Walt Disney Company (DIS)

Operating 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
Operating income (ttm)	US$ in thousands	13,696,000	12,863,000	11,484,000	11,492,000	11,906,000	12,121,000	12,111,000	10,926,000	9,692,000	7,766,000	6,785,000	5,502,000	5,444,000	8,108,000	10,927,000	13,780,000	15,188,000
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
Operating profit margin		15.40%	14.47%	13.08%	13.21%	14.10%	14.65%	14.93%	14.26%	13.28%	11.52%	10.67%	9.43%	8.96%	12.40%	15.65%	17.60%	20.20%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $13,696,000K ÷ $88,935,000K
= 15.40%

The operating profit margin for Walt Disney Company has fluctuated over the past few years. In the most recent period ending in December 2023, the operating profit margin was 15.40%, showing a slight improvement from the previous quarter. However, compared to the same period in the previous year, the operating profit margin has decreased.

Looking at the trend over the past five years, there was a notable increase in operating profit margins from 2019 to 2020, reaching a peak of 20.20% in March 2020. However, since then, the margins have been on a downward trend, with fluctuations quarter to quarter.

Overall, the operating profit margins for Walt Disney Company have shown some variability, possibly influenced by changes in operational efficiency, cost management, and revenue generation strategies. Further analysis would be needed to understand the drivers behind these fluctuations and to assess the company's profitability sustainability.