Walt Disney Company (DIS)

Working capital 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 current assets	US$ in thousands	25,241,000	25,493,000	24,636,000	25,971,000	32,763,000	30,174,000	28,263,000	26,912,000	29,098,000	31,422,000	31,427,000	32,913,000	33,657,000	33,966,000	32,877,000	34,874,000	35,251,000	41,330,000	33,274,000	27,776,000
Total current liabilities	US$ in thousands	34,599,000	35,612,000	32,874,000	31,033,000	31,139,000	28,234,000	28,056,000	27,070,000	29,073,000	30,704,000	29,601,000	30,037,000	31,077,000	27,413,000	26,642,000	26,546,000	26,628,000	30,917,000	35,473,000	34,797,000
Working capital turnover		—	—	—	—	54.74	45.26	420.20	—	3,308.88	112.96	41.96	25.38	26.13	9.70	9.36	7.30	7.58	6.70	—	—

September 30, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $91,361,000K ÷ ($25,241,000K – $34,599,000K)
= —

The working capital turnover ratio reflects how efficiently Walt Disney Company is utilizing its working capital to generate revenue. A higher ratio indicates better utilization of working capital.

Looking at the data provided, the working capital turnover ratio for Walt Disney Company has shown significant fluctuations over the periods. For instance, there was a drastic increase in the ratio from 6.70 in December 2019 to 3,308.88 in September 2022, indicating a substantial improvement in working capital efficiency during that period.

However, there are also periods where the working capital turnover ratio was relatively lower, such as in March 2021 and June 2021, where it was 9.36 and 9.70, respectively. This suggests that the company may have faced challenges in converting its working capital into revenue efficiently during those quarters.

Overall, Walt Disney Company's working capital turnover ratio has exhibited volatility over the analyzed periods. It is essential for the company to closely monitor and manage its working capital effectively to ensure optimal efficiency in generating revenue from its current assets.