.18% × 0.62
Sep 30, 2014 7.85% = 0.74 × 0.83 × 21.18% × 0.60
Jun 30, 2014 8.24% = 0.78 × 0.84 × 21.67% × 0.58
Mar 31, 2014 5.69% = 0.73 × 0.80 × 17.67% × 0.55
Dec 31, 2013 9.28% = 0.75 × 0.86 × 25.75% × 0.56
Sep 30, 2013 11.54% = 0.78 × 0.88 × 30.90% × 0.54
Jun 30, 2013 13.93% = 0.81 × 0.89 × 35.59% × 0.54
Mar 31, 2013 — = — × — × — × —
Dec 31, 2012 — = — × — × — × —
Sep 30, 2012 — = — × — × — × —

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), 10-K (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-Q (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30).

The primary reason for the increase in return on assets ratio (ROA) over Q2 2019 is the increase in operating profitability measured by EBIT margin ratio.

Disaggregation of Net Profit Margin

Twenty-First Century Fox Inc., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Dec 31, 2018 44.71% = 0.92 × 0.93 × 52.56%
Sep 30, 2018 16.01% = 1.15 × 0.78 × 17.99%
Jun 30, 2018 14.68% = 1.09 × 0.77 × 17.59%
Mar 31, 2018 13.76% = 1.05 × 0.75 × 17.35%
Dec 31, 2017 13.50% = 1.05 × 0.75 × 17.06%
Sep 30, 2017 10.30% = 0.67 × 0.78 × 19.61%
Jun 30, 2017 10.36% = 0.68 × 0.78 × 19.61%
Mar 31, 2017 10.72% = 0.73 × 0.77 × 18.84%
Dec 31, 2016 10.99% = 0.72 × 0.78 × 19.49%
Sep 30, 2016 10.45% = 0.71 × 0.77 × 18.92%
Jun 30, 2016 10.08% = 0.71 × 0.77 × 18.55%
Mar 31, 2016 8.46% = 0.64 × 0.75 × 17.62%
Dec 31, 2015 9.09% = 0.65 × 0.76 × 18.35%
Sep 30, 2015 29.23% = 0.88 × 0.88 × 37.48%
Jun 30, 2015 28.65% = 0.87 × 0.89 × 37.08%
Mar 31, 2015 29.54% = 0.86 × 0.90 × 38.16%
Dec 31, 2014 28.53% = 0.88 × 0.90 × 36.18%
Sep 30, 2014 13.14% = 0.74 × 0.83 × 21.18%
Jun 30, 2014 14.17% = 0.78 × 0.84 × 21.67%
Mar 31, 2014 10.26% = 0.73 × 0.80 × 17.67%
Dec 31, 2013 16.60% = 0.75 × 0.86 × 25.75%
Sep 30, 2013 21.30% = 0.78 × 0.88 × 30.90%
Jun 30, 2013 25.64% = 0.81 × 0.89 × 35.59%
Mar 31, 2013 — = — × — × —
Dec 31, 2012 — = — × — × —
Sep 30, 2012 — = — × — × —

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), 10-K (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-Q (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30).

The primary reason for the increase in net profit margin ratio over Q2 2019 is the increase in operating profitability measured by EBIT margin ratio.