Walt Disney Company (DIS)

Activity ratios

Short-term

Turnover ratios

	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover	10.16	9.90	11.47	10.45	10.53	10.77	9.90	10.17	10.67	11.44	12.13	12.60	12.21	11.17	13.77	13.15	12.85	13.82	11.54	13.86
Receivables turnover	7.18	6.94	7.42	6.30	7.21	6.70	6.81	6.03	6.54	5.93	5.57	4.90	5.04	4.76	4.66	4.32	5.15	5.53	5.39	4.40
Payables turnover	1.39	—	—	—	1.37	—	—	—	1.15	—	—	—	0.99	—	—	—	1.54	—	—	—
Working capital turnover	—	—	—	—	54.74	45.26	420.20	—	3,308.88	112.96	41.96	25.38	26.13	9.70	9.36	7.30	7.58	6.70	—	—

Inventory turnover:

- Walt Disney's inventory turnover has been relatively stable over the past few quarters, ranging between 9.90 and 13.86 times per year.
- This indicates that Walt Disney efficiently manages its inventory, with products being sold and replaced multiple times throughout the year.

Receivables turnover:

- The receivables turnover for Walt Disney has fluctuated between 4.32 and 7.42 times per year.
- A higher receivables turnover ratio suggests that Walt Disney is able to collect outstanding receivables more quickly, which is a positive sign for the company's liquidity.

Payables turnover:

- Walt Disney's payables turnover has varied between 1.15 and 1.54 times per year.
- This ratio indicates the speed at which the company pays its suppliers. A higher ratio could imply Walt Disney is managing its payables effectively.

Working capital turnover:

- Walt Disney's working capital turnover has shown significant fluctuations, ranging from 7.30 to 3,308.88 times per year.
- This ratio reflects how efficiently the company generates revenue from its working capital investments. The high figures suggest a high level of working capital efficiency during those quarters.

In conclusion, Walt Disney appears to be effectively managing its inventory, receivables, payables, and working capital to ensure efficient operations and liquidity.

Average number of days

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Days of inventory on hand (DOH)	days	35.93	36.85	31.82	34.94	34.66	33.90	36.85	35.90	34.22	31.90	30.10	28.98	29.88	32.69	26.51	27.76	28.41	26.42	31.63	26.33
Days of sales outstanding (DSO)	days	50.85	52.57	49.21	57.93	50.62	54.50	53.59	60.50	55.83	61.59	65.48	74.42	72.37	76.66	78.40	84.41	70.94	66.00	67.76	83.02
Number of days of payables	days	262.90	—	—	—	267.08	—	—	—	318.31	—	—	—	367.25	—	—	—	236.63	—	—	—

The Days of Inventory on Hand (DOH) for Walt Disney Company have shown some fluctuations over the periods analyzed, ranging from a low of 26.33 days to a high of 36.85 days. Generally, the company has managed to keep its inventory turnover relatively efficient, with the average DOH around 32 days.

In terms of Days of Sales Outstanding (DSO), Walt Disney Company has experienced variability in collecting its receivables efficiently. The DSO has ranged from a low of 49.21 days to a high of 84.41 days, indicating that the company takes, on average, between 49 to 84 days to collect payment from its customers.

The Number of Days of Payables shows that Walt Disney Company has been able to manage its payables effectively over the periods analyzed. The company has a wide range of days where it takes to pay its suppliers, which can have an impact on its cash flow management.

Overall, Walt Disney Company shows a mixed performance in its activity ratios, with varying efficiency in managing its inventory, collecting receivables, and paying its suppliers. Continuous monitoring and optimization of these ratios are crucial for the company's operational and financial performance.

Long-term

	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Fixed asset turnover	2.47	2.50	2.51	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
Total asset turnover	0.47	0.46	0.46	0.45	0.43	0.43	0.42	0.42	0.41	0.40	0.38	0.36	0.33	0.31	0.29	0.30	0.32	0.34	0.38	0.37

The fixed asset turnover ratio for Walt Disney Company has shown a consistent upward trend over the past several quarters, indicating that the company is generating more revenue from its fixed assets. This suggests an improvement in the efficiency of utilizing its fixed assets to generate sales.

On the other hand, the total asset turnover ratio has also been increasing steadily, although at a slower pace compared to the fixed asset turnover ratio. This implies that the company is generating more revenue in relation to its total assets, reflecting an overall improvement in asset utilization efficiency.

The overall trend in both ratios reflects positively on the company's operational performance and efficiency in generating sales from its assets. However, it is important to monitor these ratios over time to ensure sustained efficiency and profitability in the long term.