Walt Disney Company (DIS)

Total asset 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
Total assets	US$ in thousands	205,579,000	203,631,000	203,609,000	201,549,000	193,984,000
Total asset turnover		0.43	0.41	0.33	0.32	0.36

September 30, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $88,898,000K ÷ $205,579,000K
= 0.43

The total asset turnover ratio measures a company's ability to generate sales from its total assets. It indicates how efficiently the company is utilizing its assets to generate revenue.

Walt Disney Co's total asset turnover has shown an increasing trend over the past five years, from 0.36 in September 2019 to 0.43 in September 2023. This suggests an improvement in the company's efficiency in generating sales from its assets.

A higher total asset turnover ratio indicates that the company is more effective in utilizing its assets to generate revenue. The increase in the ratio over the five-year period reflects positively on Disney's management of its assets and its ability to generate sales from those assets. It may also suggest improved operational efficiency, better inventory management, or effective utilization of fixed assets.

Overall, the increasing trend in Walt Disney Co's total asset turnover ratio indicates an improvement in the company's efficiency in generating sales from its total assets over the five-year period.