Walt Disney Company (DIS)
Receivables 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 |
| Receivables | US$ in thousands | 12,330,000 | 12,652,000 | 13,367,000 | 12,708,000 | 15,481,000 |
| Receivables turnover | 7.21 | 6.54 | 5.04 | 5.15 | 4.50 |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $88,898,000K ÷ $12,330,000K
= 7.21
The receivables turnover ratio for Walt Disney Co (The) has shown a generally increasing trend over the past five years, indicating an improvement in the company's ability to efficiently collect payments from its customers. The ratio increased from 4.49 in September 2019 to 7.21 in September 2023. This suggests that, on average, Walt Disney Co (The) collected its accounts receivable approximately 7.21 times during the most recent fiscal year. This indicates that the company is becoming more effective in managing its accounts receivable and converting them into cash. The rising trend in receivables turnover is a positive signal, as it reflects a healthy and efficient credit and collection process.
Peer comparison
Sep 30, 2023