Walt Disney Company (DIS)
Total asset 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 |
| Total assets | US$ in thousands | 196,219,000 | 197,772,000 | 195,110,000 | 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 |
| 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 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $91,361,000K ÷ $196,219,000K
= 0.47
The total asset turnover ratio measures how efficiently a company is utilizing its assets to generate revenue. A higher ratio indicates that the company is efficiently generating sales using its assets.
Analyzing the total asset turnover ratio of Walt Disney Company over the past few quarters, we observe a gradual increase in the ratio from 0.29 in March 2021 to 0.47 in September 2024. This signifies an improvement in the company's ability to generate sales relative to its total assets.
The consistent upward trend in the total asset turnover ratio suggests that Walt Disney Company has been effectively managing its assets to drive revenue growth. This efficiency could be attributed to strategic initiatives, operational improvements, or effective resource allocation within the organization.
Overall, the increasing trend in the total asset turnover ratio indicates that Walt Disney Company has been successful in optimizing its asset utilization, which is a positive indicator of its operational performance and efficiency in generating revenue. It also implies that the company is utilizing its assets effectively to drive business growth and profitability.
Peer comparison
Sep 30, 2024