Walt Disney Company (DIS)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 91,361,000 | 90,028,000 | 89,203,000 | 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 |
| Receivables | US$ in thousands | 12,729,000 | 12,966,000 | 12,026,000 | 14,115,000 | 12,330,000 | 13,112,000 | 12,770,000 | 13,993,000 | 12,652,000 | 13,685,000 | 13,746,000 | 14,882,000 | 13,367,000 | 13,355,000 | 12,533,000 | 14,051,000 | 12,708,000 | 12,622,000 | 14,532,000 | 17,100,000 |
| 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 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $91,361,000K ÷ $12,729,000K
= 7.18
The receivables turnover ratio for Walt Disney Company has shown a fluctuating trend over the past few quarters. In the latest period as of September 30, 2024, the company's receivables turnover was 7.18, indicating that, on average, accounts receivable turned over approximately 7.18 times during the period.
The ratio has generally been improving over the past few quarters, with peaks seen in March 2024 (7.42) and September 2023 (7.21). This suggests that the company has been more efficient in collecting payments from its customers during these periods.
On the other hand, there have been periods of lower turnover, such as in December 2021 (4.90) and March 2021 (4.66), which indicate slower collection of receivables during those quarters.
Overall, a higher receivables turnover ratio is generally preferred as it indicates that the company is collecting payments from its customers more quickly. However, it is essential to consider industry standards and compare the ratio to competitors to gain a better understanding of Walt Disney Company's performance in managing its accounts receivable.
Peer comparison
Sep 30, 2024