Walt Disney Company (DIS)
Fixed asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 88,898,000 | 82,722,000 | 67,418,000 | 65,388,000 | 69,607,000 |
| Property, plant and equipment | US$ in thousands | 34,941,000 | 33,596,000 | 32,624,000 | 32,078,000 | 31,603,000 |
| Fixed asset turnover | 2.54 | 2.46 | 2.07 | 2.04 | 2.20 |
September 30, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $88,898,000K ÷ $34,941,000K
= 2.54
The fixed asset turnover ratio for Walt Disney Co (The) has shown a consistent upward trend over the past five years, increasing from 2.20 in September 2019 to 2.54 in September 2023. This indicates that the company is generating more revenue per dollar of fixed assets invested, demonstrating improved efficiency in utilizing its fixed assets to generate sales. The trend suggests that the company has been able to efficiently utilize its fixed assets to support revenue growth, reflecting positively on its operational management and asset utilization. Overall, the increasing trend in the fixed asset turnover ratio signifies improved efficiency in utilizing fixed assets to drive revenue generation.
Peer comparison
Sep 30, 2023