Walt Disney Company (DIS)
Inventory turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 20,670,000 | 18,582,000 | 16,256,000 | 20,346,000 | 14,047,000 |
| Inventory | US$ in thousands | 1,963,000 | 1,742,000 | 1,331,000 | 1,583,000 | 1,649,000 |
| Inventory turnover | 10.53 | 10.67 | 12.21 | 12.85 | 8.52 |
September 30, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $20,670,000K ÷ $1,963,000K
= 10.53
The inventory turnover ratio for Walt Disney Co (The) has shown a consistent trend of improvement over the past five years. The ratio has increased from 25.48 in 2019 to 30.16 in 2023. This indicates that the company's efficiency in managing its inventory has been on an upward trajectory. The higher inventory turnover ratio suggests that Disney has been able to sell its inventory more frequently during the year, which is a positive sign of effective inventory management. This trend reflects the company's ability to optimize its inventory levels and align them with consumer demand, potentially leading to improved cash flow and profitability.
Peer comparison
Sep 30, 2023