Walt Disney Company (DIS)
Total asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | |||
| Total assets | US$ in thousands | 197,774,000 | 205,579,000 | 203,783,000 | 204,858,000 | 202,124,000 | 203,631,000 | 204,074,000 | 202,453,000 | 203,311,000 | 203,609,000 | 202,221,000 | 200,250,000 | 201,888,000 | 201,549,000 | 207,649,000 | 206,294,000 | 200,948,000 | 193,984,000 | 209,475,000 | 214,342,000 |
| Total asset turnover | 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 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $88,935,000K ÷ $197,774,000K
= 0.45
Total asset turnover measures a company's efficiency in generating revenue from its assets. It is calculated by dividing net sales by average total assets. Looking at the data provided for Walt Disney Company over the past few quarters and years, we can see that the total asset turnover ratio has ranged from 0.29 to 0.45.
A higher total asset turnover ratio indicates that the company is more efficient in utilizing its assets to generate revenue. Conversely, a lower ratio suggests that the company may not be effectively utilizing its assets to generate sales.
In the case of Walt Disney Company, the total asset turnover ratio has shown a fluctuating trend over the periods. It increased from 0.29 in March 2021 to 0.45 in December 2023. This improvement indicates that the company has been able to generate more revenue per dollar of assets invested.
However, it is important to consider the industry standards and compare the ratio with its competitors to gain a better understanding of Walt Disney Company's asset efficiency. Additionally, further analysis of the company's operational and strategic activities would provide more insight into the factors influencing the total asset turnover ratio.
Peer comparison
Dec 31, 2023