Walt Disney Company (DIS)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	88,935,000	88,898,000	87,807,000	86,981,000	84,415,000	82,722,000	81,106,000	76,624,000	72,988,000	67,418,000	63,591,000	58,348,000	60,760,000	65,388,000	69,799,000	78,282,000	75,181,000
Property, plant and equipment	US$ in thousands	35,321,000	34,941,000	34,577,000	34,579,000	34,200,000	33,596,000	33,583,000	32,917,000	32,681,000	32,624,000	32,377,000	32,137,000	32,263,000	32,078,000	31,891,000	32,151,000	31,895,000	31,603,000	31,392,000	31,017,000
Fixed asset turnover		2.52	2.54	2.54	2.52	2.47	2.46	2.42	2.33	2.23	2.07	1.96	1.82	1.88	2.04	2.19	2.43	2.36

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $88,935,000K ÷ $35,321,000K
= 2.52

The fixed asset turnover ratio for Walt Disney Company has been relatively consistent over the past several quarters, ranging from 1.82 to 2.54. This ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio suggests that the company is generating more revenue per dollar of fixed assets, which is generally seen as a positive indicator of operational efficiency.

Walt Disney's fixed asset turnover ratio has shown a general increasing trend over the period analyzed, with some fluctuations. This indicates that the company has been able to improve its efficiency in utilizing its fixed assets to generate revenue over time. The slight fluctuations in the ratio may be attributed to seasonal factors or specific business decisions impacting asset utilization.

Overall, the consistent and generally increasing trend in Walt Disney's fixed asset turnover ratio suggests that the company is effectively managing and utilizing its fixed assets to generate revenue, which is a positive sign for investors and stakeholders.