Walt Disney Company (DIS)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	53,220,000	52,928,000	52,048,000	53,377,000	65,810,000	64,140,000	62,915,000	59,308,000	56,045,000	51,161,000	48,584,000	38,986,000	41,281,000	45,018,000	52,731,000	65,070,000	57,876,000
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
Gross profit margin		59.84%	59.54%	59.28%	61.37%	77.96%	77.54%	77.57%	77.40%	76.79%	75.89%	76.40%	66.82%	67.94%	68.85%	75.55%	83.12%	76.98%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $53,220,000K ÷ $88,935,000K
= 59.84%

The gross profit margin of Walt Disney Company has shown fluctuations over the past years. In the most recent quarter ending December 31, 2023, the gross profit margin was 59.84%, a slight decrease from the previous quarter. However, the margin has significantly declined compared to the same period in the previous year, when it stood at 77.96%.

The company experienced a peak in gross profit margin in the quarter ending December 31, 2019, with a margin of 83.12%. Since then, there has been a downward trend in the gross profit margin, with occasional fluctuations.

A gross profit margin reflects the efficiency of a company's production and pricing strategies, indicating how well the company controls its production costs. The declining trend in Walt Disney's gross profit margin over the past years may signal challenges in managing production costs or pricing strategies. Further analysis and comparison with industry peers could provide more insights into the company's competitive position and operational efficiency.