Walt Disney Company (DIS)

Fixed asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	91,361,000	88,898,000	82,722,000	67,418,000	65,388,000
Property, plant and equipment	US$ in thousands	37,041,000	34,941,000	33,596,000	32,624,000	32,078,000
Fixed asset turnover		2.47	2.54	2.46	2.07	2.04

September 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $91,361,000K ÷ $37,041,000K
= 2.47

The fixed asset turnover ratio measures how efficiently a company generates revenue from its fixed assets. Walt Disney Company's fixed asset turnover has been relatively stable over the past five years, ranging from 2.04 to 2.54.

A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more effectively to generate revenue. In the case of Walt Disney Company, the ratio has shown a slight fluctuation without any significant upward or downward trend.

The current ratio of 2.47 for September 30, 2024, suggests that for every dollar of fixed assets invested, the company generated $2.47 in revenue. This indicates that Walt Disney Company has been efficient in utilizing its fixed assets to drive sales.

Overall, the consistent performance of Walt Disney Company's fixed asset turnover ratio implies that the company has been effectively managing and utilizing its fixed assets to generate revenue over the past years.